Synnex Corp acquires BPO firm Minacs

Q.  Bengaluru based BPO firm Minacs has been acquired by which NYSE technology company?
- Published on 14 Jul 16

a. Syntex
b. Syndex
c. Syncex
d. None of the above

ANSWER: None of the above
 
NYSE listed technology firm Synnex Corporation has acquired Bengaluru based BPO firm Minacs for USD 420 million in a deal underlining consolidation in the business process management space.
  • Buyout also showcases the efforts in the BPM sector to gravitate towards higher end services and capabilities like analytics
  • PE firms CX Partners and Capital Square Partners which purchased Minaca from the Aditya Birla Group are exiting the firm.
  • This acquisition is Synnex’s second biggest in India.
  • In 2013, it had acquired BPO firm IBM Daksh for USD 505 million.

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