LONDON, 5^th May 2005 - New York based Market Research Outsourcing firm, exëvo, today announced their entry into the European market. The office will staff sales and consulting professionals and is intended to support exëvo's growing European client base.

"Europe is the epicenter of the Market Research industry, and represents a major focus for exëvo going forward," announced Manish Modi, President and CEO of exëvo. "We have already acquired half a dozen clients in Europe and expect this number to double by the end of the year," he added.

exëvo's Director of European Sales, Jayesh Chandan, believes their London presence will be a competitive edge for them. "exëvo promotes a client-centric culture, and our investment in expanding our European operations is a logical step for us. We pride ourselves in being close to our clients, and this investment brings us closer than ever before" he said.

Outsourcing companies pose significant competition to local vendors and are increasingly investing in building client-facing capabilities. The global vendor market for Market Research Processes is expected to be $18 billion by 2010.