PORTLAND GROUP ACQUIRED BY INFOSYS BPO LIMITED | back |
January 2012
The shareholders of Portland Group have agreed to sell the company to Infosys BPO Limited (“Infosys”). Infosys is a global IT and Business Services organisation founded in India, it has a market capitalisation of around $30B, revenues around $6.6B and services many of the world’s leading companies in 30 countries. Infosys employs over 2,000 people in Australia and has over 1,000 staff in their sourcing and procurement practice globally.
The sale transaction was completed earlier this month and Infosys now owns 100% of Portland Group. Portland Group will retain its name and identity and will continue to operate as an independent company. Our current management team will all remain in place and continue to lead the business. We are completely committed to taking the business forward under Infosys’ ownership and continuing the success we have had over the last decade.
From a sourcing and procurement perspective, the combination of Portland Group and Infosys will provide Portland clients with a highly compelling proposition that does not currently exist in Australia. At Portland Group we have always sought to increase our capabilities and capacity in order to deliver value for our clients. Our recent focus has been on increasing our capabilities by developing deep category and functional procurement expertise in areas such as Logistics, Property, IT, Marketing, Procure to Pay and Engineering and Capital Projects. Through joining with Infosys we will further expand our capabilities to include a lower cost global footprint, increased technology enablement of our services and access to transactional procurement services that we do not currently provide. This will allow us to offer our customers a truly integrated and globally competitive solution to deliver procurement benefits in the most effective and efficient way possible.
In addition to sourcing and procurement capabilities, Infosys will also allow us to expand our supply chain management services where we will leverage Infosys offerings in supporting supply chain processes (e.g. supply chain visibility, inventory management and logistics optimisation). We believe this will also allow us to provide our clients with a suite of innovative service offerings to improve the efficiency of their supply chains.
Being part of Infosys will also provide us a greater ability to scale our services, this will further improve our ability to service many companies who are tackling large infrastructure and resource projects in a highly constrained environment for procurement and supply chain management skills.
Infosys has not acquired the Portland Global Sourcing business based in Shanghai, this entity has been acquired by the management team in China who are continuing to run this business under a new name.
