PIRON Consulting Readies for IFRS Outsourcing Requirements with its BPO
PIRON Consulting Acquires Fifty Percent Stake in REAL TIME BPO

New Delhi, Delhi, India, Wednesday, January 13, 2010 -- (Business Wire India)

PIRON Consulting has acquired fifty percent stake in REAL TIME BPO and it will now be called 'PIRON REAL TIME BPO'. This stake has been acquired to strategically place PIRON for catering to the IFRS outsourcing requirements. As corporate India prepares itself for transition to International Financial Reporting Standards (IFRS), PIRON consultancy realized the need for preparedness for IFRS expertise demand and takes this holistic approach to meet the requirements.

"As major part of world is moving towards IFRS, hence PIRON is sensing great outsourcing opportunity in IFRS accounting and compliance related outsourcing work from these countries. PIRON would be doing all its Europe outsourcing work on IFRS through this BPO. There is a scarcity of IFRS experts in US also, so outsourcing would be the key which would in turn benefit Indian IFRS Professionals”, explained Ankur Aggarwal, CEO, PIRON Consulting.

“IFRS transition in Europe and US is a huge opportunity for the IFRS Experts in India and holds a big business opportunity”, feels Mr. Abhishek Asthana, Chartered Accountant and member of ICAI. Through this acquisition, PIRON which is already very actively involved in IFRS education, training and consulting will be able to place itself as an organization which is providing end to end services in IFRS", Mr. Asthana added.

Many Indian companies have still not started investing time and efforts on the implementation of this transition process considering the overall lack of clarity on several key aspects. However, as this clarity emerges and the deadline draws closer, consultants expect to see a lot more companies working on implementing the changes and increasing their internal readiness through technical up gradation, process and technological changes which in turn should translate into a big business for India Inc.

About Piron:

PIRON specializes in offering training and consulting services in the sphere of accounting and finance. It provides comprehensive solutions in the realm of IFRS through its various group companies. PIRON Consulting, a division of PIRON Group, specializes in providing tailor-made in-house training & consulting services in IFRS:

-- Training on IFRS Overview, tailor-made detailed IFRS workshop and industry specific workshops.
-- Assisting companies in impact analysis of IFRS adoption
-- Designing the IFRS diagnostic kit for companies
-- Providing consulting in first time adoption of IFRS

PIRON Education, another division of PIRON Group, specializes in providing IFRS certification programs in alliance with its European partners is providing training to corporate and individuals in Diploma in IFRS (DipIFR), approved by ACCA, the world’s largest accountancy institute. Piron is the only institution in India providing ACCA’s officially approved study material of DipIFR and also certified with the highly prestigious Gold Approved Learning Partner status by ACCA. Available in 105 cities in India through Reliance World Centers and all across the world through real time e-learning at www.flexiguru.com