Chicago, IL (PRWEB) September 22, 2010
CRISIL (an S&P Company) announced today that it has signed an agreement to purchase the business of Pipal Research Corporation (Pipal), a leading player in the Knowledge Process Outsourcing (KPO) Industry for a consideration of US $12.75 million. CRISIL’s KPO division, Irevna, has consistently been ranked as the No.1 financial services and investment KPO firm by the Datamonitor Black Book of Outsourcing. The Irevna-Pipal combination will be uniquely positioned in the high-end research and analytics space with the widest range of services, geographic locations, and customer diversity. Pipal’s services, clients and delivery locations are complementary to Irevna’s, enabling the combine to further extend its leadership in the KPO industry.
Pipal, headquartered in Chicago, has been an innovator and leader in business research and investment research services. Its clients include leading global firms in the telecommunications, technology, consumer packaged goods, and industrial sectors, and in the financial services space. Pipal is headquartered in Chicago; USA has three research centers in India.
Sanjeev Arora, President & CEO, Pipal research commented “Pipal and CRISIL bring very high quality and complimentary knowledge services to the global markets and the combined entity will be very well positioned to continually lead the knowledge services markets world-wide”
Speaking of the acquisition, Roopa Kudva, Managing Director and CEO of CRISIL Ltd, said, “This is an important milestone in the CRISIL journey, enabling us to further strengthen our leadership position in the high-end KPO space. Pipal’s deeply embedded client relationships provide a strong platform for growth. The two organizations have complementary strengths, which will enable us to serve our clients better. We look forward to working with Pipal’s talented employees and providing them exciting career growth paths.”
About Pipal Research Corporation (http://www.pipalresearch.com)
Pipal Research,headquartered in Chicago, is a premium research and analytic services firm with delivery centers at three locations in India. Pipal Research provides financial and investment research, including, but not limited to equity research, fixed income research, portfolio reporting, financial due diligence, as well as custom business research in the areas of finance and banking, life sciences, consumer packaged goods and information technology.
About CRISIL Limited, a Standard & Poor's Company (http://www.crisil.com)
CRISIL is India's leading Ratings, Research, Risk and Policy Advisory Company. CRISIL’s majority shareholder is Standard & Poor’s. Standard & Poor’s, a subsidiary of The McGraw-Hill Companies, is the world's foremost provider of financial market intelligence.
Contact Info: Pipal PR: mpo(at)pipalresearch(dot)com, Phone: +1 312 798 2100