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December 11, 2013

Deal Alert: Moody’s buys KPO Amba Research; deal size estimated at $90-M

Global credit rating agency Moody's has acquired knowledge process outsourcing (KPO) services firm Amba Investment Services which provides investment research and quantitative analytics for global financial institutions. Post-acquisition, Amba will operate as part of Copal Partners, Moody’s Analytics majority-owned subsidiary. Avendus Capital was the sole financial advisor to Amba for this transaction. Amba is expecting to generate close to $39 million in revenues in 2013. 

Based on this, media reports estimate Moody’s to have paid between $80-100 million towards this acquisition. Amba was founded in 2003 by four senior executives from Goldman Sachs, Deutsche Bank, and JP Morgan Andrew Houston, Mohan Alexander, Brad West, and Anand Aithal. It has around 1,000 employees with delivery centres located in Costa Rica, India and Sri Lanka. 

From the Venture Intelligence PE Deal database: In 2007, Amba had raised $10 million from Helion Venture Partners.



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