Genpact, the largest BPO in the country, on Monday announced it has signed an agreement to acquire Axis Risk Consulting Services for an undisclosed amount. The acquisition is expected to be closed in the next 60-90 days, subject to necessary regulatory approvals.
The acquisition expands Genpact’s finance and accounting (F&A) solutions that include outsourced transactional services and financial planning and analysis.Post-acquisition, Axis will operate as an independent unit of Genpact within its governance practice. Axis managing director and founding partner Ameet Parikh will lead the governance business unit.
The acquisition, Genpact said, will enable it to offer end-to-end internal audit service solutions by combining its own process and technology expertise with Axis’ audit staff and automated control testing.
Read more in The Economic Times article.
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