Integreon to Acquire CBF Group, Inc., North Dakota-Based Company Specializing in Legal Process Outsourcing.Acquisition Will Give Integreon Facilities in the U.S. and Overseas and Enhance the Company's Global LPO LPO London Philharmonic Orchestra LPO Legal Process Outsourcing LPO Local Purchase Order LPO Louisiana Philharmonic Orchestra LPO Legal Process Offshoring LPO Leading Petty Officer LPO Loan Production Office LPO Lattice Preferred Orientation Leadership Position LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Integreon Managed Solutions, Inc., a global leader in complex knowledge process outsourcing Knowledge process outsourcing (KPO) is a form of outsourcing, including legal process outsourcing. These are both high-value-added forms of business process outsourcing (BPO). , announced today that it has acquired Fargo, N.D.-based CBF CBF Chesapeake Bay Foundation CBF Cerebral Blood Flow CBF Cooperative Baptist Fellowship CBF Confederação Brasileira de Futebol CBF Core Binding Factor CBF Chicagoland Bicycle Federation CBF Coronary Blood Flow CBF cubic feet Group, Inc., a business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in company exclusively focused on enterprise services to law firms. Ayala Corporation, one of the leading conglomerates in the Philippines and Integreon's majority shareholder, provided funding to finance the acquisition and future expansion capital. Terms of the transaction were not disclosed. Upon completion of the acquisition, CBF's management team will remain in place and continue to oversee day-to-day operations of the company's recently expanded North Dakota facility. "The acquisition of CBF Group enhances our position as the leading global provider of legal process outsourcing Legal Process Outsourcing (LPO) is the industry in which in-house legal departments or organisations outsource legal work from areas where it is costly to perform, such as the United States or Europe to areas where it can be performed at a significantly decreased cost, primarily services," said Liam Brown, Integreon's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "In addition to our substantial offshore facilities we now have a major operations center in a cost-efficient U.S. location, giving us the unparalleled ability to offer legal clients industrial scale outsourcing solutions both onshore and offshore." Mr. Brown also noted that the CBF acquisition gives Integreon relationships with two of the world's top three law firms and will allow the company to provide its associates with global career paths, thereby further enhancing its unrivalled employee retention rates. "Law firms are following the lead of their corporate clients and are increasingly looking at innovative forms of outsourcing as a means to drive operating efficiencies and cost savings," said Michael Bryant, CBF's Chief Executive. "Many U.S. law firms are more comfortable using an outsourcing firm based in their home country, but want the cost efficiencies that can sometimes only be achieved by utilizing offshore facilities. Merging with Integreon gives our clients the best of both worlds. We are especially excited that both companies share a passion for excellence in customer service and a commitment to employee training, retention and advancement." With almost 2,000 employees globally, Integreon serves many of the largest global law firms, investment banks and numerous Global 2000 corporations in both the U.S. and Europe. The company was named the top-ranked provider globally of high-value legal process outsourcing (LPO) services and the top-ranked provider of high value knowledge process outsourcing (KPO KPO Knowledge Process Outsourcing KPO Kenai Peninsula Orchestra (Alaska) KPO Keypunch Operator KPO Kensington Philharmonic Orchestra (UK) KPO Pohang, South Korea - Na (Airport Code) ) services in Brown-Wilson Group's prestigious 2006 annual survey of outsourcing service providers. Integreon has achieved strong organic growth of as much as 80 percent in each of the past five years and has recently signed significant new client contracts, including an agreement to build a service center in Delhi to support the administrative functions of Clifford Chance, the world's largest law firm. The company has also successfully integrated a number of acquisitions over the past few years and has retained key management and staff from each of those integrations. Integreon last year completed a management-led buyout in partnership with the Ayala Corporation, one of the leading conglomerates in the Philippines. The buyout allowed Integreon's management to increase its already significant stake in the company. Headquartered in Los Angeles, Integreon also has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , London and Mumbai. The company has announced plans to build service facilities in Manila and Delhi in 2007. About Integreon Integreon provides high value, complex BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra solutions (also known as Knowledge Process Outsourcing, or judgement-based BPO), specializing in document, content, knowledge and legal services legal services n. the work performed by a lawyer for a client. . Its clients include the world's largest financial services institutions, law firms, consultancies, publishing and media companies and Global 2000 corporations. For more information please visit www.integreon.com About CBF Group Inc. CBF Group is a U.S. owned and operated administrative and technology outsourcing solutions company, focused on providing professional service firms with high quality, cost-effective document production, word processing and technology support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . CBF provides support to lawyers, executives, and staff 24 hours a day, 365 days a year. CBF's Support Center is located in Fargo, N.D., with a newly opened sales office in the New York area. For more information please visit www.cbfgroup.net. |
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