British equity firm invests $50m in Filipino KPO
Monday, February 22, 2010
Emerging markets private equity investor, Actis, has recently signed a $50 million investment deal with Integreon, a Mumbai-based outsourcing firm backed by Ayala Corporation of Philippines.
Integreon, a knowledge processing outsourcer provide document, legal, analytic, and business services across the globe. Currently with operations in London, Los Angeles, New York, Mumbai, and New Delhi, Integreon hope the investment will help further expand their operations. As a result of the investment, UK firm Actis will also receive two seats on the firm’s board.
Integreon, whose clients include Microsoft and other well known legal firms, plans to double its work force of 200 in the Philippines, to 2,000 around the world, suggesting the KPO market is still strongly emerging with good investment opportunities.
Fred I. Ayala, chief executive of Ayala’s business process outsourcing (BPO) investment arm said, “the company continues to regard the BPO sector as a good area for investment.”