Wednesday, July 28th, 2010
Indian operator to award contract worth more than $1 billion.
Bharti Airtel Ltd. has shortlisted five companies for a contract worth more than $1 billion to provide technology outsourcing services for its newly acquired African operations, the Economic Times newspaper reported Friday, citing two unnamed people with direct knowledge of the matter.
The report said International Business Machines Corp.–which currently provides information technology services to Bharti Airtel in India and Sri Lanka–Hewlett-Packard Co. and Accenture PLC are among the multinational vendors, while Wipro Ltd. and Tech Mahindra Ltd. are the Indian vendors that have been shortlisted.
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Friday, July 9th, 2010
BNY Mellon Asset Servicing has received a new outsourcing contract from Seattle-based Rainier Investment Management.
BNY Mellon said it will provide a range of outsourcing support, including accounting, performance measurement, account opening, account reconciliation, client reporting and client billing to Rainier Investment.
Tweet this!Wednesday, May 19th, 2010
NEW YORK CITY – IT outsourcing service providers that want to work with major tech companies had better, in the immortal words of James Brown, “get up, get into it, and get involved.”
Representatives from several leading-edge sourcing buyers made it clear at a panel discussion here at the NASDAQ Building in Times Square last night that they’re looking for providers who aren’t just skilled developers but who also know how to engage as real partners in a project. Taking orders and typing code won’t be enough. Oh, and playing video games can also be important.
Risky Behavior Encouraged
Tweet this!Wednesday, May 19th, 2010
Integreon, the global provider of research, legal and professional business solutions, today announced that CMS Cameron McKenna LLP, UK member firm of CMS, the leading European provider of legal and tax services, has signed a 10-year agreement with the company for outsourced Middle Office services. This includes substantial portions of accounting and finance, human resources and training, marketing and communications, learning and development, library and information services, research, information technology, facilities and other services. The total value of services addressed by this agreement is £583 million, the legal industry’s largest outsourcing agreement ever.
Tweet this!Wednesday, May 12th, 2010
Ericsson holds onto Hutchison IT… for now.
Vodafone Hutchison Australia has outsourced its service management for key parts of its mobile network to Nokia-Siemens Networks in a seven-year deal announced today.
NSN beat off rivals Ericsson and Huawei to secure the contract.
Tweet this!Friday, May 7th, 2010
The Greater Toronto Airports Authority (GTAA) has outsourced its entire IT infrastructure to IBM Canada so that air carriers will now be billed by IBM on a unique per use basis based on business metrics. It’s an incentive for air carriers to change their airport operations
The Toronto Pearson Airport has inked a five-year, $130-million deal with IBM Canada Ltd. that will outsource the management of critical operations like ticket kiosks, passenger and baggage check-in, and aircraft gates.
Tweet this!Tuesday, April 13th, 2010
REGULATORS do not seek to quarrel with labor over the outsourcing policies of some of the banks supervised by the Bangko Sentral ng Pilipinas (BSP).
But BSP Deputy Governor Nestor Espenilla Jr. said the practice has had mostly beneficial impact on the economy as a whole, particularly for the business-process outsourcing, or the BPO sector, whose reported annual revenue of some $7.3 billion last year alone helped fortify the country’s external sector.
Tweet this!Friday, February 26th, 2010
TPI, the largest sourcing data and advisory firm in the world and a unit of Information Services Group Inc. (ISG) (NASDAQ:III) (NASDAQ:IIIIU) (NASDAQ:IIIIW), an industry-leading, information-based services company, released the latest TPI Index, which tracks commercial outsourcing contracts valued greater than $25 million. The Index reveals a continued growth in the number of outsourcing contracts in Asia Pacific, driven by telecommunications and financial services contracts signed in India, despite a sharp decline in the value of these contacts as compared to those signed in 2007.
Tweet this!Sunday, February 21st, 2010
Fashions in outsourcing change constantly – and the megadeals which were a hallmark of its early development have been replaced for many organisations by a more nuanced approach. But that doesn’t mean the giant deals are gone forever.
Certainly as the recession began to bite, outsourcing megadeals – those of $1bn or more – started to decline. Research published in late 2008 – when the credit crunch first began to make itself truly felt – found there was one quarter where just a single megadeal was signed, while the value of outsourcing contracts across the board fell by two-thirds quarter-on-quarter.
And there’s no doubt that some of that reluctance to sign megadeals was spurred by the economy, as traditionally outsourcing-friendly sectors such as financial services and manufacturing saw profits tumble and therefore IT spending did likewise.
“Typically you’re looking at 12 to 15 [megadeals] a year around the world. We did see that drop down quite dramatically for a year or so, and a lot of that was driven by the cloud of uncertainty that descended across the globe,” Duncan Aitchison, EMEA president of outsourcing consultancy TPI, told silicon.com.
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