PR News wire

 

 

 

 

 

Navigant Technologies Acquires Delhi-based Quick Call

 

GURUGRAM, India, July 5, 2017  PR News wire

 

Navigant Technologies, the leading Indian outsourcing company, announced its first acquisition, by taking over New Delhi-based specialized outsourcing firm Quick Call, for an undisclosed amount.

"In India, there will be further consolidation in outsourcing space, we intend to grow both organically and inorganically. Quick Call was best strategic fit for Navigant Technologies and we are excited to have Quick Call as a part of Navigant going forward," said Ankur Bhatia, Founder and CEO of Navigant.

The startup was founded in 2012 by Neeraj Tyagi to work on different verticals and has a footprint across several niche Industry domains .

 

Tyagi highlighted the importance of this acquisition for the company. "In order to take Quick Call to next orbit, it needed an anchor like Navigant, we are very excited about the potential possibilities," he emphasized.

 

Raju Moza, Board of Director, Navigant Technologies, who was the architect of this transaction, said, "It's not a simple transaction of cash and equity swap, it involves a lot of future annuities staggered on various performance benchmarks."

 

About Navigant Technologies: 
Navigant is a specialist outsourcing firm. The organization's core strengths as a domain and process-led BPO company include a seasoned management and operations team, a highly demonstrable track record of seamless process migration and consistent service delivery keeping them at the top of the game in the offshore BPO space.

 

About Quick Call: 
Quick Call is specialised outsourcing firm based out of New Delhi, catering to niche processes. The company has been catering to wide variety of customers and sectors. 

 

 

Media Contact:
Ankur Bhatia
CEO, Navigant
ankur@navigant.in

Navigant Technologies Private Limited.

223 Udyog Vihar Phase IV,
Gurgaon - 122015
India

Tel: +91. 124. 2340130


Web: www.navigant.in 

General Enquiries 
info@navigant.in

Business Enquiries 
business@navigant.in

Jobs Enquiries
jobs@navigant.in

 

Employee Verification Enquiries
verifications@navigant.in

 

 

Trusted Outsourcing Partner Since 2003

 

 

Copyright © 2016 Navigant Technologies Private Limited. All rights reserved.

Trusted Outsourcing Partner Since 2003
info@navigant.in  |  +91. 124. 2340130

Outsourcing Firm Navigant Technologies Acquires Quick Call

This Is Navigant's First Acquisition Since It Started Operations In 2003  Team Inc42 July 5, 2017

 

Outsourcing firm Navigant Technologies has acquired Delhi-based specialised outsourcing company Quick Call for an undisclosed amount. The acquisition was done in a bid to strengthen its presence in the Indian outsourcing realm.

This is Navigant Technologies’ first acquisition since it started operating back in 2003.

 

Commenting on the latest development, Navigant founder and CEO Ankur Bhatia said,“In India, there will be further consolidation in outsourcing space, we intend to grow both organically and inorganically. Quick Call was the best strategic fit for Navigant Technologies.”

 

Headquartered in Gurugram, Navigant caters to international clients, including some of the biggest Fortune 500 companies. As an outsourcing firm, its expertise lies in BPO and KPO services, customer management as well as research and analytics. Navigant’s risk advisory services are aimed at helping fledgeling businesses optimise their overall performance.

 

 

Elaborating on the deal, Raju Moza, a member of Navigant’s Board of Directors added, “It’s not a simple transaction of cash and equity swap, it involves a lot of future annuities staggered on various performance benchmarks.”

 

Established in 2012 by Neeraj Tyagi, Quick Call is a startup that handles business research, development campaigns and customer support for niche companies in a range of different sectors. It especially helps event and exhibition organisers with research, sales, sending invites and reminders as well as round-the-clock customer assistance.

 

The acquisition, Tyagi believes, will help the startup reach next level growth.

India’s outsourcing and BPO industry is currently the largest in the world, worth over $186 Bn. Low-cost and high-quality of service has catapulted it into the status of global leader, serving more than 36% of the world’s total outsourcing needs.

 

In recent years, mounting competition from other Asian countries, such as Indonesia, Vietnam, Sri Lanka and the Philippines, has greatly affected the growth of the Indian outsourcing realm. Current outsourcing options like BPOs/BPMs require high initial and recurring fixed costs, are operationally intensive and inflexible. Today’s businesses need a quick setup and instant turnaround allowing operations to move quickly.

 

A recent report by NASSCOM points to a declining growth projection from 12% for 2014-15 to 10% for 2016-17. Changing technology needs and the emergence of new artificial intelligence-based services has made the future of the once-thriving industry uncertain.

 

Companies competing against Navigant include Squad (previously known as SquadRun) and Ajay Agarwal-founded SirionLabs. So far, Gurugram-based SirionLabs has raised nearly $16 Mn funding from investors like Sequoia Capital, Canopy Ventures, ASEAN Fund and QualGro. In April of this year, Delhi-based work automation platform Squad raised $1.2 Mn from India and Valley-based investors including Blume Ventures, Contrarian Capital, 91springboard, Emergent Ventures, Abstract Ventures, Anthill Ventures, and Axilor Ventures. With the acquisition of QuickCall, Navigant Technologies will look to combat existing incumbents as well as threats from fellow Southeast Asian countries.