Former GE BPO Arm Gecis Makes Acquisition, Gears Up for Relaunch - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IT Leadership // IT Strategy

Former GE BPO Arm Gecis Makes Acquisition, Gears Up for Relaunch

Buyout of Creditek will add order-to-cash and receivables management services to Gecis' BPO offerings.

Ahead of a major rebranding initiative, Gecis Global, the former business-process-outsourcing arm of General Electric Co., disclosed Thursday that it has made its first acquisition since spinning off from its parent company about six months ago.

Gecis of Delhi, India, says it has acquired Creditek Corp., a Parsippany, N.J., provider of order-to-cash and receivables-management services. Terms of the deal weren't disclosed. Creditek's "strong domain expertise and U.S. presence" made it an attractive target for the company, says Pramod Bhasin, Gecis' president and CEO.

It's likely that Gecis will consider acquiring other vendors that will enhance the company's ability to provide outsourced business services in fast-growing areas such as finance and accounting, Bhasin says.

Gecis will soon reveal a new name and branding initiative to establish its presence as an independent service provider. Last year, private equity firms General Atlantic and Oak Hill Capital Partners purchased 60% of the company from GE. The marketing campaign may be more low key than those conducted by some of the company's rivals, Bhasin says. "I can't afford Tiger Woods," says Bhasin, referring to Accenture ads featuring the champion golfer. Bhasin says Gecis should be fully relaunched "in about four weeks."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Blockchain Gets Real Across Industries
Lisa Morgan, Freelance Writer,  7/22/2021
Seeking a Competitive Edge vs. Chasing Savings in the Cloud
Joao-Pierre S. Ruth, Senior Writer,  7/19/2021
How CIO Roles Will Change: The Future of Work
Jessica Davis, Senior Editor, Enterprise Apps,  7/1/2021
White Papers
Register for InformationWeek Newsletters
Current Issue
Monitoring Critical Cloud Workloads Report
In this report, our experts will discuss how to advance your ability to monitor critical workloads as they move about the various cloud platforms in your company.
Flash Poll