NEW YORK, 25th April 2005 - Manish Modi, President and CEO of New York based Market Research Outsourcing and Consulting firm exëvo, today announced major client wins and as well as aggressive growth plans. exëvo was formed in June 2002 as an Offshore Outsourcing and Consulting firm and has established a leadership position in the booming Market Research and Analytics industry.
Speaking on the occasion, Manish Modi said, "The global market research industry is in a state of rapid and aggressive consolidation. As the priority of the industry shifts towards realizing gains through integration, there exists a real and immediate need for highly focussed, entrepreneurial firms to provide scalable, best-of-breed, research solutions to the evolving industry."
exëvo provides a complimentary range of research outsourcing and support services including Data Collection, Data Entry, Data Processing and Data Analysis. Mr. Modi described the market opportunity for global offshore research services in excess of $1 billion and growing at an annual rate of 60%.
Speaking on the occasion, Mr. Alok Tayal who is a co-founder of exëvo and presently heading their Client Servicing function, had this to say, "We are currently working with twenty clients who range from boutique, vertically specialized research firms to large, diversified ones. All of them expect best-in-class services and solutions from exëvo, and we are building a world-class company to respond to that need. exëvo currently provides research solutions utilizing seven languages in thirty countries across five continents. Our goal is to expand both the breadth and the depth of our offerings over the next 6-12 months."
We have been experiencing 250% revenue growth for the past two years and are well on our way to improve upon that over the next few years. We continue to invest in expanding our client as well as our employee base, and have recently expanded our operations to Europe.
When asked about the company's future plans, Mr. Modi added, "We are building a very unique and valuable asset and are well positioned to play a leadership role in this very vibrant, high growth industry. We will see continuing global consolidation within the industry, and offshore companies with unique and differentiated capabilities like exëvo will be in a position to play an anchor role." |
