Global outsourcing and technology services providers Aegis and Startek said they have completed their business merger transaction that will create a firm with revenues exceeding US$700 million. The merger deal was first announced in March, following Aegis’ sale to BPO firm CSP in 2017 in a deal valued at around US$291 million. Prior to this, the diversified business group in 2014 had sold Aegis’ businesses in the US, Philippines and Costa Rica to Paris-based Teleperformance for US$610 million. Since then, Aegis has stayed away from those markets. Aparup Sengupta, who was appointed Chairman of the Board of Directors of the combined new business, said the current transaction is expected to be value accretive for the new company by providing access to the world’s most rapidly growing markets. Sengupta is not only the founder of Aegis, but is widely considered for being the principal strategist behind the rapid rise of the BPO firm.
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