Midas Medici Buys Brazil BPO

Midas Medici Buys Brazil BPO

Brazil M&A

US-based Midas Medici has acquired Brazilian BPO and IT integrator CIMCORP. The acquisition is subject to closing conditions and financing arrangements, but the transaction is expected to be wrapped up before the end of July 2011. Payment consists of a combination of cash and Midas Medici stock, Midas CFO Johnson Kachidza tells LatinFinance, who declines to disclose the ratio between the two. Midas is not disclosing the deal’s value, although acquisitions in the sector tend to be valued aro

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