CoreLogic selling India operations

4,000 workers will become employees of BPO firm Cognizant

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Real estate information and analytics provider CoreLogic is divesting itself of its operations in India, and its 4,000 workers there will become employees of business process outsourcing firm Cognizant.

Cognizant is paying $50 million, plus adjustments to be determined at closing, for CoreLogic India, which maintains offices in Bangalore, Hyderabad and Mangalore.

Under the terms of the deal, which is expected to close in August, Cognizant will continue to provide services to CoreLogic through a five-year services agreement with a minimum revenue commitment of $324 million.