I don’t know if this is prompted by the sense that what MPS provides can be bought from other providers as easily as using an in-house outfit, or if the idea is to release an internally impressive unit from the constraints of a traditional parent. Whatever the logic, I’m intrigued by this:
Global publishing giant Macmillan Group is set to sell its Indian technology solutions and BPO firm MPS, said banking sources said. Macmillan holds 61% stake in MPS, which is listed on the domestic bourses.
The Bangalore-based MPS employs around 1,000 people and undertakes publishing services work for the UK-based parent as well as third party clients. Ernst & Young has been mandated to find a suitor for MPS.