Metavante picks 11.5% stake in ICICI OneSource.

Apr. 13--MUMBAI, India -- ICICI OneSource, a Mumbai-based BPO, announced that it had entered into a strategic partnership with Metavante on Wednesday. Metavante is the financial technology subsidiary of Marshall and Ilsley and one of the top three bank technology and payment processors in the US.

Under the terms of the partnership, Metavante has picked up an 11.5 percent equity stake in ICICI-OneSource through a combination of primary infusion and secondary purchase. ICICI OneSource had revenues of $123m for the current fiscal year. The deal size was not disclosed.

But since it ...

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