IPVG forms Singapore holding firm for BPO units

Publicly-listed information technology and gaming firm IPVG Corp. has approved the establishment of a holding company in Singapore to oversee all its investments in the business process outsourcing (BPO) sector.

In a disclosure to the Philippine Stock Exchange, IPVG said it will hold all its investments in voice BPO companies in America, Latin America and Southeast Asia, including its current operations in the Philippines and North America.

“With a BPO holding company in Singapore, IPVG will be in a strategic position to capture more outsourcing and offshoring work and expand its BPO operations globally,” the company said.

In view of this development, the board of directors of IP Contact Center Outsourcing (IPPCO), a wholly-owned unit of IPVG, approved the transfer of all its fixed assets, material contracts and employees to a new company to be incorporated under the BPO holding company.

IPPCO, the call center unit of IPVG, provides English voice content, customer support, technical support, telemarketing and other BPO services for foreign clientele. It has secured an exclusive partnership with Hong Kong-based telecom giant PCCW Teleservices to jointly establish its contact centers in the Philippines primarily to support English language programs.

IPVG, through its three subsidiaries, is engaged in the IT and communications business in Southeast Asia.