Fidelity National Information Services has expanded its
Indian business processing outsourcing business with the
acquisition of Second Foundation.
As a result of the acquisition, US-based Fidelity’s wholly owned
subsidiary, Fidelity Business Solutions India, now operates in both
Bangalore and Chandigarh, India.
Second Foundation has extensive experience in outsourced product
development, quality assurance and business intelligence services,
as well as implementation services of third-party software
applications.
Fidelity already had more than 2,000 India- and
Philippines-based staff contracted through strategic partners. As a
result of the acquisition, Fidelity has expanded its staff by more
than 600 and broadened its service offerings.
“Having a wholly-owned India-based global delivery capability
strengthens our current ability to provide competitive, cost
effective and innovative services and solutions to customers,” said
Shahid Charania, president of Fidelity Business Solutions
India.
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