Bengaluru (Karnataka), April 16 -- : Business services platform Quess Corp on Friday announced the acquisition of 30 per cent stake in Conneqt Business Solutions after the put option notice by Tata Sons.
With this transaction, Conneqt will become a wholly-owned subsidiary of Quess. Conneqt is a leading contract lifecycle management (CLM) and business process management (BPM) services provider in India and operates more than 21 delivery centres with over 29,000 employees.
Quess had acquired 51 per cent of Conneqt in November 2017 and further increased its stake to 70 per cent in May 2019 via infusion of primary capital which was used to fund the acquisition of Allsec Technologies, a listed CLM and HRO services provider.
Conneqt has perfor...