Ayala Corp have undertaken the sale of its BPO unit to Convergys in a deal valued at $820.
The Ohio based customer management and information management Product Company is expected to complete the purchase of the BPO unit called Stream at the end of the first quarter.
The purchase will lead to the creation of a company with a combine revenue of over $3 billion, with more than 125,000 employees operating in 35 different languages.
Convergys President and and chief executive Andrea Ayers, said: “This acquisition is an important step forward in our plan for strategic growth and value creation."
She added that: “We believe this combination will strengthen Convergys by diversifying our client base and enabling us to offer a wider range of customer transactions in a more cost effective manner from multiple geographies, at scale".
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