Infosys Consulting acquires Singtel’s delivery centre in Malaysia for $4.4 mn

Bangalore: Infosys Consulting Pte. Ltd., a wholly owned subsidiary of Infosys Ltd, said on Wednesday that it has acquired 100% of the share capital of Singapore Telecommunications Ltd’s  (Singtel) Delivery Center in Malaysia - Global Enterprise International Malaysia - for SGD 6 million (approximately $4.4 million).

The acquisition is intended to strengthen the company's presence in Malaysia as a strategic hub for delivery and sales in Southeast Asia for global clients.

"This move is also in line with Infosys' long-term strategy for communications, media and technology (CMT) strategy, including a platform-led transformation of the customer experience and service for customers," Infosys said in a statement.

This comes at a time when Indian IT services companies are trying to expand their consulting practices to compete with global peers like Accenture and Capgemini. Bengaluru-based Infosys was one of the first companies in India's technology services ecosystem to implement a dedicated management consulting arm in 2004.

Incorporated in 2013, Global Enterprise International Malaysia is a subsidiary of Singtel Corporation based in Kuala Lumpur, Malaysia. It acts as a delivery center to provide customer experience and technology services to Singtel.

Global Enterprise International Malaysia generated revenue of MYR 67.4 million 67.4 million (about $16 million) for the fiscal ended 31 March 2021.

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