Financial services company also acquires stake in ICICI OneSource Metavante Corp., a technology and services provider to the U.S. banking and payments industries, will offer BPO (business process outsourcing) services from Indian outsourcer ICICI OneSource Ltd., the companies announced Wednesday.Metavante, a wholly-owned subsidiary of Marshall & Ilsley Corp., a diversified financial services company in Wisconsin, has also acquired a 11.5 percent stake in the equity of ICICI OneSource for an undisclosed price.Metavante’s customers are very interested in taking advantage of global outsourcing’s benefits, said Donald Layden, Metavante’s executive vice president for corporate development, in a conference call Wednesday. Some large global banks have taken advantage of offshoring for many years, which has placed regional banks at a competitive disadvantage in the effectiveness and efficiency of their processes, Layden said.The tie-up gives ICICI OneSource access to Metavante’s relationships with more than 8,000 financial institutions, including 91 of the top 100 U.S. banks, and more than 900 clients in banking and financial services to which it provides core account processing services.ICICI OneSource is one of the country’s leading BPO providers with more than 8,000 staff. It has nine services delivery centers in India and one in the U.S. The company’s revenue was US$123 million for the year ended March 31, said Ananda Mukerji, managing director and chief executive officer of ICICI OneSource. Under the agreement between the two companies, Metavante will be the exclusive distributor of ICICI OneSource’s BPO services to the North American banking and financial services and payments markets, Mukerji said. In turn, ICICI OneSource will be Metavante’s exclusive offshore delivery partner, and preferred onshore delivery partner for BPO services to financial institutions, he added.ICICI OneSource did not, however, disclose revenue targets from its tie-up with Metavante. Technology Industry