Genpact to acquire Headstrong for $550m
Genpact has agreed to buy consulting and IT services provider Headstrong for USD 550 million and expects to close the transaction by May 31, said its president and chief executive officer Pramod Bhasin. The deal, he said, would be EPS accretive and would give the company a competitive edge. "We will operate Headstrong as a separate company. This transaction is a game changer for us," he stated.
The operation is a great bet operationally as well as culturally, he added. "Headstrong has 3,700 employees in seven countries and will compliment high growth business for Genpact."
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