FILIPINO FIRM ACQUIRES US BPO FIRM AS OFFSHORE OUTSOURCING CONTINUE BOOM

While sending jobs overseas has become the trend, a foreign firm purchased a US outsourcing giant.

SPi Technologies, A subsidiary of the Philippine Long Distance Telephone company (PLDT) has acquired Springfield Service Corporation (SSC). SSC is a top player in the US medical billing industry with an employee base of more than 300. It stands to make US$30 million within the next 12 months. Read the entire article here.

Meanwhile, offshore businesses continue to boom. Some refer to it as offshoring, global sourcing and strategic sourcing. Whatever it may be called, sending certain processes to be done offshore is continuing to grow.

An article reports that outsourcing jobs to offshore providers has reached to a level wherein clients have stopped worrying where the outsourcing company is located. Read the entire article here.

Well, the basic premise continuous. Jobs are sent offshore in order to find the best talents that will get it done, lessen cost and free internal resources that can be devoted to the main strategic goals of the company.