BPO Management Services Announces Positive Cash Flow for Second Quarter of 2008
Saturday, August 16th, 2008
BPOM - a full service business process outsourcing company focused on serving middle-market enterprises, today announced financial results for the second quarter and first six months of 2008, the period ended June 30, 2008. The financial results represent the Company’s first quarter with positive EBITDA.
Operational Highlights
– Spiegel Brands, Inc., Chicago, the women’s clothing catalog marketer, signed a multi-year contract for its information technology outsourcing solutions.
– Shasun USA, Inc., one of the world’s largest producers of ibuprofen, signed a multi-year contract for its information technology outsourcing solutions.
– BPOMS signed a strategic relationship agreement with Tectura Corp., a leading Microsoft partner and global services company providing Microsoft-based technology solutions. Under the terms of the agreement, BPOMS will make its human resources outsourcing solutions available to Tectura’s North American clients, which are mid-market companies as well as divisions of larger enterprises.
– Deutsche Rentenversicherung Bund and Deutsche Post Real Estate Germany purchased BPOMS’ Enterprise Content Management (ECM) solution eReview.
– Eastman Kodak has honored BPOMS’ enterprise content management division for outstanding revenue generation and overall sales performance during 2007. In addition, for the fourth time, Kodak named BPOMS the top Canadian reseller of KODAK Service & Support, Eastman Kodak’s worldwide service organization.
– BPOMS’ IT outsourcing solutions division was awarded two key certifications: It successfully completed the 2008 SAS 70 Type II evaluation by Eisner, LLP, an independent service auditor, and also TrustWave’s TrustKeeper(R) Compliance Validation Service to meet the Payment Card Industry Data Security Standards.
– The Company raised $5.6 million in additional financing from the exercise of Warrants to Purchase Shares of BPOMS’ Series D-2 Convertible Preferred Stock. Full News




