By Dhanya Ann Thoppil
BANGALORE--A unit of India's Infosys Ltd. (500209.BY) is buying
the claims processing, call center and accounting unit of
U.S.-based insurance brokerage Marsh & McLennan Cos. (MMC) for
an undisclosed amount.
Marsh BPO has seven insurance-company clients with more than
600,000 policy holders, Infosys BPO Ltd. said in a statement late
Monday. All 87 Marsh BPO staff will be absorbed by Infosys BPO.
The acquisition will expand Infosys BPO's presence in voluntary
group life insurance, the statement added without giving any other
details.
The deal follows Infosys Ltd.'s announcement Monday it is buying
privately held Swiss consulting company Lodestone Holding AG for an
enterprise value of 330 million Swiss francs ($350 million).
Infosys Ltd. is India's second-largest outsourcing company by
sales. Infosys BPO posted $495 million in revenue in the fiscal
year ended March 31.
In December Infosys BPO bought Australia's Portland Group Pty.
Ltd. for 37 million Australian dollars ($38.2 million). It bought
privately held U.S. insurance company McCamish Systems for about
$58 million in 2009.
Write to Dhanya Ann Thoppil at dhanya.thoppil@dowjones.com