Wednesday, 1 April 2015

Eclerx buys CLX Europe

Eclerx is an Indian knowledge process outsourcing company based in Mumbai. Eclerx is a public limited company whose shares are listed on the Bombay Stock Exchange and National Stock Exchange of India. In April 2012, Eclerx acquired Agilyst Inc. to grow its footprint in the U.S. cable and telecom industry.
Recently, KPO Company said it agreed to buy Italian Digital services firm CLX Europe for not more than 25 Million euros, as it looks to increase its retail business and expand into Europe. CLX Europe helps create, manage and deliver media content to support marketing, communication, and branding for retail companies. It has more than 75 clients including leading UK and European retailers, publishers and luxury goods companies. It employs about 300 people.

CLX will operate as a subsidiary of Eclerx services and its current management team will continue to manage day to day operations. The transaction will be funded through Eclerx internal accruals. Eclerx offers data analysis and data process solutions to the retail, manufacturing, and financial services industries. This is the only significant listed company in the country in the KPO space. The firm has five delivery centers in Mumbai, Pune, and Chandigarh.

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