Offshore Software Outsourcing

Toll Free 1-(888) 276-4064

Issue 3

January 2006

Outsourcing News and Top Outsourcing deals

IT Off-shoring / Outsourcing Services Multiply

Among the ten biggest firms in the off-shoring / outsourcing market, services revenue of HP grew fastest at 22%, while Capgemini, IBM and Northrup Grumman recorded growth in double digits... Read more

Outsourcing: Made In India Mortgages

Five years from now, mortgages won’t be drawn up in USA; they will be made in India. You think ‘Process my mortgages in India, impossible!’, but a reality check will tell you it is very much possible... Read More

Genpact strikes F&A outsourcing deal in Euro land

Genpact, formerly GE Capital International Services, has signed yet another multi-year contract with German-based technology group Linde to provide finance & accounting services... Read More

EDS, Mubadala win Persian Gulf outsourcing venture

A joint venture between EDS Corp. and a company in the United Arab Emirates won a 10-year, $110 million IT contract with the water and electricity authority of the city of Abu Dhabi... Read more

Capgemini wins accounting outsourcing contract from Zurich Financial

Capgemini SA has won a multi-year finance and accounting outsourcing contract from Zurich Financial Services Group that will cover operations in Switzerland, Germany... Read more

Gap signs 650m outsourcing deal with IBM

Clothes retailer Gap has signed a 10-year, $1.1bn (£650m) IT outsourcing deal with IBM... Read more

Outsourcing Knowledge Base

McKinsey - Global demand for Talent

In 2008, total offshore employment will reach an estimated 1.1 percent of total demand for labor in services from developed countries, equivalent to 4.1 million employees... Read more

Outsourcing on Business Week

Business week has a major story on Outsourcing and India. Beyond the cost and time savings, BofA says it has also seen an improvement in the quality of some programming work. The new buzzword is "transformational outsourcing"... Read more

Outsourcing: Beating forecasts, Wipro Witnesses a 24% rise in Profits

Wipro, India’s third largest software exporter reported a better than expected 24% jump in quarterly profit. A turnaround in its back office unit and strength in Europe helped Wipro grow 8% from last year to $510-million... Read more