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TeamLease to buy IT staffing arm of eCentric

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The Economic Times
12th February, 2019 09:48 IST

BENGALURU: TeamLease Services said it would acquire the staffing business of Hyderabad-based eCentric Solutions through a business transfer agreement, as it looks to tap a bigger pie of organised staffing for technology sector.

TeamLease Digital, a wholly-owned subsidiary of TeamLease, and eCentric Solutions signed a definitive agreement on Monday to buy the IT staffing business of eCentric by way of business transfer or slump sale arrangement, said the company in a press release.

The IT staffing vertical of eCentric Solutions has an annual turnover of Rs 45 crore.

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