Combination Expands Service Offering and Broadens Delivery Platform
Aegis BPO Services Ltd., an Essar Group Company and a leading global
business process outsourcing (BPO) provider has concluded the merger of
PeopleSupport, Inc. (Nasdaq:PSPT), a leading offshore BPO provider,
through its wholly owned subsidiary Essar Services (Mauritius).
The combination creates a new global BPO leader with revenues of
approximately $450 million, nearly 30,000 employees and 20,000
production seats in 31 locations worldwide, servicing over 60 different
clients, most of which are Fortune 500 companies.
In India, Aegis BPO is also the largest domestic BPO provider with a
dominant presence in telecom, banking and financial services.
This is the 11th acquisition of Aegis in the
last three years. With the completion of this merger Aegis has
demonstrated a distinctive intellectual property of being one of the
fastest aggregators of organizations in the services space across the
world.
This business combination catapults Aegis into a differentiated league
of service providers with deep domain knowledge in telecom, banking and
financial services, insurance, healthcare, travel and emerging
enterprises, with delivery platform spanning onshore, near shore and
offshore thus providing end to end global delivery for all our clients.
This global delivery platform provides right shoring opportunities for
U.S. corporations helping them to significantly optimize their total
cost of ownership.
Aparup Sengupta, Global CEO and Managing Director of Aegis, commented, “We
are extremely pleased to welcome PeopleSupport’s
clients and employees to our organization. The combined entity will
offer clients and prospects an expanded set of solutions and services
from a broader geographic delivery platform. With significant operations
in the Philippines, India, the United States and Costa Rica, Aegis BPO
provides cost effective high quality solutions. We will continue to
serve PeopleSupport’s clients with their
existing teams and with the same high quality services they have come to
expect.”
Lance Rosenzweig, PeopleSupport’s CEO, added, “We
are excited to become a member of the Aegis family and to create a
global BPO leader offering award winning solutions.
