Phil Elliott
15:27 (BST)
01/07/2008
Quatrro acquires Babel Media
Quatrro BPO Solutions has agreed a deal to acquire localisation and testing firm Babel Media for a sum thought to be in the region of USD 25-30 million.
Quatrro, based in India and run by Raman Roy, is also considering a move for another company in the US, according to a report in Business Standard.
Babel Media, whose headquarters are in the UK, employs around 500 staff at offices in Brighton, Los Angeles, Montreal and New Delhi, and Roy believes the deal will add significantly to Quatrro's existing portfolio.
"This is our biggest acquisition in terms of profitability, topline and bottom line and I see this move as an intergral part of Quatrro's agenda of 'Going Beyond the Existing' and building strategically important businesses in undeserved and uncontested market spaces," he said. "With this acquisition, we have bought India into the gaming testing and localisation space."
Babel co-founder Algy Williams will become a non-executive director following the merger.
To comment on this article, or view other users comments, you need to register for the GamesIndustry.biz Network.
Wrath of the Lich King breaks first day sales record
Blizzard's second expansion sells 2.8 million units to become the fastest-selling PC title ever
Google pulls plug on Lively
Virtual world to be canned in December as company admits social and gaming experiment was unsuccessful
Traffic light ratings to go live this spring
PEGI to drop current imagery in favour of more universal labelling, but UK may not get new ratings at all
