Genpact buys Headstrong
07 April 2011 New York
Image: Shutterstock
Genpact has agreed to acquire Headstrong Corporation, a global provider of comprehensive consulting and IT services with a specialised focus in capital markets and healthcare, for $550 million.
Headstrong operates in several segments of the capital markets industry vertical, such as asset management, derivatives, wealth management, prime brokerage, reference data, compliance and mortgages. With a strong mix of onsite and offshore expertise, Headstrong counts nine of the world’s top ten investment banks and three of the top five asset managers as clients.
“Headstrong is a complementary high-growth business, built by talented leaders, that is an excellent fit strategically, financially, operationally and culturally. With this acquisition, we are gaining critical domain and technology expertise in the complex, but highly attractive, capital markets industry vertical. This expertise – combined with our capabilities in business process management (BPM) and Smart Decision Services that encompass analytics and reengineering – will create a uniquely powerful value proposition for clients,” said Pramod Bhasin, president and CEO of Genpact.
Headstrong operates in several segments of the capital markets industry vertical, such as asset management, derivatives, wealth management, prime brokerage, reference data, compliance and mortgages. With a strong mix of onsite and offshore expertise, Headstrong counts nine of the world’s top ten investment banks and three of the top five asset managers as clients.
“Headstrong is a complementary high-growth business, built by talented leaders, that is an excellent fit strategically, financially, operationally and culturally. With this acquisition, we are gaining critical domain and technology expertise in the complex, but highly attractive, capital markets industry vertical. This expertise – combined with our capabilities in business process management (BPM) and Smart Decision Services that encompass analytics and reengineering – will create a uniquely powerful value proposition for clients,” said Pramod Bhasin, president and CEO of Genpact.
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