Company Launches to Address Logistics Outsourcing Industry

Aegis InterWorld to provide suite of end-to-end business process outsourcing services, solutions

Aegis InterWorld to provide suite of end-to-end business process outsourcing services, solutions

Memphis, TN — August 8, 2005 — Aegis InterWorld Inc. (AIW), a provider of business process outsourcing (BPO) services and solutions, today announced the official launch of the company to address the growing logistics BPO market.

AIW, supported by a private equity investment funded by Essar Group, said its domain expertise is specific to logistics, and therefore the company is offering integrated capabilities to organize, optimize and orchestrate logistics management functions across the entire enterprise.

AIW's business process optimization and outsourced business process management capabilities are centered around core supply chain and logistics functionality, including procurement planning, bidding and cost analysis, order fulfillment and transportation logistics. The company said it also focuses on the analysis and re-structuring of business processes to provide customers with a roadmap for improvement, as well as to foster Sarbanes-Oxley compliance and support best practices initiatives such as Six Sigma and SCOR. AIW said it has operations in both the United States and India to support its services.

"In today's business climate, companies recognize the need to outsource certain operations in order to remain competitive. However, higher-end processes such as logistics have historically been overlooked by traditional off-shore-based BPO providers that do not have the experience to focus on this crucial business function," says Mark Skoda, CEO of Aegis InterWorld. Skoda went on to say that Aegis InterWorld addresses those logistics needs through its domain expertise, customer-centric approach and world-wide operations.

Initial market projections from research firm IDC estimate that the global market for logistics BPO is $155 billion and is expected to grow 12 percent per year for the next five years, reaching $276.5 billion ("Worldwide and US Logistics BPO Service Forecast 2003-2007"). IDC expects the worldwide BPO market to reach $682.5 billion by 2008.

Skoda has over 30 years of supply chain and logistics experience, including 11 years of international operations leadership. He has been an executive with UPS Europe as well as vice president of Federal Express' Asia Pacific logistics services. Skoda also served as CEO of Mark VII, a holding company that provides transportation and logistics services through its subsidiaries, and FreightMax, the logistics outsourcing division of i2 Technologies. In addition, Skoda worked with Penske Logistics, a wholly owned subsidiary of Penske Truck Leasing, a joint venture of Penske Corp. and General Electric.

For more information on business process outsourcing, see these articles.