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Datamatics Technologies buys US firm

Calcutta, Oct. 15: Datamatics Technologies, a Mumbai-based business process outsourcing (BPO) company, has acquired US-based CorPay Solutions for around $9 million in an all-cash deal.

CorPay is a $13-million BPO company that specialises in finance and accounting services. Owned by the Lalit Kanodia Group, the Rs 150-crore Datamatics is the third largest BPO player in the country. Datamatics offers end-to-end solutions in publishing, finance and accounting, human resources, insurance and healthcare domains.

Managing director and CEO Manish Modi said, “The synergies of the combined organisations would open numerous opportunities and create a compelling business proposition for its existing client base and markets.”

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