As more companies turn to outsourcing to alleviate budget issues and increase productivity, they are generating more business through multisourcing agreements in tandem with other firms. Through multisourcing, smaller firms are being given the opportunity to compete with larger organizations.
Early in 2006, General Motors announced a $15 billion, five-year outsourcing plan and awarded long-term contracts to a host of vendors, including EDS, Hewlett Packard, Capgemini, IBM, Compuware, Covisint and Winpro.
Private equity firms with cash flow are turning their attention to multiple small and midsize technology outsourcing firms to meet their needs. According to analysts, similar long-term contracts and the resulting stable cash flows make the companies attractive takeover targets for equity firms.
Servicing clients like these is the expertise of Quintek Technologies, a rapidly growing outsourcing firm based in Huntington Beach, Calif. Since 1991, the company has provided outsourced back-office services to Fortune 500 companies and federal agencies alike. Last year, Quintek posted a 418 percent increase in revenues.
Quintek is an industry leader in document management and related back-office services, providing a variety of customized solutions for financial, insurance, medical, professional and government institutions of all sizes.
Clients rely on Quintek to quickly, efficiently and accurately convert paper documents into electronic images and to capture and process mission-critical data from imaged documents through customized and state-of-the-art workflow solutions.
Quintek's Business Process Optimization solutions encompass a wide range of services, such as mailroom services, document scanning and imaging, on-shore and off-shore data entry, and image and data distribution.