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MANILA, Philippines - The business process outsourcing (BPO) arm of the PLDT group has set its sights on six foreign companies that may be ripe for acquisition.
“This year we are actively looking at potential companies we can acquire. We are looking at maybe five to six, all KPO firms. But we are looking at them not acquiring all of them,” said Maulik Parekh, president of SPi Global.
KPOs refer to knowledge process outsourcing, a type of BPO that requires higher skills than the typical call center. SPi Global generates two-thirds of its revenues from non-voice services, and only a third from voice or call centers.
Parekh said negotiations may take six to nine months before a deal is clinched, adding that the company would use internally generated funds as well as funding support from parent Philippine Long Distance Telephone Co.
But leverage is not a problem since SPi Global is "debt free at this point," he said on the sidelines of Friday's launch of SPiQ, a product that helps clients in quality control.
SPi Global last year bought Laserwords Private Ltd. from the Murugappa Group of India.
The Philippine company raised its employee count to 18,000 last year from 14,000 in 2010.
It ended 2011 with revenues of P8.6 billion, a six percent year-on-year increase.
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