Paxys seeks okay for capital hike

Public listed Paxys Inc. has secured the Securities and Exchange Commission’s nod to increase its authorized capital stock from P1.2 billion to P1.8 billion by way of a stock dividend.

Paxys is a holding company focused on investments in the business process outsourcing (BPO) industry within the Asia Pacific region. Its subsidiaries are engaged in diversified services such as contact center, data transcription, salary packaging and software solutions.

The company operates in three segments: call center, which offers an integrated mix of call center solutions, including inbound (customer-initiated) and outbound teleservicing, as well as e-mail and web-based tools; salary packaging, which provides services to company employees to structure their income through a combination of cash and approved employee benefits; and others, which includes data transcription and scoping services, voice-to-screen message conversion, electronic data encoding and processing and other related services.

Its wholly-owned unit Advanced Contact Solutions Inc. operates six contact centers with a combined 7,118 seats in Makati City, Quezon City, Lipa City and Cabuyao, Laguna. The centers handle inbound calls and electronic mail from customers and provide outbound telemarketing services.