HOV seeks to invest in established businesses synergetic with other portfolio companies. In achieving our objectives, we look to buy profitable companies with predictable cash flows.

An ideal candidate company should also be able to:

• Benefit from the additional service lines that can be cross-sold among the HOV group of companies
• Gain new business opportunities through expanded strategic relationships and partnerships
• Realize savings associated with leveraging our delivery platform(s) in India and China and other countries

As global businesses seek to better manage their cost structures and minimize risk by taking on only those long-term assets that are essential to their business success, they will ensure survival— especially, in times of economic distress—by turning to companies that offer outsourced solutions, end-to-end strategies and global presence.

Underpinned by this fundamental, long-term trend, the Business Process Outsourcing and Knowledge Process Outsourcing sectors have specific attributes that are key to our model:

• Services can be cross-sold within the HOV group of companies
• Cost structures can be improved through a low-cost delivery platform common to all our portfolio companies
• Branding, vertical market expertise and best practice implementations together create stable vendor-client relationships that are sustainable over relatively long periods and are supported by predictable future cash flows
• Valuations are disparate and/or low, so continuous opportunities for opportunistic mergers and acquisitions exist
• Sector growth is favorable when compared with other industries
• A scalable business model

We also seek to acquire businesses in other sectors in which:

• Asset values are complimentary
• Our team can make a significant contribution to company operation
• Clients and/or technologies within those sectors are in harmony with the operations of HOV’s portfolio companies

Our team members have extensive operational and transactional expertise with vast experience in structuring M&A transactions, start-to-finish execution of going public or going private opportunities and strategic divestitures. HOV strategy seeks leveraging opportunities beneficial to our portfolio companies—expanding the breadth of our global base of contacts with potential partners, clients, financial institutions and other members of the corporate value chain.

Most importantly, we look for acquisition opportunities that potentially improve the service offerings of both the acquired company and our growing HOV portfolio of companies.