TORONTO and SIMI VALLEY, CA – Telus International is buying U.S.-based global IT consulting and software services company Xavient Information Systems for approximately US$250 million, the companies said Monday.
The Telus subsidiary is a global business process and IT services company with almost 28,000 employees around the world, including in Canada, the United States, Europe, Central America, the Philippines and the United Kingdom.
Xavient is headquartered in Simi Valley, California and has operations throughout the U.S. and in India, serving customers primarily in the telecommunications, media, entertainment, healthcare, and banking and financial services sectors.
Telus International said that the acquisition of Xavient will expand its global service offerings with the addition of advanced, next-generation IT consulting and delivery capabilities, including User Interface/User Experience (UI/UX), Open Source Platform services, Cloud services, Over-The-Top (OTT) solutions, Internet of Things (IoT), Big Data services, DevOps, and automation and digitization. The acquisition will also grow its capabilities in the U.S. and enhance its geographic diversity by expanding into India. These will be Telus International's first operations in India.
Under the agreement Telus International will initially acquire a 65% majority interest in Xavient with the right to acquire the remaining interest on or before December 31, 2020. While subject to customary closing conditions and regulatory approvals in the United States and India, closing is expected to occur before year end 2017.
