One Point One Solutions Acquires Majority Stake in ITCube Solutions for Rs. 84 Crore

In a significant move aimed at bolstering its global presence, One Point One Solutions, a leading player in Business Process Management (BPM) services, has announced the acquisition of a majority stake in ITCube Solutions Pvt Ltd. The deal, valued at Rs. 84 crore, marks a strategic maneuver to strengthen One Point One Solutions' foothold in key markets and expand its service offerings.

ITCube Solutions, headquartered in Pune and Cincinnati, Ohio, brings to the table a wealth of experience in IT and BPM/KPO services. With over two decades of operations and a workforce of over 600 professionals, ITCube Solutions has carved a niche for itself in Software Development, Business Process Outsourcing, and IT-enabled Services, particularly in sectors like Healthcare and Construction.

Commenting on the acquisition, Akshay Chhabra, Managing Director of One Point One Solutions, underscored its significance in propelling the company towards global leadership. He highlighted the strategic synergy between the two entities and expressed confidence in the expanded capabilities and market reach resulting from the partnership.

The acquisition is poised to unlock new opportunities for One Point One Solutions, particularly in the critical U.S. market and the burgeoning Healthcare sector. With India emerging as a preferred destination for Global Capability Centers (GCCs) and the global Healthcare BPM market witnessing rapid growth, the timing of the acquisition aligns well with industry trends and market dynamics.

Chhabra emphasized the company's commitment to innovation and excellence, citing the transformative potential of the acquisition in setting new standards for BPO, KPO, and IT services globally. As One Point One Solutions embarks on this new chapter of growth and expansion, it aims to leverage the combined strengths of both organizations to drive value for its clients and stakeholders.

The acquisition of ITCube Solutions represents a strategic milestone for One Point One Solutions, signaling its intent to play a leading role in the global outsourcing landscape. With a focus on agility, adaptability, and strategic foresight, the company is poised to capitalize on emerging opportunities and chart a path towards sustained success in the dynamic and competitive business environment.