Wednesday, December 27, 2006

3i Infotech eyes companies with products in insurance

3i Infotech is looking for acquiring companies with software products in the life insurance or trade finance verticals. 3i Infotech, formerly known as ICICI Infotech, is a leading provider of software and IT solutions, including packaged applications for the banking, financial services and insurance (BFSI), manufacturing, and retail and distribution industries. It has already made 19 acquisitions so far, having bought, earlier this year, majority stake in Professional Access and E-Enable.

The company is also keen to acquire domestic Business Process Outsourcing (BPO) firms that offer expertise cheque truncation, credit verification, soft recovery and soft collections. The company is in preliminary stages of talks with potential candidates.

For more details, read The Economic Times article.

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