Wednesday, February 16 2005 09:54 Hrs (IST) - World Time -

Chennai: Expecting knowledge-based outsourcing to become the 'next big opportunity', Scope e-Knowledge Centre yesterday (Feb 15, 2005) said it would expand its global footprint and increase workforce.

"Knowledge Process Outsourcing is the next big opportunity. More and more global corporations will be outsourcing processes like data and intellectual property research works. In view of this emerging opportunity, we have decided to enhance our global presence and also the manpower," its director and CEO R Sivadas said.

"We will double our manpower in London and Brussels, which is acting as a hub for the European market," he added.

The company would also increase its total manpower to 600 during the year from the current 400.

Scope is also in discussion with a few publishing firms in Germany and hopes to strike a deal in the next couple of months. It is already doing a project for a US company in Germany.

The revenue of the company is expected to be around $ 3.5 million by the end of this fiscal. "For next fiscal, we target a revenue of $ 8 million. We hope to maintain a growth rate of 150 per cent in the next few years," he added.

Around 65 per cent of the revenue is expected to come from the US and 35 per cent from the UK.

The Chennai-based company, which has presence in New York, London and Brussels, added 12 key clients in the last two years and the top three clients contribute about 65 per cent of the total revenue.