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INDIA'S AEGIS DEFIES BPO GLOOM TO ADD 5,000 PEOPLE BY FY-END.

AsiaPulse News

| November 03, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, Nov 3 Asia Pulse - 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 Friday, said even though the outsourcing industry is going through a rough patch, Aegis BPO is likely to report 35 per cent organic growth this financial year.

The US$250 million dollars acquisition at US$12.25 per share was funded by internal resources, Aegis BPO said, adding that the USD 12.25 represents a premium of around 29 per cent over PeopleSupports closing share price on August 1.

The combination creates a new global BPO leader with revenues of around US$450 million, nearly 30,000 employees and 20,000 ...

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