In November 2017 Quess acquired 51% Conneqt and increased its stake in Conneqt from 51% to 70% in May 2019 through an infusion of primary capital.
Business services platform Quiet Corp said on Friday that it will hold the remaining 30% equity stake of Tata Sons from Tata Sons. Will buy for 208 crores.
In November 2017 Quess acquired 51% Conneqt and increased its stake in Conneqt in May 2019 to 51% to 70% through infusion of primary capital, which was later used to acquire Allsec Technologies, CLM and HRO service provider Was done
The combined strength of Konset and Allsec will give Quess a greater foundation to expand its CLM and BPM capabilities with an emphasis on digital services and international expansion, Quess said in a statement.
Suraj Moraje, Group CEO and Managing Director of Quess Corp, said, “The consolidation of our holdings in CONCAT will further accelerate CONCAT’s transition to non-voice services, as there will be a commercial benefit from the virtual tailwinds of virtualization, digitization, and automation.” ‘
Conneqt is a customer life cycle management (CLM) and BPM services firm that operates 21 distribution centers and employs over 29,000 people.
With this transaction, Konkat will become a wholly owned subsidiary of Quess.
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