MUMBAI - Infosys Technologies Ltd., India's second-biggest software services
exporter, is close to buying U.S.-based Capco, a financial services consulting
firm, the Business Standard newspaper reported on Tuesday.
"Infosys is at an advanced stage of carrying out due diligence on Capco,"
the paper said, quoting market sources. The deal is expected to be "in the
$200-million range", it said.
Calls to Infosys were not immediately returned.
Capco provides consulting and processing services for the financial services
industry. It has an offshore centre in Bangalore with about 100 employees, the
paper said.
New York-listed Infosys in April bought out Citigroup's 23 percent stake in
Progeon, Infosys' back office unit, for $115 million.