NEW DELHI: The High Court of Karnataka has approved the merger between Scandent Solutions Corp. Ltd., the information technology solutions firm, and Cambridge Holdings LLC., a knowledge-based business processing outsourcing firm.
According to a Scadent statement, the resultant company, to be named Cambridge Solutions Ltd., will be one of the leading knowledge-based IT and BPO firms, and target the insurance and financial sector.
“With this merger, Cambridge Solutions Ltd. will be uniquely positioned to offer clients a synergistic combination of IT and BPO solutions through an integrated global delivery model,” said Chris Sinclair, executive chairman and CEO of Cambridge Solutions Ltd. “The larger global footprint and an enhanced portfolio of services combined with a higher combined turnover, gives us the leverage to target a larger base of customers across segments.” The combined turnover of the new entity will be close to $275 million (or Rs. 1230 crores).
The management team of Cambridge Solutions Ltd. will be led by Chris Sinclair, executive chairman and CEO; Satyen Patel, executive vice chairman; Richard Gros, executive vice president, global human resources; Pradeep Chaudhry, senior vice president/financial controller; and Dilip Keshu, chief strategy and corporate development officer.
The merged company's international business model will launch the next generation of strategic global outsourcing.
Cambridge Solutions Ltd. will be traded publicly on the Indian stock exchanges and will have revenues of close to $275 million a year, more than 3,500 employees, 82 offices on four continents, and more than 2,000 clients (including Fortune 500 companies). It Cambridge was recently named one of the top three best performing BPOs by Global Services media and neoIT, a leading offshore outsourcing advisory firm and will be listed in Fortune Magazine on their Offshore 100 list.
An integrated brand and corporate identity program will be launched to communicate Cambridge's positioning to a wide range of audiences in all corners of the globe. A new logo and marketing materials, international advertising campaign, and global public relations outreach communicates both visually and verbally how Cambridge is the bridge for companies to realize their vision for success. The company's brand promises to take companies where they need to be by bridging the gap between finite resources and superior performance.
International headquarters of Cambridge Solutions Ltd. will be in Bangalore, India and U.S. headquarters in Greenwich, Connecticut. Regional offices will be in the United Kingdom, India, Australia, and Singapore.
Eco-friendly IT process not only makes a good environment sense, but also a very good business sense. Join us in this initiative that protects nature and your business.
know more..
