Ever wonder what a global shift in corporate power looks like? Take a look at this month's acquisition of Atlanta-based MortgageRamp, a unit of GMAC (GM's credit subsidiary), by OfficeTiger, an outsourcing firm based in Madras, India. The $25 million deal will expand OfficeTiger's U.S. reach and give it entry into a highly skilled business: real estate. MortgageRamp is critical for banks investing in the superhot real estate market; its employees size up risks in commercial properties, evaluating everything from environmental hazards to tenants' credit profiles.
Industry insiders say this cross-border deal could be a sign of things to come in...
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