Financial Daily from THE HINDU group of publications
Friday, Jul 08, 2005
Financial Daily from THE HINDU group of publications Friday, Jul 08, 2005 |
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Info-Tech
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Human Resources Acclaris India arm to boost staff count Our Bureau
Kolkata , July 7 ACCLARIS Business Solutions Pvt Ltd, a wholly-owned subsidiary of the Florida-headquartered Acclaris Inc, has firmed up plans to boost staff strength in its Indian operations to 600-plus by the end of 2006. The present headcount at the company's business process outsourcing (BPO) outfits in Kolkata and Visakhapatnam has been pegged at 194, which is likely to go up to 300 by end-2005. Mr Dipankar Mandal, Founder and Executive Vice-President, Acclaris, told a press conference here that implementation of the company's growth plans would entail an investment of about $1 million in infrastructure. This amount would be generated internally. Already, $8 million had been invested in the company, including venture capital funding of $5 million from Update Partners of Virginia. Mr Mandal said Acclaris was focused on providing processing solutions in insurance and third party administration, human resources outsourcing, etc. The company has 160 clients in the US, including Fortune 25 companies. Mr Mandal said 80 per cent of the company's transactional revenue originated in India. The focus in the days ahead would be on going in for bigger clients instead of too many smaller-sized ones. Negotiations were also under way to source clients in Canada and Latin America. With SAS 70/SOX increasingly becoming a requirement, and Acclaris having on offer SOX-compliant service delivery models, the company was upbeat on prospects in this regard. "Complex processes will require more sophisticated transition capability and dual-shore delivery which are part of our core competencies," Mr Mandal said. He, however, declined to divulge revenue earnings in the year ended December 31, 2004, except to say that it was in the $4-5 million range. The current order backlog position was indicative of a 200-per cent growth in this regard, he said.
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