One Point One Solutions Strengthens Global Presence & Market Leadership through majority stake acquisition in ITCube Solutions for Rs. 84 crore
The acquisition propels the company onto the global stage and enriches its existing portfolio with expanded IT services and verticals, fostering a broader market reach
One Point One Solutions, a leader in next-generation Business Process Management (BPM) services, has announced the acquisition of a majority stake in ITCube Solutions Pvt Ltd which is an IT + BPM/KPO services company headquartered in Pune and Cincinnati, Ohio. This acquisition will enable One Point One Solutions to expand its current verticals, including healthcare and offerings in IT services.
IT Cube Solutions is a premier provider of Software Development, Business Process Outsourcing and IT-enabled Services with customers, partners & offices worldwide. The over two-decade-old professionally run, debt-free, profitable company with 600+ professionals servicing BPM & software operations offers cutting-edge operations & digital solutions in the Healthcare & Construction space. The company has 30+ leading brands across the USA, England, Netherlands, Germany, Kuwait, Oman, UAE, Qatar, India, Singapore & Australia, with an impressive 10+ clients serviced in the last 15 years. The consolidated turnover (revenue from operations) of ITCube for the financial year ended March 31, 2023, was Rs. 53.57 crore with an EBITDA of Rs. 12.15 crore.
Akshay Chhabra, Managing Director, One Point One Solutions said, “This strategic move represents more than just an expansion of our business—it signifies our commitment to Innovation, Growth, and Solidifying our presence on the Global stage. IT Cube Solutions brings a wealth of expertise and experience in IT + BPM/KPO services, with a strong foothold in Pune and Cincinnati, Ohio.
This acquisition embodies a transformative milestone. It broadens our verticals and enriches our capabilities to cater to clients across diverse industries. The synergies between our companies ignite a spark of collaborative innovation, propelling us to unprecedented success. This strategic move significantly amplifies our growth trajectory, particularly in the U.S. market, fortified by our newfound expertise in the Healthcare sector and expanded IT service offerings. It positions us to navigate future challenges and opportunities impeccably, empowering us to deliver unparalleled value to our clients and stakeholders.”
Furthermore, he envisages this acquisition as more than just a business transaction; it represents a transformative journey towards becoming a global outsourcing leader. By leveraging both organisations’ combined expertise, resources, and talent pool, the company aims to set new benchmarks for excellence and innovation in delivering BPO, KPO, and IT services worldwide.
In embracing this vision, he underscores the importance of agility, adaptability, and strategic foresight in navigating the complexities of the global marketplace. Through bold and decisive action, the company is poised to capitalise on emerging opportunities, forge strategic partnerships, and stay ahead of the curve in an increasingly interconnected world.
India is one of the preferred destinations for setting up Global Capability Centers (GCCs). The IT Industry pegged at 7.4% of India’s GDP, is projected to be 10% in 2025. Besides, India accounts for 40% of global sourcing spending.
Global Healthcare BPM market, estimated at $309.6 Bn in 2023, is projected to grow to $490.84 Bn by 2027, at a CAGR of 12.2% globally. Cost optimisation in healthcare companies is driving growth for outsourcing. Rising incidence of chronic diseases, increased emphasis & usage of medical devices, growing demand for the preservation of medical records and healthcare reforms, rising cost of building healthcare infrastructure, and digitised medical Document Management System, which shortens retrieval time, will drive the growth of the Healthcare BPM market.
About One Point One Solutions:
One Point One Solutions leads the charge in next-generation Business Process Management (BPM), boasting a dynamic workforce of over 5,000 dedicated individuals committed to unleashing human potential and fostering opportunities for individuals, businesses, and communities. Founded in 2006 by Akshay Chhabra, a visionary driving our technological innovations, we prioritise cutting-edge solutions to propel efficiency and leadership in the BPM landscape.
Spanning industries such as E-commerce & Retail, Consumer Durables & FMCG, Banking and Finance, Travel & Hospitality, and Insurance, One Point One facilitates seamless digital transformations with precision and expertise.
With strategically positioned service centres in Navi Mumbai, Gurgaon, Chennai, Bangalore, and Indore, each equipped with over 5,000 seats per shift, One Point One delivers a comprehensive suite of services, including customer care, lead generation, content management, voice analytics, accounts payable & receivable management, predictive analytics powered by Artificial Intelligence, chat & voice bots, Interactive Voice Response, and email management.
Committed to driving excellence and innovation across all fronts, One Point One Solutions empowers businesses to thrive in an ever-evolving marketplace.
Since its public debut in 2017, the company has rapidly ascended, serving over 30 prestigious clients spanning diverse sectors such as BFSI, pioneering Fintech entities, E-commerce giants, and the vibrant Travel, Tourism, and Hospitality industry.
Expanding its global footprint strategically, One Point One Solutions has ventured into the USA, Australia, and the UAE, targeting small and medium enterprises across varied industries in these regions for tailored BPO services. Our wholly-owned subsidiary, “ONE POINT ONE USA INC.,” established in Delaware, USA, is anchored in this vision. With Australia emerging as a critical international hub alongside the UAE, our company is poised for sustained growth and global impact.
About ITCube Solutions:
Since its inception in 2003, ITCube has been one of the premier providers of Software Development, Business Process Outsourcing and IT-enabled Services. Many global organisations, government bodies and Fortune 500 companies rely on ITCube for their Digital Transformation journey. ITCube utilises the tech stack of advanced technologies to transform concepts into world-class projects and solutions to help clients achieve their business goals. ITCube delivers services to clients from diverse industrial sectors like healthcare, petrochemicals, oil and gas, construction, eCommerce, etc. The company has 30+ leading brands across the USA, England, Netherlands, Germany, Kuwait, Oman, UAE, Qatar, India, Singapore & Australia.
