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Saturday, March 11, 2006
TPI and EquaTerra, two of the industry’s leading providers of advice on the service delivery strategies for large enterprises, have announced that their merger agreement, signed in February 2006, has been terminated by mutual consent of the parties. The deal would have resulted in a 500 plus employees strong outsourcing and shared services consultancy. . TPI has been feeling quite gungho after the merger with EquaTerra was announced – One top TPI source told me that TPI is geared with the acqusiition to competing with Mckinsey’s & Bain’s in the outsourcing advisroy space and and they were hopeful of clocking hypergrowth in the next few years post merger. I am sure that even with this firms like TPI, Everest Group & Equaterra would continue to clock heady growths.While the details of why this was called off have not come in so far, it may be interesting to point out that Arcon Group also recently snapped its ties with TPI.
Category :Acquisitions, Advisory Firms, Emerging Trends |
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