Skip to comments.Epicenter to hire 1,000
Posted on 09/28/2004 4:51:47 PM PDT by Willie Green
For education and discussion only. Not for commercial use.
NEW DELHI: Epicenter Technologies, the business process outsourcing company specialising in collections space, is looking for acquisitions in the North American market and plans to increase its headcount in India by 1,000.
"We are looking to acquire small to medium BPO companies with revenues of $10-15 million in the collection space. Through acquisition, we want to deepen our expertise in our business and be a multi-location company," told chief operating officer of Epicenter Navnit.
He said Epicenter, which is ranked 15th on the Nasscom list of top BPO companies, has identified two companies for acquisition and talks were in progress.
"By acquiring a company in US or Canada we would get a front end in these countries while services would be delivered from India," Navnit said.
Epicenter - which has funding from two venture funds and three promoters including Bharat Forge's Baba Kalyani - has enough cash for acquisitions and growth of delivery capabilities in India, he said.
The company already has 1,200 employees and in next year it expects the headcount to increase by 1,000.
Epicenter has two centres in Mumbai and plans to open a third centre there by October or December.
"We may move to other cities next fiscal and possible new locations could be Gurgaon, Pune and Hyderabad," Navnit said.
The company is also open to adding new services to its offerings.
Though US remains largest market for Epicenter, the revenues from UK have also started to pick up, the company official said.
Is this an American company that is laying off Americans and hiring Indians?
youre gonna need to face reality that India is not a basket case anymore.
Ironically when India embraced the socialist policies that so many Freeprs hate, they were no threat. Now that they are more freemarket in their economy, they are a threat.
Berry Berry Good.
Go to college Ping
Proof that the Bush tax cuts are working!
indeed. for every dollar handed to a consumer, probably half is used to purchase foreign goods. and all this talk about "where is business capital investment" - its taking place, in india and china. its total insanity. and then we are supposed to cheer when we can just manage 3% GDP growth. give $50 oil a little more time, we won't even manage that.
Epicenter Technologies is an Indian company, seeking to acquire smaller American outsourcing firms so they can get a bigger piece of the pie when American jobs are outsourced to India.
They're cutting out the middleman, so to speak.
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