Aegis sells BPO business in PH to Telepeformance

Aegis sells BPO business in PH to Telepeformance

Rumors have going on since last month that Essar Global Fund LTD., the firm that acquired AGC Holdings LTD (Aegis) back in 2004, was negotiating with several companies about possibly selling some of its BPO operations. Recently, all these speculations have been laid to rest as Teleperformance agreed to acquire Aegis’ businesses in Costa Rica, Philippines and United States for USD410 million.

In a statement, Teleperformance CEO Daniel Julien expressed his excitement over the recent acquisition adding that “this will be a historic transaction for the Teleperformance shareholders as this acquisition fits perfectly with our long-term strategy.”

[Image Credit]

Julien has all the reason to be ecstatic about the deal because Aegis USA Inc. (AUI) will further strengthen the company’s presence in the US both in healthcare and financial services, as well as in the fields of travel and hospitality.

Furthermore, the acquisition represents USD400 million of annual revenue, not to mention adding 19,000 FTEs across 16 call centers in the US, Costa Rica and Philippines under TP”s belt.


“We look forward to partnering with our new clients upon the closing of the transaction. We want to ensure them that the entire consolidated team is committed to serving them with dedication, professionalism and passion,”

– Daniel Julien, Executive Chairman and CEO of Teleperformance Group Inc.

As for Essar Group’s part, Uday Gujadhur, board member of Essar Capital Limited and fund manager for Essar Global Fund Limited, said that the deal is win-win for both companies and that “this transaction will also yield many synergies and benefits for Aegis’ employees and esteemed customers.”

He also mentioned that the firm is looking forward to grow Aegis’ remaining BPO operations in other countries after the acquisition which is expected to be finalized on the third quarter of the year.


This article was written by Ronnie Bulaong, a special features contributor and correspondent for YugaTech. Follow him on Twitter @turonbulaong.

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14 Responses

  1. noobforever says:

    Ayoko sana… [Sorry ’bout that! Haha!]

  2. Tilipirpurmans says:

    ibig bang sabihin madalas na ring may salary dispute ang aegis gaya ng tp? hahahah!!!

  3. Joserizal says:

    Better validate your picture before posting… The picture is not aegis or tp… It’s teletech… Stupid

  4. xTPguy says:

    TP=mababa magpasahod + Aegis =mababa din daw magpasahod= more Overworked, underpaid employees?

  5. chaochao14 says:

    Seriously? News is about Teleperformance and Aegis but photo showing is TeleTech Cainta? Tsk! #fail

  6. Kuratong says:

    Imagine sa aegis ang 2years na sa company ay 6k per payday lang with night diff na yan,sa TP naman super corrupt ,di nagreregular,di nagbabayad ng tama sa overtime,di pa nagha hire ng buntis

  7. Kenneth says:

    Hey people, the picture does not say that it is from another BPO company, the photo simply wants to convey the merger of two Call centers and not to specify a company. Yan tayo ee, may comment at masabi lang para magmukhang magaling na alam nila na un ay Teletech. Hai, pinoy talaga.

  8. Android says:

    So ok lng pag nag balita ako na binili ni jollibee si mang inasal tapos ang picture mcdo?

  9. since2007 says:

    Ewan ko ba bakit ang daming uncivilized folks dito sa YugaTech lately. Hindi naman ganito dati sa YugaTech noong panahon pa ng Windows Vista at early days ng netbooks. Napansin ko lang na nagsimulang magkaroon ng mga uncivilized readers at commenters dito sa YugaTech simula noong naging craze ang mga smartphones at tablet.

    Ganito ba talaga nagagawa ng mga smartphones at tablets sa mga tao ngayon? Porke merong way para makapag-communicate eh sasabihin na lahat ng gustong sabihin.

    Gone are the early days of peaceful and healthy discussions here in YugaTech. The advent of smartphones and tablets definitely caused more people to act like uncivilized folks. Sana naman merong kahit isang tao dito na makakapag-balik ng peaceful discussions dito. Sana.

  10. obamadolla says:

    Dawn of the Planet of the Apes

  11. JacknJill says:

    Sige depensahan nyo pa ang bobong writer… Kita nyo ng mali yung picture, ok pa rin kayo….

  12. Bultokachi says:

    kawawang mga empleyado tsk tsk whenever a company is sold/bought by another company usually it becomes even worse. the only people who are smiling from ear to ear? the stock holders.

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