Banco Ficohsa Acquires Citi’s Consumer Banking Unit in Honduras
By Narayan Ammachchi Banco Ficohsa has acquired the Honduran unit of CitiBank’s consumer banking business in an all-stock deal that will make it the largest bank in the Central American country. The...
View ArticleNexus Panel: M&A Success Requires Communication, Cultural Alignment and a...
Having a clear strategy, focused management and a strong emphasis on communication and cultural alignment are all critical factors in the success of mergers and acquisitions (M&As) in Latin...
View ArticleXerox Acquires Smart Data to Bolter e-Discovery Service
By Narayan Ammachchi Xerox Corp. has acquired Smart Data Consulting, thus expanding its e-discovery services and technology consulting capabilities. Financial terms of the deal have not been disclosed....
View ArticleTech Mahindra Buys 75 Percent Stake in Fix Stream
By Narayan Ammachchi Indian outsourcing firm Tech Mahindra has agreed to acquire 75% stake in US-based Big Data analytics firm Fix Stream Networks Inc (FSNI) for about US$10 million. The Pune,...
View ArticleKellton Tech Acquires eVantage Technologies to Bolster its ERP Service Offerings
By Narayan Ammachchi Kellton Tech Solutions has purchased US-based IT outsourcing firm eVantage Technologies. No financial details of the deal have been disclosed. The New Jersey-based IT services firm...
View ArticleCable & Wireless Sells Stake in Monaco Telecom in Order to Focus on LATAM Region
By Narayan Ammachchi Cable & Wireless Communications (CWC) has agreed to sell its majority stake in Monaco Telecom as part of a strategy to free up cash in order to focus on expanding its...
View ArticleIBM Secures Outsourcing Contract From Chile’s PreviRed
By Narayan Ammachchi IBM has landed an IT outsourcing contract with Chilean health insurance payment service provider PreviRed, although the financial details of the deal have not been disclosed. Under...
View ArticleQualfon Acquires US Call Center Firm Center Partners
By Narayan Ammachchi Qualfon has acquired U.S. call center firm Center Partners in a deal that will give the global BPO provider a significant foothold in North America. With approximately 2,500...
View ArticleVC Funds Show Renewed Appetite for Tech Firms in the US
By Narayan Ammachchi Four tech start-ups in New York raised in excess of $100 million last month, indicating a new boom for the technology sector in the U.S. East Cost. Betterment, Paperless Post,...
View ArticleVirgin Mobile Raises $86M to Fund Expansion Across Latin America
By Narayan Ammachchi British telecom firm Virgin Mobile (VMLA) has raised US$86 million in equity capital to launch its brand in Mexico and Brazil, and bolster its existing operatiosn in other Latin...
View ArticleLionbridge Acquires Costa Rica’s Darwin Zone
By Narayan Ammachchi Lionbridge Technologies has wrapped up a deal to acquire Costa Rica-based digital marketing firm Darwin Zone for about US$2.4 million. About 70 employees of the Costa Rican firm,...
View ArticleColombia Reaches Landmark Deal: FARC Agrees to Abandon Drug Trade
By Narayan Ammachchi President Juan Manuel Santos boosted his political capital last Friday as the Colombian government secured a historic peace deal with the FARC rebels by persuading them to abandon...
View ArticleCapgemini Seals F&A Outsourcing Contract With NBCUniversal
By Narayan Ammachchi French computer consulting firm Capgemini has announced that its American subsidiary has landed a contract to provide finance and accounting services for NBCUniversal...
View ArticleUST Global Acquires US Technology Firm Xpanxion
By Narayan Ammachchi California-based outsourcer UST Global has acquired U.S. technology firm Xpanxion for an undisclosed price. The deal comes barely a week after UST Global announced the acquisition...
View ArticleMexico’s Pemex Close to Sealing $4 Billion Energy Deal With Chinese Firms
By Narayan Ammachchi Mexico’s state-owned petroleum company Pemex says it is in talks with Chinese companies to create a US$4 billion investment fund to finance energy projects. China has already...
View ArticleXerox Acquires ISG Holdings for $225 million
By Narayan Ammachchi Xerox Corp has announced that it is acquiring ISG Holdings for US$225 million in a bid to strengthen its payment services unit. The acquisition, analysts say, will bolster its...
View ArticleIberdrola to Invest $5 Billion to Bolster Mexico’s Energy Sector
By Narayan Ammachchi Spanish energy giant Iberdrola has pledged to invest US$5 billion to help Mexico overhaul its energy sector, a major development after the country’s present administration reformed...
View ArticleNearshore HR Outsourcer Scores Bristol-Myers Squibb Business
By Narayan Ammachchi NGA Human Resources has landed a contract with biopharmaceutical firm Bristol-Myers Squibb to provide HR and payroll management services for its employees in North America and...
View ArticleKIO Networks Acquires Cloud Provider redIT, Capturing Mexico Footprint
By Narayan Ammachchi Mexican data center company KIO Networks has agreed to acquire U.S.-based provider of managed cloud computing, connectivity, and data center services firm redIT. Financial details...
View ArticleScotiabank Acquires Majority Stake in Chilean Lending Group
By Narayan Ammachchi Canada’s third biggest financial service provider Scotiabank has agreed to acquire a majority stake in the credit card and consumer loans unit of Chile’s Cencosud SA for $280...
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