TELUS International, a business process and information technology services provider, is set to buy US-based software services company Xavient Information Systems for $250 million.
Headquartered in Simi Valley, California, Xavient has 1,800 employees with operations throughout the U.S. and in India, serving customers primarily in the telecommunications, media, entertainment, healthcare, and banking and financial services sectors.
This acquisition of Xavient will accelerate TELUS International’s aim to expand its service offerings with the addition of 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 advance TELUS International’s commitment to 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.
TELUS International will initially acquire a 65 percent stake in Xavient with the right to acquire the remaining interest on or before December 31, 2020.
TELUS International has almost 28,000 employees around the world, including in Canada, the United States, Europe, Central America, the Philippines and the United Kingdom. It has over 200 million customer interactions supported annually via voice, email, chat and social media, across tech, financial services and fintech, gaming, travel and hospitality, and healthcare industries.