IBM to buy India's third largest backoffice company

I think it is time to move back to India now. :)

Here is an excerpt “…IBM, the world’s largest IT company, on Wednesday said it would acquire the country’s third largest BPO outfit, Daksh eServices, to add skills in strategic areas. Though IBM did not reveal the deal size, industry sources put the deal at Rs 700 crore (around $150 million), which is almost two-and-a-half times Daksh’s revenues for 2003-04.”

You can get the story <strong>here</strong> .