BayanTrade was an e-Marketplace… which failed BUT… successfully evolved into a leading BPO service company. BayanTrade is one of the 16 members from the famous Open Network for Commerce Exchange (ONCE). Based on SAP technology and initially covering Asia only, BayanTrade is looking to expand in America and Europe:
“BayanTrade is the brainchild of the Philippines’ six largest business conglomerates in the Philippines – Aboitiz & Company, Inc., Ayala Corporation, Benpres Holdings Corporation, JG Summit Holdings, Inc., Philippine Long Distance Telephone Company (PLDT) and United Laboratories, Inc. Founded in 2000 as an e-Marketplace, BayanTrade has evolved dynamically into a leading business process outsourcing (BPO) services company.
A relatively young company only at 6 years, BayanTrade has been cash positive since 2003 and has achieved profitability in 2005. The company is tracking well financially for 2006, growing both in revenues and net income significantly. For 2006, BayanTrade is looking to grow its revenues by more than 50-60% and its profits by 300% over last year’s performance.”
It’s worths a look.