ACS moves 500 employees to Patni

[dwarakesh]

BPO and IT firm ACS has moved nearly 500 of its US employees in the IT services space to the rolls of Patni Computer Systems Ltd. The financials of the deal were not disclosed.

A report in Livemint quoted vice-president and country head, ACS India, Aman Mustafa: "The employees will now be on the rolls of Patni and will be governed by its terms and conditions for its employees."

ACS is one of the largest players in the BPO segment with nearly two-thirds of its $6.16 billion (Rs31,108 crore) revenue last year, coming from this segment. The company also gets 40% of its revenue from providing IT enabled services to the US government.

According to industry analysts the move may look like a typical sub-contracting set up, is an important one because Indian IT service providers have generally been reluctant to take on assets and liabilities even in sub-contracting arrangements

ACS is looking at doubling its employee strength in India and working with Indian IT companies is a deals similar to that with Patni said Mustafa.

source: bpowatchindia