Quatrro eyeing acquisition in N.America

NEW DELHI, INDIA: Indian business outsourcing company Quatrro is looking for acquiring companies in North America that offer services to medium size business segment and these services being offered by the company should add to the current offering of Quatrro.

“We are looking for acquisition to offer new services. These acquisitions will be probably in North America and we are looking at companies that are offering their services to mid-size businesses. The new services will be related to our current offering,” said Raman Roy, chairman and managing director, Quatrro, in an interaction with CIOL, on the sidelines of the TIE Entrepreneurial Summit 2010 here today.

Quatrro at present offers services in the field of accounting, mortgage, technology support, fraud control, information management and testing services. The company has received investment of $13 million from Olympus Capital, Walden International and from other individual investors in the mid of this year to accelerate its organic and inorganic growth.

Roy mentioned that funds will not be an issue for the acquisition that his company is looking at.

“The services being offered by the company should be convincing. We are open to new ideas and new services,” said Roy.

He also mentioned that Quatrro is also looking at developing business in Indian market.

“We do agree that there is ample opportunity in emerging markets, especially BRIC countries, but among emerging market we are only looking at developing business in Indian market,” said Roy.

Roy mentioned that to develop business in Indian market, Quatrro is in talks with state governments.

“We are thrilled with the Bihar growth story. We would like to work with this kind of state governments because they have attitude for development and they are listening,” said Roy.

When asked about Roy’s view of impact of the economy getting back on track, he mentioned that the revival of economy has brought back the problem of attrition.

“The economy is back on track but at the same time the problem of attrition has also returned. However, we are confident of seeing good business in the coming year,” said Roy.