Tuesday, April 13

Citigroup Ready To Acquire E-serve

Citigroup is paying about $126 million to take full control of Indian IT services company e-Serve International. About e-Serve...
e-Serve International Ltd., formerly known as Citicorp Securities & Investments Ltd., is an established provider of IT-enabled services. Having begun this activity in 1992, e-Serve focuses on providing sophisticated IT-enabled solutions to the Financial Services industry, supported by cutting-edge technology and robust infrastructure.

e-Serve IT Enabled Services represent a comprehensive suite of Transaction Processing solutions, Customer Care solutions and Technology Services that are offered to companies engaged in Banking, Insurance, Capital Markets, Mutual Funds & e-Markets.

e-Serve's clientele is global, and Citigroup entities from several countries feature prominently in the list.

Via CBS Marketwatch
"This indicates that multinational companies are turning aggressive on the Indian outsourcing sector and they see huge growth," said Apurva Shah, technology analyst at domestic brokerage Prabhudas Lilladher.