View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 7, 2011

Genpact to acquire Headstrong for $550m

Transaction expected to accelerate Genpact’s revenue growth

By CBR Staff Writer

Indian BPO company Genpact has agreed to acquire Headstrong, a US-based provider of consulting and IT services, for $550m.

Headstrong, which generated a revenue of $217m in 2010, specializes in financial services. It has expertise in asset management, derivatives, wealth management, prime brokerage, reference data, compliance and mortgages.

Headstrong’s clients include nine of the world’s top 10 investment banks and three of the top five asset managers.

Headstrong also has an emerging practice in healthcare administration.

Headstrong generated revenues of approximately $217m in 2010 and Genpact expects Headstrong’s long-term growth rate to be in excess of 20% per year.

Headstrong has approximately 3,700 employees in seven countries and generates a significant amount of revenue from employees who are onsite with clients in the US, the UK and Japan.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

The transaction is expected to close by 31 May 2011, subject to customary regulatory and other conditions.

Genpact president and CEO Pramod Bhasin said Headstrong is a complementary high-growth business, built by talented leaders, that is an excellent fit strategically, financially, operationally and culturally.

"With this acquisition, we are gaining critical domain and technology expertise in the complex, but highly attractive, capital markets industry vertical. This expertise – combined with our capabilities in business process management (BPM) and Smart Decision Services that encompass analytics and reengineering – will create a uniquely powerful value proposition for clients," Bhasin said.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.