ClientLogic and SITEL Corporation, both global providers of outsourced customer support services, announced that ClientLogic has completed its acquisition of SITEL Corporation by merger. Under the terms of the definitive agreement announced in October 2006, ClientLogic paid $4.25 per share in cash for all of the outstanding common stock of SITEL. SITEL's shareholders approved the acquisition on January 12, 2007.
The combined company is headquartered in Nashville and has over 65,000 associates across 28 countries. The combined company's revenue of $1.8 billion is generated by providing world-class solutions from on-shore, nearshore and offshore locations across 145+ facilities throughout North America, South America, EMEA and Asia Pacific. Dave Garner, formerly president and CEO of ClientLogic, is the president and CEO of the combined company.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access