TELUS International to Acquire Xavient Information Systems For $250 Million

TELUS International, a leading global business process and information technology services provider, announced its plans to purchase Xavient Information Systems (Xavient), a global IT consulting and next-generation software services company with approximately 1,800 employees.

This acquisition of Xavient will accelerate TELUS International’s objective to expand its global service offerings with the addition of advanced, next-generation IT consulting and delivery capabilities, including user interface/user experience, open source platform services, cloud services, over-the-top solutions, IoT, big data services, devops, and automation and digitization in order to provide a “more fulsome suite of services” to existing and prospective clients.

The acquisition will also advance TELUS International’s commitment to grow its capabilities in the U.S. and enhance its geographic diversity by expanding its operations into India for the first time. The transaction will be financed primarily from TELUS International credit facilities and TELUS International shares. Under the agreement, the company will initially acquire a 65% majority interest in Xavient, with the right to acquire the remaining interest on or before December 31, 2020. Based on various performance-related metrics, the total consideration, including the purchase of the remaining interest, is estimated to be approximately US $250 million.