LPO major Integreon expanded its research and analysis wing by acquiring Monitor Group's captive research unit, Grail Research. On another front, Integreon has also signed Monitor as one of its clients. The 200 member Grail Research has its operations in India, China and South Africa. 

In a press briefing, Integreon CEO Liam Brown expressed his delight at welcoming the Grail Research team. "This acquisition accelerates the expansion of our business intelligence, research and analytics business with high-end, custom market research. With the addition of Grail's capabilities, Integreon can meet the most demanding global research requirements of investment banking, law firm and corporate clients on an enterprise basis. Grail also expands our global delivery and service capability to South Africa and China, which are strategic markets for Integreon," he added.

During an interview with Bar & Bench last month, COO, Lokendra Tomar had confirmed that Integreon was looking to acquire a captive unit in the research space. It appears that Grail fits perfectly with Integreon's plans to launch into the research space.

Integreon currently has 32 out of Amlaw's Top 50 Law Firms in the US, and 14 out of the top 50 in the UK including Clifford Chance, Osborne Clarke and more recently, Simmons & Simmons, as clientele.

During the press briefing Liam Brown also mentioned ab out their fund raising plans being intact and are looking to raise about $ 100 Million with 50 percent organic growth year on year. Terms of the transaction were not disclosed. Sources confirmed that neither company expects any positions to be eliminated during the integration process, which is underway.