BPO firm mulls IPO

Intelligent Ware Philippines Inc. (IWPI), a subsidiary of listed online stock trading firm Diversified Financial Network Inc. (DFNN), is going public to raise funds for its expansion.

In a disclosure to the Philippine Stock Exchange, DFNN said its 56 percent-owned IWPI has tapped Multinational Bancorporation as its financial consultant/advisor for its planned initial public offering (IPO) of shares.

Intelligent Wave Japan, one of IWPI’s shareholders, has engaged KPMG Japan to begin its due diligence on the market value and future expansion plans of the local firm.

IWPI is servicing Japanese companies, as well as other financial services companies in Asia, in their software business process outsourcing (BPO) needs.