Quatrro buys Babel
Raman Roy’s Quatrro BPO Solutions has acquired UK-based Babel Media, provider of specialist services to the online games and interactive entertainment industry. This is Quatrro’s sixth acquisition and industry experts peg the deal in the range of $25-30 million (Rs 110-130 crore).
“The acquisition is part of the company’s agenda of building strategically important businesses in undeserved and uncontested market spaces. With the acquisition, we have brought the games testing and localisation segment to the country,” said Raman Roy.
The acquisition has been funded through both debt and equity route. A report by Pricewaterhouse Coopers estimated that the gaming industry to grow by about 30-40 per cent to $27 billion (about Rs 115,180 crore) to $68 billion (Rs 295,120 crore) by 2012.
Quatrro is also planning a tie-up with a US-based company, which will be finalised soon. Besides, the company is also evaluating 11 new verticals in the country and will expand gaming in eastern Europe also.
Quatrro will do testing and localisation of games and the firm is also is the process of adding its human source. Algy Williams, co-founder of Babel, will take on the role of a non-executive director in the firm.
