Local BPO passes global test, is 2nd PH 'Endeavor' firm
MANILA, Philippines – Philippine-based PSG Global Solutions (PSG), known as the world’s largest and fastest growing offshore recruitment process outsourcing company, was selected as the country’s second Endeavor Entrepreneur Company during Endeavor’s 62nd International Selection Panel held in Mexico City from December 2-4this year. (READ: Build PH Silicon Valley: Endeavor picks BPO entrepreneur)
Founded by industry veterans and co-presidents Vivek Padmanabhan and Brian Cotter in 2008, the firm is seen as the one of the flag bearers of the Philippines to move to higher value BPO work by providing outsourced recruitment services to the some of the largest US staffing companies.
“Panelists were impressed by the duo’s ability to execute business strategy as they combined their US market experience and their knowledge of the Philippines BPO industry,” Manny Ayala, Managing Director of Endeavor Philippines said in a press release Wednesday, December 16.
PSG grew to 900 employees in 2015 while the company expects to grow revenues by more than 40% next year. It is planning further geographic and client expansion in the next two years while keeping the Philippines as its base of operations.
It also plans to set up a new subsidiary that will provide its services to Philippine companies. In turn, Endeavor will provide strategic mentoring and support through its global network of over 400 business leaders.
“We are excited to further accelerate our growth through the support of Endeavor. It is an honor for us to have been selected and we believe it also speaks to the amazing talent and potential we have found in the Philippines.” Padmanabhan said.
Endeavor is a global non-profit organization that supports high-impact entrepreneurs in order to create and sustain a robust ecosystem of entrepreneurship.
The entrepreneurs have have gone through a rigorous screening process over the last 6 months, with mentors and board members in the Philippines, including local business leaders like Ayala Corporation Chairman Jaime Augusto Zobel De Ayala and Mang Inasal founder Egar “Injap sia II.
“Being selected as Endeavor entrepreneurs has given us the opportunity to interact with global mentors and entrepreneurs. This experience has pushed us to consider PSG’s potential in providing even more jobs and opportunities for the Philippines,” Cotter said.
The entrepreneurs join Nix Nolledo, president of Xurpas Incorporated who was chosen earlier this year as the first Philippine Endeavor entrepreneur. – with a report from Christopher Schnabel / Rappler.com
Editor’s note: Manny Ayala and Nix Nolledo are members of Rappler’s board