KPO firm Integreon is looking to raise $100 million from private equity players to fund inorganic growth. The company is in talks with a couple of big global private equity players and expects to close the funding by March 2010.

Presently, LiveIt Solutions Inc., part of the Ayala group, is the main investor in Integreon, which figures among the top KPO companies globally.

Lokendra Tomar, COO (Asia Pacific), Integreon, told Financial Chronicle that the KPO firm is actively looking to acquire captive firms of research companies in financial services and legal services segments.

“We expect a number of such captives to come onto the market soon and we see this as an opportunity to buy them, thus getting guaranteed revenues, brand name and clients. While there is no specific geography we are targeting, Europe and Latin America would be good additions to our delivery capability,’’ he said.

Meanwhile, the firm on Tuesday said it has acquired Grail Research, a unit of US-based management co­ns­ulting company, Monitor Group. Apart from the acquisition, Integreon has also won a five-year contract for providing research services from Monitor Group.

Tomar declined to provide financial details of the acquisition or the deal. He, however, said Integreon expects to see total revenue of over $100 million in calendar year 2010, including the acquisition. In 2009, the revenue is seen at a run-rate of $80 million, up from $35 million in 2008.