AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share

Ovex Technologies

Company nameOvex Technologies
Company typePrivate ISO 9000:2001
IndustryBusiness Process Outsourcing
HeadquartersIslamabad, Pakistan
Key peopleOmar Saeed, Former Chairman & CEO
Revenue$800 Million

     Home | Company | Ovex Technologies

Ovex Technologies, a subsidiary of En Pointe Technologies (NASDAQ: ENPT), is a third-party offshore Business Process Outsourcing (BPO) provider in Pakistan.

In total, it has eight facilities, located in the cities of Karachi, Lahore and Islamabad. The company has also recently opened their new facility located in the 'Blue Area' (the fourth office in the Federal Capital); it is solely dedicated to projects commissioned by PremierBPO. The company's clientele ranges from Fortune 500 companies, to dynamic medium-sized businesses, located primarily in the United States. Major clients include Enpointe Technologies and PremierBPO. Currently, Ovex Technologies employs over 850 employees. The company was established in January 2003.

As of October 1, 2006, 70% of the equity of the Ovex has been acquired by its long-time client En Pointe Technologies,

which was the first acquisition made by a US publicly-traded company in Pakistan. The deal was worth $1.68 million; the total amount broke down as $240,000 in cash, $240,000 in form of unregistered common stock shares of En Pointe Technologies, and $1,200,000 of Note Payable (Interest Applicable) due on October 2007. The beneficiary of this trade was the Saeed Brothers, Omar and Arif Saeed.

An agreement may have been reached among En Pointe, the present owners of Ovex, and the original Ovex management, to separate Ovex Technologies (Pvt.) Limited and Ovex Global. Ovex Global is being looked after by Bob Din's son, Ali Din and Kevin Schatzle, whereas the Ovex Technologies business is being led by Omar Saeed's Team.

In the financial year of 2005-2006, Ovex was one of the five companies which contributed the most to the rise in Pakistan's IT exports by value. Together with United States firm Enpointe Technologies, the company has invested more than $2 million in various IT-related areas in Pakistan .

Warning: simplexml_load_file( [function.simplexml-load-file]: failed to open stream: HTTP request failed! HTTP/1.0 410 Gone in /home/askbio/public_html/index_bio.php on line 257

Warning: simplexml_load_file() [function.simplexml-load-file]: I/O warning : failed to load external entity "" in /home/askbio/public_html/index_bio.php on line 257

Fatal error: Call to a member function children() on a non-object in /home/askbio/public_html/index_bio.php on line 260