Sunday, October 23, 2005

Perot Systems has completed the acquisition of Technical Management and its subsidiary Transaction Applications Group (TAG), a US-based policy administration services company. Perot acquired a 100 percent stake in TAG for USD 65 million along with USD 18 million which is subject to certain performance targets. The move will not only strengthen the company's focus on the insurance industry but also help in achieving improved performance levels. The acquisition, which would also see the addition of around 850 TAG employees to its workforce, is also expected to help the company spread its BPO capabilities. The addition would take the worldwide Perot BPO strength to about 4,700 employees. The BPO operations currently contribute about 18 percent of the company's total revenue.

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