India BPO Firm Buying Trinity Partners

WNS Global Services, an India-based business process outsourcing firm, is acquiring Tucson, Ariz.-based Trinity Partners, a BPO and information technology provider, in hopes of strengthening its operations in the mortgage and financial services BPO market.As a result of the acquisition, WNS will acquire all of Trinity's infrastructure, employees, and client contracts, including a $60 million multiyear outsourcing contract with U.S. wholesaler First Magnus Financial Corp. "The Trinity executive management team, including its CEO, Vivek Shivpuri; Amit Gujral, head of client services; Francesco Paola, head of sales and marketing; and Arvind Srivastava, MD (India), CFO; will continue to hold strategic positions within the new entity," the companies said. All Trinity employees are slated to move to the newly opened WNS facility in Gurgaon, India, within two months. Other terms of the transaction were not disclosed.