Genpact Limited announced that it has acquired High Performance Partners and their Quantum Mortgage Technology. Genpact had previously announced an initial equity investment in HPP in March 2010 and now owns 100 per cent of the company. Genpact will leverage the Quantum software platform to support its Mortgage Business Process as a Service (BPaaS) offering. The size of the deal was not disclosed.
Roger Hull, founder and CEO of HPP, will lead the ongoing development of Quantum for Genpact as vice president of Genpact Mortgage Services.