In a recent official statement, the Quatrro BPO Solutions has announced that it has recently acquired the Chicago-based company, that is providing accounting service solutions to small and medium enterprises (SMEs), named the RSM McGladrey Financial Process Outsourcing (FPO). The officials of the company have stated that the John Keells Holdings from Sri Lanka also made some financial contribution to the acquisition. However, they did not say anything about the amount of investment involved in this acquisition.
According to one of the sources from the company, the Quatrro BPO Solutions is going to add two new US fulfillment locations in Madison and Pleasant Prairie (both in Wisconsin) and also another one location in Mumbai, with this acquisition. Commenting on the acquisition, the Chairman and Managing Director of Quatrro, Mr. Raman Roy said, "I see this move as an essential integral part of our strategy of growing Quatrros business targeted at the SME segment. I am confident that this will play a catalytic role in setting the agenda of Going Beyond the Existing and building strategically important businesses in underserved and uncontested market spaces". He added that the RSM McGladrey is one of the leading professional services company that provides accounting, tax and business consulting to its customers and the RSM McGladrey Financial Process Outsourcing (FPO) is actually a captive business unit of the company.
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| Posted : 4/11/2008 |
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