Monday, September 26, 2011

Sri Lanka PC House buys Internet research firm

Sept 26, 2011 (LBO) - PC House, a Sri Lankan information technology company, has bought a 90 percent stake in Infoserve (Private) Limited for 45 million rupees.

Infoserve is a company based in Sri Lanka providing Internet research services which operates under the 'athandz' brand name, a stock exchange filing said.

"This acquisition is in line with the PCH group's stated policy of increasing its reach in the BPO (business process outsourcing) and KPO (knowledge process outsourcing) space of the IT industry," the PCH statement said.

Infoserve is a firm approved by the island's investment promotion agency, Board of Investment, which provides incentives like tax breaks.

"'athandz' specialises in gathering, filtering and summarizing data on behalf of clients to suit their exact needs," the PCH statement said.

The firm gathers data by doing research on the Internet using both free and paid information sources including search engines, market intelligence portals and specialised and general news media websites, it said.

PC House was trading at 17. 40 rupees, up 40 cents, at mid-day Monday on the Colombo bourse.

PC House has said it is planning a 100-seat business process outsourcing centre in the island's northern Jaffna peninsula to provide accounting and back office services to the international market.

The company also has a firm revenue stream from computer hardware and software sales and setting up networks.

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