Saturday, November 23

Tag: Hinduja Global Solutions

lnfomedia Group to Acquire AxisPoint Health’s US Service Contracts
ACQUISITION

lnfomedia Group to Acquire AxisPoint Health’s US Service Contracts

A US subsidiary of business process management company Hinduja Global Solutions Ltd has agreed to sell several US nurse advice line service contracts to lnfomedia Group Inc. for $5.3 million (about Rs 37 crore). Health management solutions company HGS AxisPoint Health LLC has sold the contracts to Infomedia, which operates as Carenet Healthcare Services, Hinduja Global said in a stock exchange disclosure. The estimated annual revenue from the contracts sold is $9.4 million. HGS AxisPoint will continue to provide nurse advice line services to the remaining clients. Ramesh Gopalan, president of healthcare business at Hinduja Global, said the sale allows HGS AxisPoint Health to focus efforts on its care management offering. Hinduja Global had acquired AxisPoint Health in April for $...
Hinduja Global Solutions Acquires 57% Stakes in Element Solutions for $5 Mn
ACQUISITION

Hinduja Global Solutions Acquires 57% Stakes in Element Solutions for $5 Mn

Hinduja Global Solutions (HGS) announced that its daughter company Hinduja Global Solutions UK Limited has bought out 57% stake in Element Solutions, which is a digital consulting services company for a $5 million consolidation. The deal is scheduled to be completed in 15 days and will serve to improve the digital marketing and digital experience service of the firm. "Hinduja Global Solutions UK Ltd has today entered into a definitive agreement to acquire 57 per cent equity stake in Element Solutions LLC, USA... Post-acquisition, HGS will add over 75 employees comprising strategic thinkers, digital marketers, user-centric designers, software engineers and developers, of whom 33 are in the US and the rest in India," HGS Chief Executive Officer Partha DeSarkar said. Element Solutions i...