Altschuler Said OfficeTiger Employees Did “Very Analytical Work…Not Just Black-And- White Rote Transactional Work.”
According to American Banker, “Workers at OfficeTiger'sfacilities in Chennai, India; Colombo, Sri Lanka; and the Philippines already do ‘“very analytical work,’ such as modeling cash flows for investment bankers, said Randy Altschuler,a co-founder andco-chief executive of OfficeTiger, which is based in New York. ‘It's not just black-and-white rotetransactional work.’” [American Banker, 9/12/05]
OfficeTiger Provides Support Services To Companies And Firms, Including Data Analytics And Research, Transaction Processing, Pre-Media And Financial Management.
According toSecurities Industry News, “The company offers four categories of support services to investmentbanks, law firms, consulting and accounting firms and others: data analytics and research, transactionprocessing, pre-media and financial management. Data analytics and research includes businessinformation services, strategic market research, data analytics and financial analytics, while transactionprocessing supports the digitization, processing, access and management of electronic content. Pre-media services involve preparation of documents from creative and design stages to word processing and desktop publishing. Under financial management the company supports and standardizesspecialized finance and accounting functions, including financial reporting, internal financial analysis,payables and receivables management, and billing and invoicing.” [Securities Industry News,4/18/05]
OfficeTiger's Clients Include Seven Of The 12 Largest Wall Street Banks, A Big Four Accounting Firm, And Other Major Companies.
According to the New Yorker, OfficeTiger'sclients included ”seven of the twelve biggest banks on Wall Street...Office Tiger also performed work for a Big Four accounting agency, several white-shoe Northeastern law firms, an insuranceconglomerate, two large publishing concerns, a Madison Avenue advertising agency, globalmanagement consultancies, and other enterprises whose identities were not divulged to workers of the resume-typing rank.” [New Yorker, 7/5/04]
New Yorker: OfficeTiger “Undermin[ed] The Assumption That Only The Manufacture Of Goods, Not The Provision Of Services, Could Be Exported.”
According to the New Yorker,“And, by the time Randy and Joe turned thirty and outsourcing had become a term of art, they wereundermining many of the assumptions that Americans try to nurture while watching their nation'sjobs go overseas...One false assumption had been that only the manufacture of goods, not theprovision of services, could be exported.” [New Yorker, 7/5/04]
Newsday Reported Altschuler And His Partner Sold OfficeTiger For $250 Million.
According to New York Newsday, “Bishop’s sharpest attacks focus on Altschuler’s former company OfficeTiger, which supplied back-office jobs from Asia to American and foreign companies. Altschuler and a partner later sold the company for $250 million.” [New York Newsday, 9/15/10]
ALTSCHULER WAS AN ENTHUSIASTIC BOOSTER FOR OUTSOURCING
Time Magazine: Altschuler Is “Devoted to Making Outsourcing Happen”
According to TimeMagazine, “Another factor speeding things up is the development of an industry devoted to making outsourcing happen, thanks to entrepreneurs like Randy Altschuler and Joe Sigelman. Just five yearsago, they were junior investment bankers at the Blackstone Group and Goldman Sachs, one in New York City, the other in London. During one particularly long night of proofreading PowerPointslides and commiserating by phone about finding yet another error courtesy of their companies' in-