RR Donelley acquires OfficeTiger for $250 m

New Delhi, March 20 | Updated: Mar 21 2006, 07:10am hrs
US-based $8 billion document outsourcing firm RR Donnelley on Monday acquired Chennai based Office Tiger BPO for $250 million, in an all cash deal.

The deal will ramp up RRDs headcount to 6,000 in India. OfficeTigers brand name and management will remain the same. The deal will make the new entityone of the largest document based outsourcing firms in the world. OfficeTiger with a headcount of 4,000 in India currently offers research, analysis, accounting and para-legal services from its Chennai and Colombocentres.

The company was founded in 1999. Joseph Siegelman, founder and co-CEO of OfficeTiger said: The new partnership will provide huge scale and vastness to our current business expanding us in wider geographies.

As part of the new agreement, UK-based Astron BPOs Chennai and Sri Lanka units will become a part of OfficeTiger, all under the RRD umbella.

OfficeTiger will become the BPO division of RRD.

We see the combined OfficeTiger-Astron platform in the BPO space as defining a hybrid onsite-offshore solution that covers the US as well as Europe with a local presence on the ground. We will be adding to OfficeTigers strength in banking, publishing, legal and corporate customers, Astrons government, credit card and insurance clientele.