Integreon buys US-based Grail Research

Submitted by Sarika Valecha on Wed, 11/11/2009 - 20:20

Integreon, the global leader of Knowledge Process Outsourcing (KPO), has notified that it has acquired Grail Research, a US-based research firm, for an undisclosed amount.

The latest deal is Integreon’s sixth acquisition. The firm bought the business from the Monitor group which is a global advisory and capital services firm.

The Monitor group has signed a five-year contract to buy Grail Research from Integreon as a part of the deal.

Mr Lokendra Tomar, Chief Operating Officer for the Asia-Pacific, Integreon Managed Solutions India said, “the entire acquisition has been funded by the Ayala group which is a majority stakeholder of Integreon with around 70 per cent stake. We are looking to raise $100 million through private equity and are likely to announce the completion of fund-raising by the first quarter of 2010.’’

Mr Tomar further added that the company continues to look for more acquisition opportunities globally and is looking to rope in new investors to fund these buys.


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