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News News Archive Email A Friend April 25, 2024 California Department of Industrial Relations and Cal/OSHA Will Honor Workers’ Memorial Day at Four Events in California on April 28th-29th 2024. Cal/OSHA Joining Partners in Arcadia, Richmond, San Diego and San Francisco. April 23, 2024 California Division of Workers' Compensation Launches Online Portal for Submission of QME Medical-Legal Reports April 22, 2024 California Division of Workers’ Compensation Posts Updated Time of Hire Notice April 22, 2024 Sullivan on Comp Launches ChatSOC. It's an Innovative Chatbot for California Workers' Compensation Professionals Integrated with an Authoritative Legal Treatise
| | Cambridge Just Sold To Scandent, A Singapore Based Company By Pauline Grant - October 6, 2004
Scandent, a Singapore-based company which has an outsourcing business in India, has purchased the majority stake in the back-office unit of insurance broker Aon Corp for about $110 million, a source close to the deal said on Monday.
Work done by Aon's claims processing unit, Cambridge Integrated Services, will be migrated to India where Scandent subsidiary ProcessMind specializes in outsourced management of projects and insurance claims, the source said.
Scandent is a privately held company, which also has an IT consulting and services arm, Scandent Solutions, which was founded by Ramesh Vangal, a former head of food giant PepsiCo Inc in India, and Chris Sinclair, once chief executive of PepsiCo's food business.
Last year, Scandent also acquired the software service unit of SSI Ltd, whose main interest is in education related to information technology.
The Aon unit acquisition follows a series of consolidation moves in India's booming outsourcing sector. IBM bought call centre firm Daksh in April and Citigroup Inc took a majority stake in e-Serve International Ltd in August. |
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