Acquire BPO completes 100% Shore Solutions acquisition
MANILA, Philippines – Melbourne, Australia-based Acquire Business Process Outsourcing (BPO) has already completed the 100% acquisition of homegrown Shore Solutions Inc., one of the fastest-growing BPOs in the Philippines.
The acquisition adds approximately 2,000 employees to Acquire, with an aim to provide a full suite of outsourcing operations for major corporations across Asia, Australia, the United Kingdom, and the United States.
Acquire’s acquisition of Shore Solutions is its second in less than a year.
In January, Acquire bought the Philippine company Animation1, thus its foray into the 3D animation market.
Scott Stavretis, chief executive officer of Acquire and Shore Solutions, said the Shore Solutions’ acquisition offers several exciting opportunities for Acquire in diversifying its current service offering and bolstering its revenue.
Shore Solutions has proven expertise human resource outsourcing (HRO); knowledge process outsourcing (KPO); IT (information technology); and professional services, which all complements Acquire's outsourcing capabilities.
Shore Solutions is also a value-added reseller of SAP-SuccessFactors Human Capital Management (HCM) cloud technology, which is now included in Acquire’s service offerings.
Shore's contact center division, meanwhile, has grown rapidly over the past 3 years and services a range of clients across the globe, including some very large, well-known household brands, Stavretis said.
The acquisition will scale the Acquire employee numbers to about 7000 globally.
Future acquisition activity, including its current strong, organic growth of both businesses, positions Acquire as a strong disruptor in the competitive landscape of the BPO industry. – Rappler.com
Logos from the companies' websites
Background photo from Shore Solutions website