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IPVG Corp. said it availed of a loan to partly
finance its acquisition and expansion of call-center operations.
Based on documents filed with the
Securities and Exchange Commission, IPVG said it signed a one-year
loan with Unicapital Inc. for P50 million.
Earlier, the firm also availed of
a P50-million one-year loan from Malayan Savings and Mortgage Bank
for the same purpose.
IPVG’s business-process
outsourcing (BPO) arm, IP Contact Center Outsourcing (IPCCO),
recently bought call-center firms Globalstride Holdings Ltd. (GHL)
and its wholly owned subsidiary, Globalstride Corp. (GC).
IPCCO will raise its 350 seats to
900 by December, accelerating the contact-center business’
potential to be a major revenue contributor by next year.
IPVG has also entered the
“language tourism” industry with its strategic partner, Jungchul
Academy Philippines Inc., by setting up language schools in the
Philippines that mainly targets the Koren market. The venture also
offers English-distance learning services to Korea.
For this year, IPVG expects that
its BPO arm would contribute about 10 percent to revenues and the
balance would be split between its data and content services. After
two years, the BPO business would contribute up to 35 percent to
company revenues.
--Likha C. Cuevas-Miel
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