Sutherland acquires R&D firm Adventity in an all-cash deal...

Business process outsourcing (BPO) company Sutherland Global Services has acquired India s Adventity, a business and financial research service firm, in an all-cash deal. Sources said the deal is valued at around Rs 250 crore and is said to be the first acquisition by the company in 24 years. Adventity has over 2,500 employees in New York, Houston, Mumbai, Chennai and Dubai. Adventity, focuses on providing platform-based BPO services to banks and financial services companies and to airlines and travel industry. It also offers comprehensive and innovative knowledge services to banking, financial services and insurance (BFSI) segment including research and analytics ...

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