Outsourcing News

The Dutch financial newspaper "Het Financieele Dagblad) reports that the Royal Bank of Scotland (RBS) is ending the outsourcing deal that ABN AMRO has started a few years ago.

Royal Bank of Scotland, one of the buyers of the Dutch ABN AMRO Bank, will take the ICT staff back onto their own pay-roll. The main reason for this decision is that in the culture of RBS, ICT is seen as being too critical to outsource.

Fortis, one of the other buyers of ABN AMRO, is also concidering rolling back the outsourcing agreements, although they have not yet taken a formal decision.

The original news story (in Dutch) can be found on: http://www.fd.nl/csFdArtikelen/WEB-HFD/y2008/m07/d22/NIE-RBS?t=RBS_staakt_uitbesteding_IT_bij_ABN

EDS today said it has signed a seven-year agreement with the CAT Group, a worldwide provider of transport and logistics services, to develop, integrate, deploy and support the company's software applications. Financial terms were not disclosed.

This contract builds upon an information technology (IT) infrastructure agreement CAT Group awarded to EDS in 2005. Under that agreement, which includes network management and governance and continues through 2015, EDS manages the CAT Group’s entire IT infrastructure, which includes 2,000 work stations at 131 sites in 19 countries.

Seven small bombs have exploded in the south Indian city of Bangalore, killing a woman and wounding at least 15 other people.

Bangalore, known as India's Silicon Valley, is one of the world's most prominent centres for software development and is also the capital of its outsourcing industry.

Also nicknamed the "world's back office", it is home to more than 1,500 top firms, including India's Infosys Technologies, Tata Consultancy Services and Wipro, and offices of global firms such as Microsoft Corp and Intel Corp.

Some IT firms, as well as schools, colleges and cinemas, closed after news of the blasts broke. Phone lines were jammed.

Words like business process outsourcing and offshoring may not exist in the IT dictionary by 2015.

Some experts believe it's a trend. Fargo-based MeritCare announced last month that it would outsource more of its transcription work, cutting 70 jobs.

New Delhi, July 23: The US-based legal outsourcing firm UnitedLex, which is planning a major expansion in India, announced Wednesday that it will raise $6 million from global venture capital majors Canaan ...

Worldwide semiconductor outsourcing services revenue is on the rise and will remain on the rise for the next few years as more and more semiconductor companies move toward fabless and asset-lite business ...

NEW DELHI: India remains the "undisputed leader" in a list of the top 30 countries for offshore services prepared by IT market research major Gartner Inc.

By BERNIE CAHILES-MAGKILAT Confident of hitting $ 4.35 billion revenues this year to sustain a 30 percent annual growth and accounting for two-thirds of the total projected 2008 business process outsourcing ...

US : CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong , recently released its article on compound growth rate ...

CommScope, Inc. is to continue the consolidation of its manufacturing locations as well as the outsourcing for the manufacturing of some its antenna, cable and cabinet products.

The UK subsidiary of Unisys Corporation , the global IT services and technology company, has won an outsourcing contract worth approximately $USD 63 million to create and manage a public information network and ...

India's outsourcing giants are suffering sluggish growth in contrast to record-breaking spending on global services in 2008.

Facing the possibility of another trade talks collapse, the European Union said Monday it would be willing to slash its farm tariffs by an average of 60 percent as part of a new global commerce pact - a deeper ...

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NEW YORK : Across the United States, women in their prime earning years, struggling with an unfriendly economy, are retreating from the work force, either permanently or for long stretches.

Bangalore based Zenith Software Limited ZSL, an IT and ITES service provider, has announced its plans to foray into the Scandinavian market through a partnership with Norway based Software Offshoring Consulting SOC. ZSL, part of the Zenith Group, provides IT services, focusing on domains like Insurance, Travel, Retail and Financial Services. The proposed partnership would expand Zenith Softwares footprint in the European market which has been growing rapidly. ...

Two of Indias key software exporters, Wipro and Satyam Computer, posted better than expected first quarter results yesterday, but gave cautious outlooks amid uncertain US economic conditions.

The results come a week after the countrys top two software firms, TCS and Infosys, also reported net profit jumps for the first quarter. However, the countrys software companies announced cautious full year revenue forecasts this week, with several US based clients in the midst of a tough business cycle. ...

IBM's key global services outsourcing and consulting unit, which accounts for more than half the company's total revenue, posted strong growth in the second quarter as sales increased 16% year over year to $15.2 billion.

Going forward, IBM's global services unit will face stiff competition from HP, which plans to acquire EDS, and fast-growing Indian outsourcers like Wipro. ...

India's leading Software services firm HCL Technologies announced Wednesday that it has agreed to acquire Liberata Financial Services (LFS), a UK-based business process outsourcing firm, for an undisclosed amount.

The acquisition of LFS, which provides end-to-end administrative and customer services for the life and pensions Industry, is expected to help HCL penetrate the British life and pensions industry. ...