Outsourcing News and Top
Outsourcing deals
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Outsourcing in engg $40 bn opportunity: Nasscom report
Offshoring of engineering services is
estimated to be a $40 billion opportunity for
the Indian software services sector by 2020.
According to a report prepared by Nasscom and Booz
Allen Hamilton, globalisation of engineering services
will be the next growth frontier for India and this is
expected to create 2.5 lakh jobs in India.
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Outsourcing: A Satyam Planview Tie-Up
U.S. bank, Wells Fargo has fourth quarter plans that involve opening a technology facility in Hyderabad, India, and cited a shortage of qualified technical talent in the United States as the raison d’etre for its Indian venture..
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Wells Fargo To Set Up Indian Operations
BBX offers outsourced software development
and IT services to Japanese companies,
including NEC Corp., Nomura Securities
Co. Ltd., Toshiba Corp., and Hitachi Ltd..
The acquisition of BBX will boost Achievo's
presence in Japan, the San Ramon, California, company said.
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Significance of Offshore Staff Outsourcing in the IT Business World
Offshore staff outsourcing is now becoming
a huge trend in the world of business.
From large scale, to companies who are
just starting up, it is obvious that
they have been improving themselves
continually to maintain and upgrade their
status to survive in today’s highly competitive market.
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$88bn of outsourcing deals up for renewal
Outsourcing deals worth a total of $88bn per year
globally are up for renewal in the next two years,
with a large share of those contracts at risk of
being given to new suppliers or lower cost offshore
players, according to new research.
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Bharti in Rs 450 cr outsourcing deal with IBM
Bharti Airtel is understood to have
entered into an agreement with IBM for
managing its IT and network-related services.
The deal size is likely to be over Rs 450
crore for a period of 10 years, sources in the know said.
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Outsourcing firms helping Western businesses !
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Lakshmi Narayanan, CEO of Cognizant explaining how Western firms can benefit from the growing trend of off-shoring / outsourcing to India, informs outsourcing to India is not even close to hitting its peak.
And, he should know, since Cognizant Technology Solutions (CTSH) has been on a tear ever since it began outsourcing to India. Surprising investors with a 2005 fourth-quarter earnings of $57.7-million, Cognizant has witnessed a year-over-year increase of 89% thanks to its operations in India. Its earnings were 50% higher than in the same period in 2004, that even without a one-time tax gain benefit. Similarly, 12-year-old former Dun & Bradstreet (DNB) unit, based in Teaneck, New Jersey, experienced fourth-quarter sales of $257-million and a market cap of $7.6-billion, and had its shares trading around $55, up 31% from a 52-week low of $42. Little wonder, the company is ranked in Business Week’s IT-100 list. To clarify, Cognizant’s
powerful growth is due to
exposure to two inexorable
global trends. An
information-technology
services outfit, like another
New York based firm i.e. A1
Technology, it helps corporate
clients meet their technology
needs, without taking risky
bets that would cause hardware
or software to dominate the
volatile market. As
outsourcing firms helping
Western businesses outsource
IT tasks to high-quality,
low-cost workers in India,
Cognizant and A1 Technology
are in a market where clients
are racing to spend money and
invest in India.
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