One Level One Options, a number one Enterprise Course of Administration firm, has acquired a majority stake in ITCube Options an IT and BPM/KPO providers firm, for an undisclosed quantity.
The acquisition will allow One Level One Options to develop its present verticals, together with healthcare and IT providers enterprise.
ITCube Options offers software program improvement, Enterprise Course of Outsourcing and IT-enabled providers to clients, companions and places of work worldwide.
ITCube, which has places of work in Pune and Ohio (the US), is within the enterprise for over 20 years. The debt-free and worthwhile firm has over 600 professionals servicing the healthcare and building sectors.
The corporate has over 30 main manufacturers throughout the US, England, Netherlands, Germany, Kuwait, Oman, UAE, Qatar, India, Singapore and Australia, with a powerful 10+ shoppers serviced within the final 15 years.
The consolidated turnover of ITCube within the monetary 12 months ended March 31, 2023, was ₹54 crore with an EBITDA of ₹12 crore.
Akshay Chhabra, Managing Director, One Level One Options, mentioned the strategic transfer not solely offers scope for enterprise enlargement but additionally signifies the corporate’s dedication to innovation, progress and solidifying presence within the World stage.
The synergies between each firms will assist navigate future challenges and alternatives impeccably, empowering to ship unparalleled worth to shoppers and stakeholders, he mentioned.
India is likely one of the most popular locations for organising World Functionality Facilities. The IT trade accounts for 7.4 per cent of India’s GDP and is projected to be 10 per cent in 2025. India additionally accounts for 40 per cent of world sourcing spending.
World Healthcare BPM market, is projected to develop to $491 billion by 2027, at a CAGR of 12 per cent globally. Value optimisation in healthcare firms is driving progress for outsourcing.
