Mumbai, India/Hong Kong – Global private equity firm The Carlyle Group (Carlyle) has made a US$25.4 million investment for a 27.65% stake in Allsec Technologies Ltd (Allsec). Carlyle’s investment into Allsec was made through a combination of shares and warrants by way of a preferential allotment, off-market purchase of shares from an existing investor and shares tendered in the Open Offer. Allsec is one of India’s top, full service Business Process Outsourcing (BPO) companies, listed on the National Stock Exchange and Bombay Stock Exchange.

Following Carlyle’s investment, the Board of Directors of Allsec has appointed Mr. Daniel A. D’Aniello, Co-Founder of The Carlyle Group and Mr. M. Shankar Narayanan, Managing Director and Head of Carlyle’s Growth Capital team for India as new directors, joining the existing board with immediate effect.

Commenting on the appointment an elated Mr. Jagadish Ramamoorthi, Founder and CEO of Allsec, said, "This is the first time that any of the three founders of The Carlyle Group has joined the Board of an Asian company. It demonstrates the firm’s tremendous commitment to the Indian market. We are confident that the experience of this team will help us achieve our aggressive growth plans."

The investment, which will be used for acquisitions in the non-voice, BPO space in the U.S., U.K., Australia and India, will support Allsec’s expansion of its delivery capabilities. Mr. Adi Saravanan, Founder and President of Allsec, further said, "The association with Carlyle will certainly facilitate our access to new clientele in target markets."

Mr. D’Aniello said, "Carlyle is excited to be a significant investor in Allsec Technologies. Allsec is a perfect example of the high-growth companies our Asia Growth Capital Group supports in its target markets of India, China, Japan and Korea. We invest in strong management teams and sound businesses that have the potential to grow from good to great."

Mr. Narayanan added: "We are delighted to join the Board of Allsec. We look forward to creating value through the collaboration of our management expertise, industry knowledge, and global network of relationships. Allsec has demonstrated strong historical growth and profitability, and Carlyle can help accelerate the rate of growth by tapping into its global platform and portfolio companies. Carlyle is committed to helping Allsec become one of the top, full service BPO companies in the global markets in the years ahead."

About Allsec Technologies
Allsec is a leading Indian full services Business Process Outsourcing (BPO) company with 2,300 seats across 4 delivery centers in Chennai and Bangalore. Allsec is a Public entity and has the pride of being the first pure play BPO Company to be listed in the Stock Exchanges in India.

Allsec provides support services for inbound customer care, technology helpdesk, inbound / outbound teleservices (sales, collections, lead generation, market research), third-party quality assurance and HR & payroll processing. Its key focus areas are Customer Life Cycle Management, Call Quality Monitoring for other call centres, F&A BPO, Collections, Technical Support, and Payroll & Benefits Administration.

Allsec is one of the most profitable BPO companies in India. The Global Delivery Model of the company leverages talent and infrastructure in order to provide high quality, rapid time-to-market solutions.

Visit www.allsectech.com for additional information.