Khaitan & Co. acted as counsels for Ariba Inc. in its recent sale of sourcing services and business process outsourcing (BPO) services assets to Accenture plc. Ariba was advised by partner Rabindra Jhunjhunwala alongwith tax partner Daksha Baxi on Indian leg of the transaction worth around USD 51 million.
Ariba is a leading service provider of collaborative business commerce solutions and enables more efficient and effective buying, selling, and cash management by combining industry-leading software as a service (SaaS). The purchaser Accenture plc, Ireland having its administrative headquarters in New York, USA is a global management consulting, technology services and outsourcing company.
Source:-http://www.lawetalnews.com/NewsDetail.asp?newsid=2803
