Coforge announced that it has signed definitive agreements to acquire a controlling interest in SLK Global Solutions (SLK Global), a business process transformation enterprise offering BPM and digital solutions for the financial services industry.
A fast-growing business with a robust operating profile, SLK Global has deep domain expertise in the banking and insurance segments in North America. It enjoys multiple long-standing and scalable relationships with marquee clients with strong growth potential, including with Fifth Third Bank, N. A., which in addition to being the largest customer, is also a significant minority shareholder. It has also created a suite of platform solutions that provide a differentiation to its clients.
Coforge has signed definitive agreements to acquire a controlling interest in SLK Global Solutions, a business process transformation enterprise offering BPM and digital solutions for the financial services industry.
A fast-growing business with a robust operating profile, SLK Global has deep domain expertise in the banking and insurance segments in North America. It enjoys multiple long-standing and scalable relationships with marquee clients with strong growth potential, including with Fifth Third Bank, N. A., which in addition to being the largest customer, is also a significant minority shareholder. It has also created a suite of platform solutions that provide a differentiation to its clients.
Coforge is acquiring a strategic stake in SLK Global Solutions (Investee Company). The acquisition will enable Coforge acquire a new Top-5 client, substantially scale up its current BPM operations business, strengthen its presence in the Financial Services vertical, and noticeably expand its footprint in the US geography.
Additionally, Coforge sees significant synergies across its $ 100Mn Automation practice and the Investee Company BPM business, enabling the combined entities to drive differentiated impact in the market. This acquisition will also add an Indian Tier-3 city location capability to Coforge and enable it to compete for large deals with a material BPO/BPM operations component.