ADEC Solutions and Zuellig Pharma to Partner in Pharma KPO Joint Venture

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Aug 08, 2011, 03:00 ET

MANILA, Philippines, Aug. 8, 2011 /PRNewswire/ -- ADEC Solutions, an end-to-end business process outsourcing (BPO) global market provider of customized outsourcing solutions, announced a partnership agreement with Zuellig Pharma, uniting the two companies to create a global pharmaceutical and healthcare-focused knowledge process outsourcing (KPO) and BPO powerhouse. This new joint venture, operating under a 50/50 ownership agreement, will operate under the name Pharma KPO.

The Pharma KPO venture, which will be incorporated in Singapore, is forged on ADEC Solutions and Zuellig Pharma's commitment on proactively anticipating and adapting to industry trends to facilitate operational changes by streamlining costly and repetitive back office and support processes to enable clients to refocus on strategic activities.

Pharma KPO expects to capitalize on innovative synergies, enhanced by the shared knowledge expertise and efficiency that both parent companies are already known for in their respective space. It aims to take advantage of cost-driven business opportunities by providing processes to fill the demand for alternative service delivery models, with an immediate focus on information technology, BPO, KPO, shared services, and general administrative and support functions.

Transaction Highlights:

Large and scalable operating platform
Both companies combine respective expertise and wide client base to strategically meet the demands of the dynamic and growing pharmaceutical outsourcing market
Talented and experienced global management teams
Established globally competitive partners
Proven expertise in respective fields
Increased exposure to global customers through extensive global footprint
Expansion potential to foreign markets
New vertical integration with revenue growth opportunity

About ADEC Solutions

ADEC Solutions, part of the ADEC Group of Companies, is a leading global market provider of customized business process outsourcing solutions to clients worldwide. ADEC Solutions specializes in Document Management Solutions, Finance and Accounting Solutions, Healthcare Solutions, Logistics Administration, Sustainability Process Management Solutions and Legal Solutions. The company has over 5,000 personnel globally with offices and delivery centers across the USA, UK, Australia, Philippines and China. For more information, visit www.adec-solutions.com.

About Zuellig Pharma

Zuellig Pharma has established itself as the leading healthcare-related distribution solution specialist in the region, with over USD 7.5 billion in annual sales, serving 14 countries and regions in Asia for over 60 years. Zuellig Pharma provides principals with cutting-edge distribution solutions to address specific needs throughout the supply chain in Asia. Regionally headquartered in Hong Kong to oversee strategic planning and regional business development, the company now has extended operations in the Philippines, Thailand, Singapore, Malaysia, Brunei, Hong Kong, Macau, Taiwan, Vietnam, Cambodia, Korea, Indonesia, India and Bangladesh.