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Aegis BPO to add 5,000 people by FY-09
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Aegis BPO to add 5,000 people by FY-09
NEW DELHI: Aegis BPO Services, an Essar group company, will add about 1,000 people per month taking the total headcount to 35,000 by this fiscal-end, even as the outsourcing industry is going slow on its recruitment plans.
The company, which announced the completion of the acquisition of US-based PeopleSupport Inc today, said even though the outsourcing industry is going through a rough patch, Aegis BPO is likely to report 35% organic growth this financial year.
The $250 million dollars acquisition at $12.25 per share was funded by internal resources, Aegis BPO said, adding that the $12.25 represents a premium of around 29% over PeopleSupports closing share price on August 1.
The combination creates a new global BPO leader with revenues of around $450 million, nearly 30,000 employees and 20,000 production seats in 31 locations worldwide, providing services to over 60 different clients, it said.
The current economic scenario provides a suitable situation for us, as organisations are looking at protecting their profits and this provides enhanced opportunities for us, Global CEO and Managing Director of Aegis, Aparup Sengupta, said.
On hiring terms the company has bullish plans as the net addition would be around 1,000 persons per month and going forward by the current financial end, the company would have total employee strength of 35,000.
We are extremely pleased to welcome PeopleSupports clients and employees to our organisation. With significant operations in the Philippines, India, the US and Costa Rica, Aegis BPO will continue to serve PeopleSupports clients with their existing teams, Sengupta added.
Source:
http://www.utvi.com/industry-news/it-industry-news/12903/aegis-bpo-to-add-5-000-
The company, which announced the completion of the acquisition of US-based PeopleSupport Inc today, said even though the outsourcing industry is going through a rough patch, Aegis BPO is likely to report 35% organic growth this financial year.
The $250 million dollars acquisition at $12.25 per share was funded by internal resources, Aegis BPO said, adding that the $12.25 represents a premium of around 29% over PeopleSupports closing share price on August 1.
The combination creates a new global BPO leader with revenues of around $450 million, nearly 30,000 employees and 20,000 production seats in 31 locations worldwide, providing services to over 60 different clients, it said.
The current economic scenario provides a suitable situation for us, as organisations are looking at protecting their profits and this provides enhanced opportunities for us, Global CEO and Managing Director of Aegis, Aparup Sengupta, said.
On hiring terms the company has bullish plans as the net addition would be around 1,000 persons per month and going forward by the current financial end, the company would have total employee strength of 35,000.
We are extremely pleased to welcome PeopleSupports clients and employees to our organisation. With significant operations in the Philippines, India, the US and Costa Rica, Aegis BPO will continue to serve PeopleSupports clients with their existing teams, Sengupta added.
Source:
http://www.utvi.com/industry-news/it-industry-news/12903/aegis-bpo-to-add-5-000-
