February 27, 2013
Stream Global Services Acquires LBM
By Mini Swamy
Growing a business is not easy in a fast-moving business world that is fraught with risks and uncertainty. That’s why many companies choose to acquire existing firms that complement their activities as it gives them the necessary impetus and added momentum.
And that’s exactly why Stream Global Services, a global business process outsource(BPO) service provider, reportedly chose to acquire all the outstanding share capital of LBM Holdings Ltd. and related LBM group companies.
“We look forward to the opportunity to add value to our existing clients and to grow with a company that has a global presence, strong reputation, and an exceptional client base," observed Nicola Beamish, chief financial officer of LBM.
Stream Global claims that as a consequence, it will be able to offer a full suite of demand and lead generation capabilities to clients and prospective business partners, and also enhance its sales and revenue generation service offerings.
The BPO provider currently delivers sales and related services through its proprietary StreamSELLER service offering, while LBM is a premier demand and lead generation solutions provider that can create highly precise target lists of people, who are likely to buy products and services.
Hence, by adding the LBM lead generation capability, Stream will be positioned to enhance its StreamSELLER offering, establish a broader portfolio of high-value services, and also deliver a more comprehensive sales solution to its global clients.
LBM’s people expertise and capabilities combined with Stream’s financial strength, global presence, sales and service offerings, is being viewed as the desired prerequisite for new opportunities and extension of services on a much larger scale.
With approximately 2,500 employees across six locations in the United Kingdom, LBM has been providing solutions for companies in a range of industries, and Stream operates more than 50 service centers globally with more than 37,000 employees worldwide.
Edited by Brooke Neuman