The United States global consultancy and IT solution firm Headstrong will expand its outsourcing operation in the Philippines despite economic slowdown at home, reported the local newspaper Philippine Daily Inquirer on Sunday.
Headstrong plans to triple its workforce in the Philippines from 650 to 2,000, the newspaper quoted Nora Terrado, country manager for Headstrong's Manila global delivery center in Makati City, as saying.
The reason for the expansion is to cut costs and to increase contribution and support to 10 percent of the company's total revenue target from its Philippine outsourcing branch, the report said.
Headstrong provides highly specialized software services to banks and other customers for the U.S. financial services market, and has a global employment of more than 3,000 workers, largely located in the U.S., India and the Philippines.
The International Association of Outsourcing Professionals has ranked it 33rd in the annual Global Outsourcing 100 list in 2008, which is considered one of the most comprehensive vendor ranking within the outsourcing services industry.
Source:Xinhua
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