Vsource Appoints Two Key Executives to Launch Human Capital Management Services
09 Dezembro 2003 - 12:20PM
PR Newswire (US)
Vsource Appoints Two Key Executives to Launch Human Capital
Management Services LA JOLLA, Calif., Dec. 9 /PRNewswire-FirstCall/
-- Vsource, Inc. (BULLETIN BOARD: VSCE) , an innovative leader in
providing customized global business process outsourcing (BPO)
services to clients worldwide, today announced the launch of its
newly expanded Human Capital Management (HCM) services for small
and mid-market businesses in the U.S. Vsource has selected two
industry veterans, Ted Crawford and Howard Buff, to spearhead the
HCM services. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030910/VSCELOGO ) According
to Phil Kelly, Vsource Chairman and CEO, the company's entry into
the HCM business reflects Vsource's ongoing commitment to growth
and expansion into new markets to better serve clients around the
globe. "After years of delivering superior BPO services to clients
worldwide, we are truly excited about expanding into the HCM
market," said Kelly. "Through our unique service delivery model,
Vsource is able to bring the exceptional service levels typically
reserved for our Fortune 500 and Global 500 clients to small and
mid market business owners." According to Gartner Dataquest, the
human resource outsourcing market is expected to grow to $55
billion by 2005. "Vsource has developed its HCM solutions to meet
this growing market need," said Braden Waverley, President of
Vsource. "Our HCM services will focus on helping small and
mid-market businesses achieve operational efficiencies and increase
productivity, while reducing cost and risk." Vsource offers a
complete range of outsourced HR solutions, which include: Human
Resource Management; Health and Welfare including a comprehensive
medical package; Administrative Services including payroll and
regulatory compliance; and Risk Management. Vsource has selected
Ted Crawford and Howard Buff to lead the development and execution
of HCM solutions. Mr. Crawford joins Vsource as President of HCM
Solutions and brings tremendous depth of experience in the HR
outsourcing industry. He has held executive positions at leading
companies such as Administaff, Alliance One, and C.S.I. Howard Buff
will serve as Chief Operating Officer of HCM Solutions and will
oversee all operations, insurance and administration functions for
the HCM division. Mr. Buff hails from Administaff and Paychex with
over 18 years of senior management experience within the business
services industry. "We have selected executives with the experience
and leadership crucial to providing the best total HCM services to
benefit our clients," said Kelly. "As we expand our service
offerings, these talented individuals will be instrumental in
guiding our efforts as part of our commitment to providing the
highest level of service to small and medium sized businesses."
About Vsource -- Vsource, Inc., headquartered in La Jolla, Calif.,
provides customized business process outsourcing (BPO) services to
clients worldwide. Under Vsource Client Outsourcing Solutions
(COS), Vsource delivers superior BPO solutions to Fortune 500 and
Global 500 organizations. Vsource COS include: Human Resource
Solutions, Warranty Solutions, Sales Solutions, and Vsource
Foundation Solutions, which include Customer Relationship
Management (CRM), Financial Services, Travel and Expense Claims,
and Supply Chain Management (SCM). Under Vsource Human Capital
Management (HCM) solutions, Vsource delivers Fortune 500
reliability to small and medium-sized businesses in the U.S. HCM
solutions include: HR Management, Health & Welfare,
Administrative Services, and Risk Management. For more information,
logon to: http://www.vsource.com/. Forward Looking Statements: Some
of the statements in this release and other oral and written
statements made by us from time to time to the public constitute
forward-looking statements. These forward-looking statements are
based on management's current expectations or beliefs and are
subject to a number of factors and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements. These forward-looking statements
include, without limitation, statements with respect to anticipated
future operating and financial performance, introduction of
services and growth opportunities expected or anticipated to be
realized by management. Vsource disclaims any obligation to update
or revise any forward-looking statements based on the occurrence of
future events, the receipt of new information, or otherwise.
Factors that could cause or contribute to such differences include,
but are not limited to reliance on one client and the expectation
that revenues from this client will decline significantly, a
potential requirement to redeem our Series 4-A convertible
preferred stock if we fail to meet certain conditions by March 31,
2006, our limited experience in the business process outsourcing
business, the new and unproven market for business process
outsourcing services in the Asia-Pacific region, long cycles for
sales of our solutions, complexities involved in implementing and
integrating our services, fluctuations in revenues and operating
results, economic and infrastructure disruptions, dependence on a
small number of vendors and service providers, litigation, and
competition. Other factors that may affect these statements are
identified in our previous filings with the Securities and Exchange
Commission. Vsource is a registered trademark of Vsource, Inc.
Vsource Foundation Solutions is a trademark of Vsource, Inc.
Fortune, Fortune 500 and Global 500 are registered trademarks of
Time Inc. Vsource disclaims any proprietary interest in the marks
and names of others. Vsource Media Relations Contact: Cindy Kim
Direct: 858.456.4871 Mobile: 619.708.5277
http://www.newscom.com/cgi-bin/prnh/20030910/VSCELOGO
http://photoarchive.ap.org/ DATASOURCE: Vsource, Inc. CONTACT:
Cindy Kim of Vsource, Inc., +1-858-456-4871, or mobile,
+1-619-708-5277, Web site: http://www.vsource.com/
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