-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 EzYXDsZMJki6VJb2KKGnF0bXJBKOVv66BbiGF/aEwEUvwl0Xmd8wYvuLGvOGnRln
 mpRYXih3wJgC17O7MKpYcw==

<SEC-DOCUMENT>0001005477-08-002654.txt : 20080402
<SEC-HEADER>0001005477-08-002654.hdr.sgml : 20080402
<ACCEPTANCE-DATETIME>20080402170324
ACCESSION NUMBER:		0001005477-08-002654
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080402
FILED AS OF DATE:		20080402
DATE AS OF CHANGE:		20080402

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BPO Management Services
		CENTRAL INDEX KEY:			0001015920
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				222356861
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		1290 N HANCOCK HILLS
		CITY:			ANAHEIM HILLS
		STATE:			CA
		ZIP:			92807
		BUSINESS PHONE:		714-974-2670

	MAIL ADDRESS:	
		STREET 1:		1290 N HANCOCK HILLS
		CITY:			ANAHEIM HILLS
		STATE:			CA
		ZIP:			92807

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RESEARCH ENGINEERS INC/
		DATE OF NAME CHANGE:	20000317

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NETGURU INC
		DATE OF NAME CHANGE:	20000308

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RESEARCH ENGINEERS INC
		DATE OF NAME CHANGE:	19960603

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CLEVELAND RUSSELL
		CENTRAL INDEX KEY:			0001132090

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28560
		FILM NUMBER:		08734366

	MAIL ADDRESS:	
		STREET 1:		8080 N CENTRAL EXPWY
		STREET 2:		STE 210 LB 59
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75206
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-04-02</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001015920</issuerCik>
        <issuerName>BPO Management Services</issuerName>
        <issuerTradingSymbol>OTC:BPOM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001132090</rptOwnerCik>
            <rptOwnerName>CLEVELAND RUSSELL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>8080 N. CENTRAL EXPRESSWAY</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 210</rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75206</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>J Warrant (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>9.60</value>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-04-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>5</transactionFormType>
                <transactionCode>X</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>52084</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2007-06-13</value>
            </exerciseDate>
            <expirationDate>
                <value>2008-06-13</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Series D-2 Convertible Preferred</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>52084</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>104168</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>shares are held by Renaissance Capital Growth &amp; Income Fund III, Inc.</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>J Warrant (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>9.60</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-04-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>5</transactionFormType>
                <transactionCode>X</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>65105</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2007-06-13</value>
            </exerciseDate>
            <expirationDate>
                <value>2008-06-13</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Series D-2 Convertible Preferred</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>65105</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>130210</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>shares are held by Renaissance US Growth &amp; Income Trust, PLC</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>J Warrant (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>9.60</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-04-04</value>
                <footnoteId id="F1"/>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>5</transactionFormType>
                <transactionCode>X</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>65105</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2007-06-13</value>
            </exerciseDate>
            <expirationDate>
                <value>2008-06-18</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Series D-2 Convertible Preferred</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>65105</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>130210</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>shares are held by US Special Opportunities Trust PLC</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>J Warrant (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>9.60</value>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-04-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>5</transactionFormType>
                <transactionCode>X</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>26042</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2007-06-13</value>
            </exerciseDate>
            <expirationDate>
                <value>2008-06-13</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Series D-2 Convertible Preferred</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>26042</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>52084</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>shares are held by Premier RENN US Emerging Growth Fund Limited</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The Company reduced the per share warrant exercise price payable upon exercise of its Series J Warrant from $14.40 to $9.60, effective during the period between March 26, 2008 and April 4, 2008.  Any remaining warrants remain exerciseable at $14.40.</footnote>
        <footnote id="F2">Russell Cleveland is President of RENN Capital Group, Inc., Investment Advisor to Renaissance Capital Growth &amp; Income Fund III, Inc., US Special Opportunities Trust PLC, Renaissance US Growth Investment Trust PLC and Premier RENN US Emerging Growth Fund Limited, and therefore may be considered beneficial owner of such shares.  Russell Cleveland disclaims such beneficial ownership.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s Russell Cleveland</signatureName>
        <signatureDate>2008-04-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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