India's fourth largest software services firm HCL Technologies announced it will acquire US based Urban Fulfilment Services (UFS) for up to $30 million in cash. UFS is a provider of mortgage business process and fulfilment services. Founded in 2002, the company has over 350 highly skilled professionals. It has three centres in the US. The total cash consideration for this transaction is up to $30 million, including contingent payments.

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