Genpact To Buy Headstrong For $550 Mln Cash

News ), a provider of business process and technology management, Wednesday announced a definitive deal to acquire consulting and IT services provider Headstrong Corp.
for $550 million cash. Genpact expects the transaction to be earnings per share accretive this year.
Headstrong, with about 3,700 employees in seven countries, has expertise in several segments of the capital markets industry, such as asset management, derivatives, wealth management, prime brokerage, reference data, compliance and mortgages.
The company also generates a significant amount of revenue from employees who are onsite with clients in the U.S., the UK and Japan.
In 2010, Headstrong generated revenues of approximately $217 million.Hamilton, Bermuda-based Genpact offers a broad portfolio of enterprise and industry-sp…

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