IT firm Tech Mahindra right this moment knowledgeable the exchanges that ]it has acquired 100% stake in Activus Join, which gives work-at-home buyer expertise administration options, for $62 million (about ₹466 crore).
The US based mostly Activus Join has 1,750 workers and reported a income of $17 million within the monetary 12 months ended December 31, 2020, as per a regulatory submitting.
“The acquisition will bolster Tech Mahindra’s capabilities in rising office options and strengthen the end-to-end CX portfolio,” Tech Mahindra mentioned in a press release.
Based in 2018, Activus Join gives outsourced buyer expertise (CX) options and know-how to assist and elevate chat, electronic mail, telephone, textual content, video, and social experiences.
The acquisition will allow Tech Mahindra to supply multilingual, multichannel, voice & non-voice buyer care, gross sales, retention, social media moderation and technical assist to clients throughout verticals, the assertion mentioned.
“This acquisition will allow our clients to quickly scale and function by leveraging the Work-at-Residence mannequin. We consider that collectively we are going to proceed to push the boundaries on offering superior outcomes for our buyer,” Birendra Sen, Enterprise Head – Tech Mahindra Enterprise Course of Providers mentioned.
For the six months ended June 30, 2021, Activus Join recorded a income of $21.8 million.
“As a number one supplier of worker based mostly, 100 per cent work-at-home options, the synergies between Activus Join and Tech Mahindra will usher in a brand new chapter of Buyer Expertise Administration (CXM) powered by Digital CX,” Activus Join CEO Felix Serrano mentioned.
Supply: Live Mint