Irvine, Calif. (June 11, 2003) -- Big Four firm PricewaterhouseCoopers sold its international business process outsourcing operations to Exult Inc., a provider of human resources-led business process outsourcing for Global 500 companies, for $17 million. Regulatory issues prompted the divestiture.
"BPO has been a strategic service line within PwC for several years, and the business has gained recognition as a leader in the BPO market. However, the demands of the regulatory environment have caused PwC to divest this business,” said Richard Smith, PwC BPO global leader. The firm has one remaining international BPO contract.
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