LPO India News Issues
Pangea3, an India LPO company, has been sold to Thomson Reuters. Employees with stock options might be compensated well. The sale price is only known to be US$35-40 million, but no exact figure is available. Pangea3 has a US presence for marketing, but is now planning on building onshore delivery centers to emulate the Indian LPO centers. The ability to offer 24 hour service was one factor.
LPOs and the Music Industry
An India LPO company in Mysore SDD Global Solutions has been able to participate in helping a non-profit organization called Fight The Power Foundation. Fight The Power is an organization that represents music artists who claim they have been cheated out of royalties owed to them by large record companies. Many record companies believe that the artists don’t have the resources to sue them. SDD has also represented Ali G and Borat (Sacha Baron Cohen). Fight the Power Foundation is being incorporated by rapper Chuck D.
Another buyout of an LPO in India
UnitedLex, founded in 2006 in the U.S. has purchased LawScribe, a Legal Process Outsourcing company. Lawscribe has its main office in Los Angeles, CA with additional offices in New York and Gurgaon which is near Delhi. Lawscribe focused mainly on document review, intellectual property, corporate transactions and legal research.
Growth in the India LPO Industry
The Indian LPO industry grew by around 40% during the global economic downturn, and is expected to grow around 26% per year for the next few years.
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A Legal Processing Outsourcing company came to visit me!
It was an exciting moment in my life as the manager of an outsourcing directory. I had spoken to many companies in India and the Philippines on the phone, but I had only met a few programming and web design companies who I had used for my own business needs. This was a first — a meeting — and an exciting one. A Legal Process Outsourcing company boss from India took a tour of the United States meeting with their business contacts in various parts of the United States. There were two gentlemen, both very well spoken. We discussed marketing strategies for their business. I will omit their names and locations for their privacy.
In any case, we discussed ways to improve their site which looks really nice. Also, I came up with many ways to promote their overall web presence using SEO techniques. I might be able to find them clients from the U.S. over time as I develop my business presence. I hope that I develop a great relationship with this company.
It is my dream to have a close relationship with many BPO and outsourcing companies in the future. I might pay India a visit in 2013 and visit several different cities. I might visit the Philippines and the United Arab Emirates as well. It is hard to handle my workload and travel too, but I will find a way once I make many of my processes more streamlined. Every month I find a new way to make one of my processes just a little bit more effective or efficient, and over time the results are phenominal!
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