With this foray, MeritTrac would get a firm foothold into one of the largest offshore destinations for business process outsourcing (BPO) in Asia, outside of India.
Tholons is engaged in a project to map attractive offshore locations in the Philippines and MeritTrac will partner with Tholons in mapping the talent pool for employability. Further, as a business partner of MeritTrac, Tholons will offer the entire suite of MeritTrac’s test offerings in the Philippines – primarily for the IT, BPO and the Education market. Tholons which already has a large presence in Manila will engage with clients in Philippines and be responsible for the delivery of the assessments as well. MeritTrac will provide test development, customization support and online hosting out of its Research & Development Center in Bangalore, India.
Commenting on the strategic partnership and foray into Philippines, Madan Padaki, Co-Founder and Director, MeritTrac Services, said, “The partnership with Tholons provides us a great opportunity to expand our footprint globally. The Philippines is an excellent destination for off-shore services and provides an immense opportunity for MeritTrac. Mapping the employable talent pool in Philippines would indeed be a pioneering work in that part of the world and this will pave way for the stakeholders to aggressively promote the country as a preferred outsourcing destination.”
According to Avinash Vashistha, Chairman & CEO, Tholons, Inc., “In a skills supply constrained market, growth will depend on the ability to identify, assess and retool people for employability. We have significant presence and human capital insights into global outsourcing locations including the Philippines, which we would like to further enrich with the scientific approach and expertise of MeritTrac. We are pleased to partner with Merit Trac and implement their new age solutions to address the talent challenges faced by the phenomenally fast growing outsourcing industry of Philippines. Further, the talent pool mapping, assessment and reports which we would hope to compile soon could help both the industry and academia to address the talent challenges in a scientific way and achieve the goal of successful services globalization.”
Tholons is the leading Advisory, Investment and Management Firm for IT, Business and Knowledge Services Globalization. Tholons offers a full range of services in the areas of:
• Services Globalization
• Private Equity Investments and Services and
• Operations Management
Tholons was started by the founder of neoIT (an offshore advisory firm) and select international outsourcing and investment experts. With the vast experience of consulting for Global 2000 and mid-market firms on more than 200 global engagements and impacting $5 billion of investments in globalization, the team delivers a set of "next generation" advisory and private equity services, tailored to the needs and opportunities of the evolving Services Globalization market. Tholons was recently ranked among the top 10 Boutique Advisory Firms by the Black Book of Outsourcing for 2007 and is the only firm focused on Services Globalization Advisory and Investment.
MeritTrac is India's Largest Skills Assessment Company having assessed over 2 million candidates for over 150 customers. A neutral organization that provides quantitative inputs on the talent pool and helps in measuring competencies for specific roles, MeritTrac designs and delivers assessment to evaluate abilities, skills and knowledge for both corporate & individuals. Neither a HR/Placement/Recruitment firm nor a Training agency, MeritTrac currently tests around 80,000 candidates monthly across IT, BPO, BFSI, Retail, and Engineering & Education verticals. Its clientele include marquee names like ABB, Accenture, Aricent, Cholamandalam DBS, Cognizant, Google, HAL, Honeywell, HP, HSBC GLT, IBM, ICICI Bank, ICICI Prudential, ITC, Microsoft, MindTree, NSE, SAP Labs, Satyam, TESCO, Wipro and Wockhardt.
MeritTrac also partners state government under its TracSkills program and is currently the assessments partner to the Governments of Karnataka, Kerala, Orissa and West Bengal. MeritTrac also partners several academic institutions like Bharathiar University for assessing their students on industry-readiness Headquartered in Bangalore.MeritTrac has 450+ fulltime employees and over 1000 certified test administrators operating out of offices in all the metros of India. MeritTrac also operates 21 state-of-the-art online testing centers - “MeritTrac Assessment Zones” across 16 cities, having 1300+ online terminals.
MeritTrac operates through offices in Bangalore, Hyderabad, New Delhi, Mumbai, Pune, Chennai, Kolkata and Coimbatore. MeritTrac assessments have also been delivered in countries like Brazil, China, Costa Rica, Mauritius & Philippines. MeritTrac is represented by business partners in the USA & the Philippines. MeritTrac is an investee company of Manipal Education Group (MEG).