New Delhi: NIIT Technologies on Tuesday said it has signed an agreement to acquire US firm Sabre Holdings' Philippines Development Center for an undisclosed sum.

"The acquisition fits well with our strategy of 'Focus and Differentiate' and enhances our global delivery footprint," NIIT Technologies Chief Executive Officer Arvind Thakur said in a statement.

Sabre is a global technology company which provides solutions for the travel industry and is also a key customer of NIIT Technologies, it added.

The statement further said that Manila is a proven destination for Business Process Outsourcing (BPO) services and NIIT Technologies will provide services to Sabre and its other customers from the Manila centre, which has a capacity of 200 seats with opportunity for expansion.

"Asia-Pacific is an important growth region for Sabre and the industry and we believe this move helps further strengthen our established relationship with NIIT Technologies and positions Sabre for greater growth within APAC," Sabre's Chief Information Officer Barry Vandevier said.
 
NIIT Technologies President Lalit Dhingra said that the acquisition will enhance company's deep domain knowledge with the expansion in our strong talent base.

"We welcome Sabre's Manila team to NIIT Technologies as we strengthen our travel services offerings in the region," Dhingra said.

(Agencies)

Latest News from Business News Desk