Mergers and Acquistions News
Categories: BPO
August 18th 2009, 17:08PM
BPO services firms Stream Global Services and EGS Corp, a subsidiary of eTelecare, have announced that they have entered into a definitive merger agreement in a stock-for-stock exchange.
The deal will see the current Stream and EGS Corp stockholders own approximately 57.5 per cent and 42.5 per cent respectively of the combined entity.
Following the merger, the combined company – which will retain the Stream Global Services name – will have interests in North America, Europe, the Philippines, Latin America, India, the Middle East and Africa.
It is hoped the deal will result in a global BPO company with a diversified Fortune 1,000 customer base that benefits from an experienced executive team and complementary businesses in the technical, retail, entertainment and telecoms sectors.
"This combination enables us to fulfill our vision by leveraging eTelecare's strength in the Philippines, where it is a market leader," commented Scott Murray, chairman and chief executive officer of Stream.
In June Stream Global Services consolidated its position in the Philippines with the opening of its second solution centre in the country.
Related News
Categories
- BPO (28)
- Hardware (70)
- IT Services & Consulting (176)
- Media & Information Services (116)
- Semi-Conductors (64)
- Software (143)
- Telecoms (242)
Archive
- September 2010 (7)
- August 2010 (20)
- July 2010 (21)
- June 2010 (21)
- May 2010 (19)
- April 2010 (20)
- March 2010 (20)
- February 2010 (20)
- January 2010 (20)
- December 2009 (19)
- November 2009 (19)
- October 2009 (20)