Slashdot Mirror
IBM Snags Leading Indian Outsourcing Firm
theodp writes "In one of the biggest foreign acquisitions in India in the past few years, according to ZDNet, IBM will pay an estimated $150-$200 million to acquire Daksh, India's third-largest back-office services company. The deal will give IBM access to privately held Daksh's 6,000 employees, who mainly offer call center services to 13 clients, including Amazon.com."
Daksh is one of the biggest call center operations company in India. It was an early mover and has built up a significant repository of top clients in US. Infact there is an army of employees working for them and you can see many of their ads in the local newspapers every week for hiring new people. Interesting fact is that Citigroup and General Atlantic Partners and Actis hold 2/3rd of the equity in the company. This deal is going to make the Chief Executive and some employees in Daksh and the equity companies millionaire's overnight. Infact they recently opened a center in Philippines so it gives IBM the foot print in India as well as Philippines. IBM snatched a big one here!
I hate to come off as the party pooper, but this joke is: A) Very Old (predates all of these tech companies and is probably older than than poster -- used to be told about college students, navy/army, various other competing entities). B) Scientifically suspect. Even if you don't piss on your hands, handling your johnson exposes your hands to coliform bacteria that is generally harmless to yourself but could be a problem for others. So even if you don't piss on your hands, you should still wash them before you go around touching everything at work, you dirty hippy.