New York, (PRWEB) April 25, 2005
Manish Modi, President and CEO of New York based Market Research Outsourcing and Consulting firm exÃ«vo, today announced major client wins and as well as aggressive growth plans. exÃ«vo was formed in June 2002 as an Offshore Outsourcing and Consulting firm and has established a leadership position in the booming Market Research and Analytics industry.
Speaking on the occasion, Manish Modi said, ÂThe global market research industry is in a state of rapid and aggressive consolidation. As the priority of the industry shifts towards realizing gains through integration, there exists a real and immediate need for highly focussed, entrepreneurial firms to provide scalable, best-of-breed, research solutions to the evolving industry.Â
exÃ«vo provides a complimentary range of research outsourcing and support services including Data Collection, Data Entry, Data Processing and Data Analysis. Mr. Modi described the market opportunity for global offshore research services in excess of $1 billion and growing at an annual rate of 60%.
Speaking on the occasion, Mr. Alok Tayal who is a co-founder of exÃ«vo and presently heading their Client Servicing function, had this to say, ÂWe are currently working with twenty clients who range from boutique, vertically specialized research firms to large, diversified ones. All of them expect best-in-class services and solutions from exÃ«vo, and we are building a world-class company to respond to that need. exÃ«vo currently provides research solutions utilizing seven languages in thirty countries across five continents. Our goal is to expand, both, the breadth and the depth of our offerings over the next 6-12 months.Â
ÂWe have been experiencing 250% revenue growth for the past two years and are well on our way to improve upon that over the next few years. We continue to invest in expanding our client as well as our employee base, and have recently expanded our operations to Europe.
When asked about the companyÂs future plans, Mr. Modi added, ÂWe are building a very unique and valuable asset and are well positioned to play a leadership role in this very vibrant, high growth industry. We will see continuing global consolidation within the industry, and offshore companies with unique and differentiated capabilities like exÃ«vo will be in a position to play an anchor role.Â
About exÃ«vo, Inc.
exÃ«vo is a Market Research Outsourcing and Consulting firm that helps global Market Research organizations with their primary and secondary research and support needs. exÃ«vo was founded in 2002 and is headquartered in New York with offshore delivery capabilities in New Delhi, India. The company is privately held by strategic investors as well an executive team with extensive international business experience in areas of Technology and Process Consulting, Offshore Program Management, and Business Process Outsourcing. exÃ«vo is currently executing more than three dozen processes across 20 clients located in North American and Europe.
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