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PUBLICLY-traded information technology and
communications company IPVG Corp. has acquired for $1
million the assets of Globalstride Corp. and
Globalstride Holdings Ltd.
American
Globalstride Holdings and its Philippine unit
Globalstride Corp. basically provide outsourced
call-center solutions to clients based in the United
States.
IPVG and
its business process outsourcing (BPO) arm IP Contact
Center Outsourcing Inc. bought the fixed assets and
material contracts of Globalstride Corp. and the
existing customer accounts of Globalstride Holdings. The
buyer will also absorb the management and employees of
Globalstride Corp.
“The
Globalstride deal was an attractive acquisition target
for us, since it ramps up our contact center business
from 80 seats to 350 seats. This is just the first of
many significant acquisitions and developments for our
BPO business,” said chief executive Enrique Gonzalez.
The
acquisition will be funded by the P50-million term loan
recently secured by the company from Malayan Bank
Savings and Mortgage.
Globalstride Holdings is a US-based company that
provides customer relationship management services,
catering mostly to North American clients in the
publishing, catalogue and ICT industries.
Globalstride Corp., a wholly owned unit, was established
in the Philippines in 2000 as an offshore customer
relationship management firm, servicing clients through
phone, e-mail and online chat. |
