Under terms of the deal, UK-based Capita will pay GBP285, 000 ($450,300) to acquire a 60% stake in Mastek BPO, which provides back-office transaction processing services to firms in the financial services, banking and insurance sectors.
The deal adds to an existing agreement between Mastek and Capita that has been in place for the past eight years, and involves Capita sending application management work offshore to Mastek’s development centers in India. The operation, renamed Capita Mastek BPO Ltd, will deliver services to the two companies’ joint customer base.
This article was based on material originally published by ComputerWire.
