Symbio acquired by VXI Global Solutions
LOS ANGELES / SINGAPORE, Jan. 19, 2015 – VXI Global Solutions (VXI), a global leader in Business Process Outsourcing (BPO) and IT Outsourcing (ITO) services announced today its acquisition of Symbio, a provider of Outsourced Product Development (OPD) services and a Tigris Capital portfolio company since 2006 after the merger with Singapore-registered Ethos Technologies Pte Ltd.
Through the acquisition, VXI will gain innovative software product development, design, and quality assurance capabilities from Symbio. The expanded company will be able to enhance the entire end-to-end customer value chain by providing all processes from customer sales and services to product development and service delivery. VXI is a Bain Capital portfolio company and after the acquisition will employ 17,000 experts across the United States, Europe, South America and Asia-Pacific. The combined company will continue under the two brands for the time being.
About VXI Global Solutions
VXI Global Solutions (VXI) is a leading provider of business process and information technology outsourcing services to its clients. VXI specializes in call center and BPO services, software development, quality assurance testing, and infrastructure outsourcing. VXI creates custom solutions in business-to-business and business-to-consumer applications which allow clients to achieve success in their market goals. VXI applications leverage emerging and classic communication channels. VXI’s services range from complete call center services, to maintaining applications, to building solutions using superior tools and technologies. VXI is head quartered in Los Angeles, USA. www.vxi.com
Symbio established in 1994, is an international co-creation technology partner that helps its customers create high quality products and future innovations. By combining cutting-edge technological know-how, advanced global delivery networks and customized solutions, Symbio enables high-quality software product development quickly, cost-effectively and innovatively. Symbio’s customers include Alibaba, BNP Paribas, Google, HSBC, Intel, Microsoft, and Volvo. Symbio has eight development centers and offices across the U.S., Europe and Asia. www.symbio.com
About Bain Capital
Bain Capital, LLC (www.baincapital.com) is one of the world’s foremost privately-held alternative investment firms, with approximately $80 billion of assets under management in several pools of capital including private equity, venture capital, public equity, credit products and absolute return. Bain Capital’s more than 400 professionals are collectively the single largest investor in all of its funds and are dedicated to investing in and building its portfolio companies. Founded in 1984, Bain Capital has made private equity, growth, and venture capital investments in more than 450 companies around the world, and has deep experience across key vertical industries including consumer/retail, financial services and institutions, healthcare, industrials, and technology, media and telecommunications. Bain Capital has offices in London, Dublin, Munich, Boston, New York, Chicago, Palo Alto, Tokyo, Shanghai, Hong Kong, Mumbai and Melbourne.
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