PeopleSupport Confirms Receipt of Unsolicited Proposal to be Acquired

LOS ANGELES--(BUSINESS WIRE)--PeopleSupport, Inc. (Nasdaq:PSPT), a leading offshore business process outsourcing (BPO) provider, today confirmed that it received a letter from IPVG Corp. and AO Capital Partners proposing to acquire PeopleSupport for $15.00 per share.

The Board of Directors of PeopleSupport will carefully consider and evaluate IPVG Corp. and AO Capital Partners’ unsolicited proposal. PeopleSupport recommends that all shareholders defer making any determination in reliance upon IPVG Corp. and AO Capital Partners’ unsolicited proposal at this time.

About PeopleSupport

PeopleSupport, Inc. (Nasdaq:PSPT), is a leading offshore business process outsourcing (BPO) provider that offers customer management, transcription and captioning and additional BPO services from its centers in the Philippines, Costa Rica and the United States. PeopleSupport's services are designed to reduce costs, improve performance and increase revenues by delivering high quality, value-added, multilingual voice and text services. A majority of PeopleSupport's services are performed in the Philippines, where PeopleSupport is one of the largest outsourcing companies, employing approximately 8,400 college-educated, fluent English speaking personnel. Headquartered in Los Angeles, California, with approximately 9,000 employees worldwide, PeopleSupport serves clients in a variety of industries, such as travel, consumer, financial services, healthcare, insurance, technology, telecommunications, entertainment and education. For more information, visit www.peoplesupport.com.