Quatrro BPO Solutions, founded by Raman Roy, received its second round of venture funding worth $13 million from Walden International, Olympus Capital and other individual investors. While Olympus participated in Quatrro’s first round of funding worth $90 million earlier, Walden invested $8 million as part of the latest fund-raising by the back-office firm
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Quatrro BPO Gets Second Round Of Venture Funding Worth $13 Million
Davao tops the list of the 2010 Top 10 Next Wave Cities for outsourcing operations as the city scored high on availability of qualified talent and infrastructure that more than make up for its low scores on business environment and risk management, and cost. The annual list of Next Wave Cities, prepared by the Commission on ICT, Business Processing Association of the Philippines (BPA/P) and the Department of Trade and Industry (DTI), was announced Friday. Those that made it to the list are areas that have been identified to possess all the criteria to host BPO operations
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Davao City Tops The List Of New BPO Outsourcing Cities
Solartis, a provider of insurance policy administration software and services, has announced the expansion of services to now include Business Process Outsourcing targeted to insurance companies and their distribution partners. The Solartis BPO Services are created to focus on behind-the-scenes processing activities like data entry and clearance, quote and proposal development, rating and policy data entry and assembly, electronic filing and document distribution. Customers can experience such benefits as more time for underwriting and customer service, improved turn-around time and a minimum of a 33 percent reduction in administrative costs.
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Solartis To Now Offer Bpo Services
Software exporter L&T Infotech, which has been lagging its larger rivals in growth rates and profitability, wants to add BPO capability to its portfolio of offerings so it can provide customers with the full range of services starting from application development and testing to back-office processing. The company has appointed one of the big four consulting firms to advise on its BPO strategy. L&T Infotech is a fully-owned subsidiary of engineering giant Larsen & Toubro.
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Larsen & Toubro To Enter Into Bpo Arena
IT and BPO service provider, Hexaware Technologies, today said its consolidated net profit jumped twofold to Rs 36.03 crore for the fourth quarter ended December 31, 2009, over the same period last year. As per the Indian accounting standards, income declined to Rs 252 crore for the quarter ended December 31, from Rs 305.85 crore in the same period corresponding year, Hexaware Technologies said in a filing to the Bombay Stock Exchange. On the standalone basis, the company has posted a net profit of Rs 28.73 crore, a jump of over fourfold over the same period last year.
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Hexaware Technologies Net Profit Jumps To Rs 36 Cr
The business process outsourcing sector (BPO) expects sales to grow by a quarter to $9 billion this year as the industry rides the wave of a general economic recovery. The industry’s revenues of $7.2 billion last year — a 19-percent increase — came in at the lower end of its target of $7.2-$7.4 billion due to the caution that prevailed among businesses in the first half, the Business Processing Association of the Philippines (BPA/P) said on Monday.
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Bpo Sector Expects Sales To Grow This Year
Amid signs of fast recovery from the impact of global economic slowdown, the information technology and business process outsourcing (BPO) industry would see its exports reach $50 billion in the current financial year, registering a growth of over 5 per cent. Similarly, export revenues are likely to grow at 13-15 per cent next fiscal to cross $57 billion, with the US remaining the dominant market
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Bpo Sector Exports To Touch A New Landmark
BPO services provider Firstsource Solutions on Wednesday reported a nearly three-fold jump in consolidated net profit at Rs 33.31 crore for the third quarter ended December 31, 2009. As per the Indian accounting standards, total income from operations rose to Rs 490.85 crore for the October-December quarter, from Rs 444.20 crore in the same period previous fiscal, Firstsource Solutions said in a filing to the Bombay Stock Exchange. “Performance in the year to date continues to be strong
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Firstsource Bpo Gives Excellent Results In 3rd Quarter
PIRON Consulting has acquired fifty percent stake in REAL TIME BPO and it will now be called ‘PIRON REAL TIME BPO’. This stake has been acquired to strategically place PIRON for catering to the IFRS outsourcing requirements
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Piron Consulting Acquires 50 Percent Stake In Real Time Bpo
Aegis, the BPO arm of the Essar group, is close to acquiring 10 acres of prime land from the Buddhadeb government to set up an integrated campus in Kolkata for an undisclosed sum. Aegis is looking to double capacity at its present 3,000-strong team of ITeS professionals in the city’s Salt Lake Electronics Complex (Saltlec).
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Aegis Bpo Eyes On Kolkata Land
