Genpact to acquire Headstrong for $550 Million

Genpact Limited has announced that it has signed a definitive agreement to acquire Headstrong Corporation, a global provider of comprehensive consulting and IT services with a specialized focus in capital markets and healthcare, for cash consideration of $550 million.

Genpact expects the transaction to be accretive to earnings per share on a GAAP basis in 2011. The transaction is being funded by a combination of existing cash and acquisition financing, and is expected to close by May 31, 2011, subject to customary regulatory and other conditions.

Headstrong is a complementary high-growth business, built by talented leaders, that is an excellent fit strategically, financially, operationally and culturally. With this acquisition, we are gaining critical domain and technology expertise in the complex, but highly attractive, capital markets industry vertical. This expertise combined with our capabilities in Business Process Management (BPM) and Smart Decision Services that encompass analytics and reengineering will create a uniquely powerful value proposition for clients, said Pramod Bhasin, President and CEO of Genpact.

According to Sandeep Sahai, CEO of Headstrong, Our companies combined offerings create a compelling value proposition, with significant potential to offer Genpacts extensive expertise in business process management, reengineering, high-end analytics and infrastructure support to our clients. We are also excited about adding our capabilities to Genpacts strong client portfolio in the banking, financial services and insurance markets. Our geographical footprint will also increase, allowing us to provide these enhanced services from more locations, including in the U.S., Mexico, Poland, Hungary and China. Finally, we are all thrilled to join the Genpact team.

Genpacts SEPSM framework and Smart Decision Services will complement Headstrongs technology and domain capabilities. As a result, the newly-expanded company will be able to meet the growing needs of companies in the capital markets, financial services and healthcare verticals for governance, risk, compliance and back-office processing services. Sandeep Sahai and his management team will lead Genpacts capital markets industry vertical and build the combined services and solutions that clients are seeking. Sneakers Ash Shoes