HCL BPO scouting for BPO firms in US, UK and Australia

HCL BPO, the business process outsourcing wing of HCL Technologies, is eyeing US, UK and Australia based BPO firms with revenues of up to $250 million.

The company had acquired two firms – UK-based Liberata Financial Services (LFS) and US-based Control Point Solutions –  last year.

HCL BPO aims to attain a revenue of $1 billion by 2010-11 and hopes that the acquired entities would contribute about 56% or $560 million to its revenues.

N Ranjit, CEO of HCL BPO, said that the company’s strategy is to buy loss-making or marginally profitable entities at low prices and turn them to profit making ones.