Offshore Outsourcing deal of $250million adds large presence in India and Sri Lanka ReceivedSPF: None
Offshore Outsourcing deal of $250-million adds large presence in India and Sri Lanka
Ahmedabad - Gujarat 3-25-2006 11:26 AM GMT (TransWorldNews)
The provider of document services and related offerings, R.R. Donnelley & Sons, told it will acquire BPO-business process Outsourcing unit of OfficeTiger by 250 million dollar in an their deal of cash.
This is Second acquisition by a leading BPO service provider within shore span of one year. In year 2005, month of June, and the firm has acquired UK based Business Process Outsourcing supplier, Astron with the facilities in India, Europe, and Sri Lanka. The transaction processing services of OfficeTiger are nearly related for complementary to existing document based Outsourcing services of R.R. Donnelley.
HQ in NY, OfficeTiger gives full integrated Offshore Business Process Outsourcing and onsite services to most of the 500-Fortune organizations and many of professional services companies through their operations of India, Europe, North America, and Sri Lanka.
Phil Scott Ideas are bullet proof. No problem....government should simply take its own advice and out source the...
The Disposable American-Layoffs and their Consequences" authored by Louis Uchitelle, Knopf, 283 pp, $25.95, reviewed by Michelle Conlin in Business Week, April 10, 2006, on page 110...
Services includes sophisticated financial analysis, reporting, word processing, creative services, credit analysis, desktop publishing, claims processing, database services, market research, managing creative services for output, litigation support, and many more by OfficeTiger. With the client of the organizations for number of years, they are really satisfied with this acquisition as the logical next step in building of international BPO business, told CEO of R.R. Donnelley.
Expansion in India
OfficeTiger was one of the earliest Offshore Outsourcing Company that opened offices in city of India likes of Chennai, the combined value or strength will be over 5,000 employees by merged enbreasty. It reflects the transactions of organizations shared vision for driving expansion in the fast-growing Business Process Outsourcing segment.
OfficeTiger received 52 million dollar back in 2004, for funding Francisco Partners, with their one of the largest deals for Offshore Outsourcing space. By the study of NbuttCOM with McKinsey, an international consultancy company gave estimation that global Business Process Outsourcing market size would be neat about 11 billion dollar, and the figure is expected to grow by tenfold with 120 billion dollar by year 2010.
The analysts are expecting more buyouts to be happening during this year as existing Outsourcing Organizations try to gain a footing in the market of Asia to take relative benefit of lower and cheaper costs of operations.
software-outsourcing.netfirms.com-outsourcing-news-2006-03-offshore-outsourcing-deal-of-250.h
By Matt Kelley USA Today The Pentagon risks running out of scientists to operate and upgrade the nationās arsenal of intercontinental nuclear and conventional missiles, according to a report released this week by the...