India’s 4th largest leading global IT services companies, HCL Technologies has declared that it has signed a deal to completely acquire Control Point Solutions (CPS) of the United States. The CPS happens to be the leader in providing voice, data and wireless telecommunications expense management (TEM) services.

The Control Point Solutions is a private company and a prominent name in the TEM segment serving both enterprises and carriers across industry verticals. The Indian firm gets four delivery centres in the U.S. with over 200 employees under this deal. These professionals will be all trained and equipped with the necessary knowledge and expertise. The US firm is being bought away at an enterprise valuation of $20.8 million.