Integreon revenues grow 8-fold

MANILA, Philippines - Knowledge process outsourcing (KPO) firm Integreon has steadily increased its revenues over the past three years with the entry of the Ayala Corp.

Based on its unaudited financial statements, Integreon’s revenues grew more than eight-fold in the fourth quarter last year to $89 million from only $10 million in the same period in 2006, when Ayala unit LiveIt Investment Ltd. first invested in the company. 

For the whole of 2009, Integreon registered revenues of $62 million or 88 percent higher than the $33 million recorded the previous year.

Integreon, the leading global provider of legal support, research and business services to law firms, financial institutions and corporations, employs around 2,000 people, of which 1,200 are based in India. It delivers services from centers in the US, United Kingdom, India, China, South Africa and the Philippines.

The company has made six acquisitions so far, the last one being Grail Research, the captive research unit of the Monitor Group, a consulting firm providing advisory services to big corporates such as Microsoft.

Earlier acquisitions include three LPO firms and two KPO firms. In May 2009, it acquired Onsite3, a leading provider of electronic evidence solutions for law firms and corporations. Earlier in 2008, it acquired Datum Legal Inc., a litigation support and electronic data discovery company in New York .

Integreon currently has around 100 clients in its portfolio comprising law firms, investment banks and corporations.

Private equity fund manager Actis recently invested $50 million in Integreon, which it intends to use to pursue acquisitions, build a second delivery center in the Philippines, and beef up its workforce.

Integreon officials said this investment will help the company maintain its aggressive growth by making capital available for investment in the existing business and for new acquisitions.