Infosys BPO, the business processing outsourcing subsidiary of Infosys Technologies, inked a definitive agreement to acquire all of the outstanding interests of McCamish Systems, a premier business process solutions provider, based in Atlanta, Georgia in the United States. The acquisition is expected to be completed later this year subject to the satisfaction of certain closing conditions.
The upfront consideration for the deal is USD 38 million with up to an additional USD 20 million payable to the sellers if McCamish Systems achieves certain financial targets in the future. The acquisition is expected to enhance the capability of Infosys to deliver end-to-end business solutions for the insurance and financial services industries.
Founded in 1985, McCamish Systems provides innovative solutions to the insurance and financial services industries leveraging their proprietary VPAS®, PMACS and Deferral+® platforms. Consistently rated among the top platforms in the industry, VPAS® supports both traditional and non-traditional life insurance and annuities.
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