According to a report in The Economic Times, AION Capital Partners is acquiring InterGlobe Technologies for US$230 million. AION Capital Partners is a joint venture between global private equity player Apollo Global Management and ICICI Venture. InterGlobe Tech is the IT & back office arm of InterGlobe Enterprises. It provides global services in travel, transportation and hospitality sectors. InterGlobe Enterprises is also the parent company of Indian airline, IndiGo. It was revealed in the report that the deal was signed this week and is likely to be announced soon. Private equity investors Blackstone, Carlyle, Everstone and Partners Group were previously reported to be interested in a deal along with IT firm Tech Mahindra. InterGlobe Technologies competes with operators like NIIT Technologies and Accelya.
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Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.
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