ICT Group explained

ICT Group, Inc.
Traded As:NASDAQ:
Location City:Newtown, Pennsylvania
Location Country:United States
Locations:40 centers (2009)
Area Served:Worldwide
Industry:Business process outsourcing
Services:Call centers
Revenue: US$453,621,000 (2007)
Operating Income: US$-$7,053,000 (2007)
Net Income: US$-11,809,000 (2007)
Assets: US$225,600,000 (2007)
Equity: US$167,189,000
Num Employees:18,000 (2009)

ICT Group, Inc. was a multinational call center and outsourcing company based in the Philadelphia suburb of Newtown.

During the Great Recession, it closed call centers in the United States and Canada, and reduced staff numbers in the United Kingdom, Ireland and Australia, as part of a plan to move its operations to lower-wage countries.[1] [2]

On February 2, 2010, ICT was acquired by Sykes Enterprises, Inc., a Tampa-based company.

Notes and References

  1. News: ICT closing call centers, seeking lower-cost sites . . January 5, 2009 . subscription.
  2. http://www.goerie.com/apps/pbcs.dll/article?AID=/20090115/NEWS02/301149840 Laid-off worker sues ICT Group | GoErie.com/Erie Times-News