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 Brigade Corp Buys Webhelp Global Services


HYDERABAD, DEC. 17: Brigade Corporation announced the acquisition of Webhelp Global Services in an all cash deal, effective December 1. Simultaneously, it announced expansion plans with investments of Rs. 22 crores in Hyderabad and Rs. 7 crores in Chennai in the next 12 months.

The company, one of the major business process outsourcing solutions and customer relationship management companies in Hyderabad, has 1400 employees, including 1,000 in Hyderabad (including 400 of Webhelp), 40 in the U.S., and 350 in Chennai. The expansion plan will take it to 3,000 head count in 2005.

The Chairman and Chief Executive Officer, Sri Dasari, said at a press conference here on Thursday they were looking at listing in India or in the U.S. by 2005-end. They have acquired four acres in Madhapur here to build a 1.50 lakh sq. ft. facility. In Chennai, they are acquiring a 50,000 sq. ft. facility.

The zero debt company is also looking at some more acquisitions like Webhelp, he said




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