Global professional services provider Genpact Ltd. (G) has acquired a digital experience consultancy firm, Hoodoo Digital, thereby expanding its experience business, Rightpoint.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
The acquisition is in line with Genpact’s strategy to combine experience and process innovation and help its clients in achieving end-to-end digital transformation. Further, the deal will expand Rightpoint’s capabilities in managing its clients’ content, commerce, and marketing operations.
Utah-based Hoodoo Digital is a Platinum-level Adobe solution partner that creates innovative customer experiences for companies across several industries.
The Chief Strategy Officer and Global Business Leader, Enterprise Services, Genpact, Katie Stein, said, “The combination of Rightpoint’s tremendous experience expertise with Hoodoo Digital’s deep knowledge of Adobe solutions will allow our clients to speed their customer experience transformations to drive growth.”
Ron Shamah, the CEO of Rightpoint, said, “Hoodoo Digital’s deep knowledge of Adobe solutions is a critical unlock to advance Rightpoint’s leadership in delivering superior experience-led transformation.”
About Genpact
Headquartered in Bermuda, Genpact offers business process management and information outsourcing services. It focuses on designing and running intelligent operations and transformation services that include digital, consulting and analytics services.
Shares of the company closed 1.1% up on Tuesday at $53.57.
Wall Street’s Take
Last month, Robert W. Baird analyst David Koning reiterated a Buy rating on the stock with a price target of $62 (15.7% upside potential).
Overall, the stock has a Moderate Buy consensus rating based on 2 Buys and 2 Holds. The average Genpact stock prediction of $59.50 implies 11.1% upside potential. Shares have gained 31.3% over the past year.
Download the TipRanks app now, available on iOS and Android.
Related News:
Volex Closes Acquisition of Two Wire Harness Makers
Lockheed Martin Reveals its F-35 Program Growth in 2021
Apple Achieves $3 Trillion Milestone – Report
