Skyline Global Outsourcing Update

Crisil, the Indian affiliate of Standard & Poor’s, has acquired Chicago-headquartered knowledge process outsourcing company Pipal Research from FirstSource Solutions for $12.75 million. The rating agency said it plans to expand its research business into China. Pipal Research provides research services to top corporates in North America and Europe. It was founded in 2001 by former McKinsey professional Manoj Jain who is also its current chairman. The company reported $8.1 million revenue for FY10. We have been in the high-end offshoring business for over five years following our acquisition of Irevna. Irevna currently has a strong base among finance and insurance companies with six of the top ten banks as its clients. The unique takeaway for us is Pipal’s strong presence in the corporate sector said Crisil MD Roopa Kudva.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).