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Cravath Reps Genpact In $550M Headstrong Buy

Law360 (April 6, 2011, 12:34 PM EDT) -- Indian outsourcing technology manager Genpact Ltd. said Wednesday it would buy information technology company Headstrong Corp. for $550 million in a cash deal that boosts its presence in capital markets and health care and in the U.S.

Virginia-based Headstrong, which counts nine major investment banks and three asset managers as clients, is a complementary business and will add to the buyer's earnings this year, Genpact CEO Pramod Bhasin said.

Headstrong CEO Sandeep Sahai and his management team are set to take over Genpact's capital markets business,...
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