India’s technology giant HCL Technologies has announced that the company is all set to acquire Urban Fulfillment Service, a largest service provider for mortgages business and services for the implementations, for the amount of $30 million approx, including contingent payments based on certain financial milestone.

Vice President and Business Head for HCL, Anop Tiwari said that “This acquistation will enhance the ability of HCL to provide the mortgage services for BPO’s, loans and debt servicing.”

Urban Lending solutions Chief executive officer, Charles Sanders¬† said that “The synergy between UFS customers, customer-focused and efficient business data processing services, as well as HCL’s technological leadership and financial strength, will create an unprecedented competitor and lending provider of the most advanced services for the corporate clients.”

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