Philippines cannot be left behind in outsourcing arena. In a latest move Philippine based Ayala Corp has taken over a New York based non voice outsourcing services firm for $18 million. This deal shows that outsourcing industry is growing in the case of Philippines.
The company has brought out two US based venture capital funds for acquiring hundred percent stakes in Integreon Managed Solutions. Earlier this year the company had acquired an eleven percent stake in eTelecare Global Solutions for $16 million. The company is investing in mature BPO companies in India, US and Philippines.
Alfredo Ayala, Chief Executive, LiveIt said:
We are open to investing more if the prospects are right. We’re not focused on start-ups because it’s quite difficult to crack the overseas market.
