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News Archives
2005
The Cost-Killer in Manila
(February 7, 2006
- BusinessWeekonline) - The challenges of the global economy are
nothing new to Baker & McKenzie. The law firm opened its first foreign
office -- in Caracas -- in 1955... Read
More
Fortune 20 Co. Extends CRM Deal with TeleTech
(February 7, 2006
- GlobalSourcingNow) - TeleTech, the US-headquartered CRM services provider,
has announced the extension of its contract with a Fortune 20 financial services
company through 2009...
Read More
Convergys to Provide Billing Svcs to OTE
(February 7, 2006
- GlobalSourcingNow) - Convergys, a US-headquartered CRM services provider,
has been awarded a multi-year licensing, support, and maintenance contract with
the Hellenic...
Read More
General Motors Awards $15Bn IT Services Deals
(February 6, 2006
- GlobalSourcingNow) - General Motors has awarded contracts to several IT service
providers to support its extended global enterprise with systems integration services program
over the next five years...
Read More
Labor Arbitrage Key Factor for Offshoring - Report
(February 6, 2006
- GlobalSourcingNow) - According to a recent report by Everest Research, labor arbitrage,
one of the main factors for cost-saving in the offshore outsourcing model, will continue
to drive most of the offshore outsourcing deals for the next thirty...
Read More
Accenture to Increase Presence in India, China, Philippines
(February 6, 2006
- GlobalSourcingNow) - Accenture will double its presence in the frontline outsourcing
destinations of India, China and the Philippines from the current 24,000 to about 50,000
over the next three years. The move would result in a major expansion drive in India...
Read More
Dell to Expand Its Operations in India Market
(January 31, 2006
- New York Times) - Dell, the PC maker, will open a fourth call center in India, add 5,000
employees to its current 10,000 workers and begin manufacturing computers here, the company
said Monday...
Read More
Cebu more attractive than Manila for BPO firms -- solon
(January 29, 2006
- INQ7.net) - Cebu is a more cost-effective place to set up a business process-outsourcing
company compared to Metro Manila, said Cebu representative Eduardo Gullas...
Read More
Wipro may bag General Motors`s IT outsourcing contract
(January 25, 2006
- IRIS NEWS DIGEST) -Infotech major Wipro Technologies may bag a
large chunk of General Motors` $1.8bn IT outsourcing contract, reports Business Standard.
Currently, the contract is up for renewal since...
Read More
Employee Retention in Indian IT & BPO Sector Major Issue – Watson Wyatt
(January 24, 2006
- GlobalSourcingNow) - According to Watson Wyatt, the US-based HR
consultancy firm, the high rate of attrition of employees in India's
IT outsourcing and BPO sector has become one of its major challenges...
Read More
Cebu pushed as another global outsourcing hub
(January 23, 2006
- Manila Bulletin Online) - Cebu Rep. Eduardo Gullas wants national
economic development planners to further build up Cebu as a global
business process outsourcing...
Read More
Baker & McKenzie given recognition for its offshoring work in the Philippines
(January 22, 2006
- digitalfilipino) - Baker & McKenzie scooped two awards at
this year's Legal Technology Awards with the Firm's global CIO,
Sue Hall, named as IT director...
Read More
Pinoy software engineers cater to top Japanese, global IT firms
(January 16, 2006
- The Manila Bulletin Online) - Filipino software engineers develop
and implement some of the most sophisticated business applications,
embedded systems and quality assurance as well as verification services
for top Japanese firms and global information technology companies...
Read More
E-Services Philippines, IT Expo set in February
(January 16, 2006
- The Manila Bulletin Online) - The 6th E-Service Philippines, an
annual conference and exhibition organized by the Center for International
Trade Expositions and Mission (CITEM), will be held on February
16-17 at the EDSA Shangri-La Hotel...
Read More
Contract Renewals to ‘Affect The Big Six of Outsourcing’ – TPI
(January 14, 2006
- GlobalSourcingNow) - According to the Quarterly Index published
by TPI, a Texas-headquartered outsourcing advisory firm, about USD
100 billion worth of outsourcing contracts from all across the world
are due for renewal... Read
More
Indian IT Outsourcing Firms to Post Strong Profits for 3Q – Survey
(January 14, 2006
- GlobalSourcingNow) - A Reuters poll of 10 brokerages estimates
the growth in the quarterly profits of Indian IT and outsourcing
services companies to be between a minimum of 8.3 percent and a
maximum of 56.9 percent...
Read More
BPO earnings expected to grow 52%
(January 13, 2006
- itmatters.com.ph) - The countrys business process outsourcing
(BPO) industry will generate a total of 1.2 million jobs and $12.4
billion in sales by 2010 from the present total workforce of 233,00
and $2.5 billion in annual sales, according to a latest joint forecast
from the government and the private sector...
Read More
PeopleSupport Acquires Rapidtext, Moves into Transcription Svcs
(January 13, 2006
- GlobalSourcingNow) - PeopleSupport, a Philippines-based BPO services
provider, has acquired both Rapidtext and its subsidiary The Transcription
Company, US-based transcription and captioning service providers...
Read More
RP animation industry shifting to 3D
(January 12, 2006
- INQ7.net) - The countrys animation business is experiencing
a shift from the traditional two-dimensional drawing to 3D animation,
brought about by the onset of more demand for 3D animators for Hollywood
movies and the use of 3D images in television shows...
Read
More
RP BPO industry forecast to grow $12.4B in 2010
(January 12, 2006
- INQ7.net) - The Philippine business process outsourcing industry
is set to grow to 12.4 billion US dollars by 2010, slightly higher
than previous forecasts of 10 billion US dollars, according to a
joint forecast from the Business Process Outsourcing Association
of the Philippines, the Bureau of Investments, and the Commission
on Information and Communications Technology...
Read
More
Outsource consultant gets executives to blog
(January 10, 2006
- INQ7.net) - OUTSOURCE consultancy company Outsource2Philippines
(O2P) recently introduced a blog section in its website (www.outsource2philippines.com)
that feature articles and analyses by IT industry analysts...
Read More
Outsourcing Increase Creates 41,000 New Jobs in Philippines
(December 30, 2005
- GlobalSourcingNow) - According to the Commission on Information
and Communications Technology (CICT), ICT-related services have
created around 41,000 new jobs in the Philippines in the first nine
months of 2005 ... Read
More
Fujitsu to expand software development operations
(December 28, 2005
- INQ7.net) - Fujitsu Philippines Inc. (FPI) is set to hire 200
to 300 software developers to man its operations in a newly leased
office in Net Square, a new information technology building developed
by 18-2 Property Holdings Inc., in Bonifacio Global City, Taguig,
its president told INQ7.net...
Read More
Global Outsourcing to Touch $300Bn by ‘10 – NASSCOM-McKinsey
(December 24, 2005
- GlobalSourcingNow) - The Indian National Association for Software
and Service Companies (NASSCOM), a trade lobby, and McKinsey have
jointly released a report assessing the change in the IT and BPO
market and setting an agenda for the next few years...
Read More
Benefits Outsourcing may Deliver up to 17% Cost Reductions - ADP
(December 20, 2005
- GlobalSourcingNow) - ADP, a US-based payroll and HR outsourcing
services provider, has released a study on the cost of ownership
for health and welfare benefit administration...
Read
More
India to Strengthen Outsourcing Data Protection Laws by 2006
(December 19, 2005
- GlobalSourcingNow) - The President of National Association of
Software and Services Companies (NASSCOM), an India trade lobby,
has stated that the country's laws regarding data protection in
the outsourcing services sector will be overhauled, in order to
improve security... Read
More
Client Business-Value to be New Yardstick for Outsourcing Svcs:
Unisys
(December 16, 2005
- GlobalSourcingNow) - Unisys, the US-based IT solutions and services
provider, has released a study on the anticipated major trends in
the outsourcing market. The study foresees diminishing negative
political rhetoric surrounding outsourcing, amidst continued steady
growth of outsourcing business... Read
More
24/7 Customer Opens New Center to Support Aviva
(December 15, 2005
- GlobalSourcingNow) - 24/7 Customer, a Indian CRM services provider,
has announced the establishment of a new 1,700 seat facility in
Bangalore, India to offer services in life and motor insurance...
Read More
Brazil’s CPM Wins $7M European Deal
(December 8, 2005
- GlobalSourcingNow) - CPM, a Brazilian IT services firm, has been
awarded a USD 7 million outsourcing contract with a major European
bank... Read
More
HSBC Opens New $31M Service Center in Sri Lanka
(December 7, 2005
- GlobalSourcingNow) - HSBC, the London headquartered financial services provider, has launched a new
USD 31 million service center in Colombo, Sri Lanka...
Read More
JPMorgan to Expand Presence in India
(December 6, 2005
- GlobalSourcingNow) - JPMorgan Chase is expected to enhance its
presence in India by hiring around 4,500 graduates over the next
two years. The bank is expanding its presence in the country to
tap the high quality labor resource and also realize cost savings...
Read More
Reports & Surveys...
(December 2, 2005
- GlobalSourcingNow) - According to a joint study by Techtel and Fresh Perspectives,
existing IT outsourcing contracts worth USD 100 billion are expected to end in the
next three years. The study, based on a survey of 600 enterprise IT buyers and
18 IT outsourcing services providers
... Read
More
Indian State to Investment INR100BN for BPO Development
(December 2, 2005
- GlobalSourcingNow) - The Government of the State of Punjab, a North
Indian province, has announced that it has earmarked an INR 100 billion
fund for the facilitation and growth of BPO sector in the state
... Read
More
The Philippines Modifies Rules on IT Zone Status
(November 28, 2005
- GlobalSourcingNow) - The Philippines Economic Zone Authority (PEZA)
has announced modifications in its rules for granting IT zone status
to buildings in and around the region of Metro Manila. PEZA has...
Read More
TeleTech Acquires Philippines-based FinSource
(November 18, 2005
- GlobalSourcingNow) - TeleTech Holdings, a US provider of customer
management and BPO services, has acquired FinSource, a Philippines-based
call center services company... Read
More
Philippines offers lowest living costs for expats--survey
(November 14, 2005
- inq7.net) - The Philippines has the lowest living costs for expatriates,
according to a survey of 32 countries... Read
More
US Slowdown to Adversely Affect Indian Outsourcing Revenues
(November 7, 2005
- GlobalSourcingNow) - According to IDC, a US-based research firm,
a decline in IT spending in the US along with continued high oil
prices may adversely affect outsourcing industry of... Read
More
Telesource Selects WinSource for CRM Services
(November 7, 2005
- GlobalSourcingNow) - Telesource, a US-based construction firm,
has selected WinSource, a Philippines-based CRM provider, for providing
call center... Read
More
Labor Shortage to Hit Indian Call Center Industry – Gartner
(October 31, 2005
- GlobalSourcingNow) - According to Gartner, the existing shortage
of skilled professionals faced by Indian BPO service providers may
result in the country losing its competitive advantage...
Read More
Rapid Growth of BPO Offers Huge Opportunity for the Philippines
(October 29, 2005
- GlobalSourcingNow) - According to an IDC study titled 'Worldwide
and U.S. BPO 2005-2009 Forecast: Market Opportunities by Horizontal
Business Functions', the worldwide BPO market... Read
More
Data Theft in India is a warning flag for the Philippines
(October 28, 2005
- GlobalSourcingNow) - Two employees of an Indian BPO firm located
near New Delhi have been arrested on charges ... Read
More
China initiative in Software and BPO offers an Opportunity and a
Threat...Which will it be for the Philippines?
(October 28, 2005
- GlobalSourcingNow) - The Chinese Ministry of Commerce has announced
a list of measures aimed at promoting the country's software export
and BPO industry. The measures were announced at the Second Xi'an
International BPO... Read
More
PeopleSupport 3Q ‘05 Revenues Increase 37% to $16.3M
(October 27, 2005
- GlobalSourcingNow) - PeopleSupport has reported a 37 percent increase
in its 3Q 2005 revenues to USD 16.3 million as compared to 3Q...
Read More
Survey shows low turnover, higher-than-expected hiring in ITES sectors
(October 24, 2005)
-A recent survey suggested that turnover is lower and hiring rates
higher in the IT-enabled services (ITES) industry than generally
presumed by the industry... Read
More
Some thoughts on Sunday newspaper ads for Call Center Personnel
(October 24, 2005)
- Every Sunday I do a quickie review of the "Job Market"
sections of the PDI. I have had the feeling during the past few
weeks that things aren't going so well for the call centers in their
recruitment efforts. For example, eTelecare today offered free tickets
to an MTV show... Read
More
The New New Economy: Earning Real Money in the Virtual World
(October 20, 2005
- Wharton) - Take a trip to Lusk and you will find a sign for a
classic wood dining set for $250. Walk or fly around Luskwood and
you will find what looks like an up-and-coming development with
a few properties for sale. Land is also available in Ahern, Dore
and Morris, and property values are surging... Read
More
No Takers for Labor Unions in Indian BPO Sector
(October 18, 2005
- GlobalSourcingNow) - An attempt by one of Indias most prominent
trade union to form a labor union to encompass BPO and call center
workers under its fold has failed to ... Read
More
Standardized Tests for BPO / Call Center Hiring in India: NASSCOM's
Initiative being Adopted on a Pilot Basis
(October 18, 2005
- NASSCOM) - A sea change has been triggered in the recruitment
process of BPOs, thanks to NASSCOM's initiative to conduct a single
national level exam for entry-level jobs at BPO's. Come next year...
Read More
AIG Invests $30M in TRG
(October 05, 2005
- GlobalSourcingNow) - AIG Capital, the US-based private equity
investor, has invested USD 30 million in The Resource Group (TRG),
a US-based BPO solutions provider, through... Read
More
HCL BPO Plans to Diversify from Voice-Based Svcs
(October 04, 2005
- GlobalSourcingNow) - HCL BPO Services, an Indian BPO services
provider, plans to acquire a company which manages claims, undertakes
billing and record-keeping work for health insurance companies,
in a move to diversify from voice-based services... Read
More
Infotech Wins EUR 45M Engineering Deal from Alstom
(October 03, 2005
- GlobalSourcingNow) - Alstom Transport, a subsidiary of French
engineering firm Alstom, has outsourced its engineering design work
to Infotech... Read
More
Telecoms Outsourcing goes to India....Is the Philippines on the
Line?
(October 01, 2005)
- Orange is likely to outsource about 700 jobs from its UK unit
to India by the end of 2005. The decision follows successful...
Read More
Hurricane Scare Keeps Offshore BPOs Busy
(September 28, 2005
- GlobalSourcingNow) - The twin hurricanes that hit the US coast
in close succession has resulted in a large scale increase in the
amount of call center activities handled from offshore locations...
Read More
Orange may Offshore 700 Jobs to India
(September 26, 2005
- GlobalSourcingNow) - Orange, the European mobile phone operator,
is likely to outsource 700 jobs from its UK unit to India by...
Read More
US IT Offshoring Expenditure to Reach $14.7Bn by ‘09 – IDC
(September 23, 2005
- GlobalSourcingNow) - According to a report by IDC, the US offshore
IT services market is expected to nearly double in size to an estimated
USD 14.7 billion by 2009, driven by growth in specific...
Read More
TCS to Set Up Global Development Center in Brazil
(September 19, 2005
- GlobalSourcingNow) - Tata Consultancy Services (TCS), the Indian
IT services company, will set up a new global development center
in Brazil to facilitate its USD 260 million outsourcing order from
ABN AMRO... Read
More
Reports & Surveys...
(September 16, 2005
- GlobalSourcingNow) - After targeting India and the Philippines
as the prime destinations for offshoring technology and call-center
jobs, major US companies are increasingly looking towards Latin
America to meet their 'nearsourcing' requirements. Dell and Procter
& Gamble (P&G) are some of the major MNCs heading to the
Latin American countries to source such services... Read
More
Call center revenues to hit $1B by yearend
(September 16, 2005
- GlobalSourcingNow) - According to a recent survey by PricewaterhouseCoopers
(PwC), India has emerged as the best choice for offshoring financial
services globally. However, PwC warned that China could overtake
India in about three years' time. India took the first spot among
156 companies surveyed worldwide as the top destination for off-shoring
... Read
More
Call center revenues to hit $1B by yearend
(September 9, 2005
- BusinessWorld) - The consolidated revenues of call center companies
is expected to hit $1 billion by year-end from $800 million last
year, while industry seats will reach 100,000 from present 72,000...
Read More
Indian IT Exports to Touch $50Bn by ‘09 – NASSCOM
(August 26, 2005
- GlobalSourcingNow.com) - According to NASSCOM, the Indian software
and BPO services industry is set to achieve the USD 50 billion export
target by 2008-2009... Read
More
Philippine Call Center Sector To Grow 50%-70% In 05: Exec
(August 26, 2005
- yahoo.com (finance)) - The call-center business in the Philippines
will continue to grow robustlyin the coming years, albeit at a slower
pace than that of the past five years, an industry executive said
Wednesday... Read
More
India to have Entrance Exam for IT, BPO Candidates
(August 24, 2005
- GlobalSourcingNow.com) - India has launched a national entry examination
scheme aimed at improving the quality of employees recruited into
call center and IT positions in the country's booming offshore outsourcing
industry... Read
More
CCAP Event Draws Large Numbers and Offers Diverse Opportunities
(August 24, 2005)
- CCAP (Contact Center Association of the Philippines) has addressed
the needs of its 24 member companies, by hosting the 2-day event
- billed as a Conference, Exhibit, and Job Fair... Read
More
SMEs to Boost IT Services in Asia
(August 22, 2005
- GlobalSourcingNow.com) - According to a study by Access Markets
International (AMI) Partners, a US-based firm specializing in IT
research, the Small and Medium Enterprises (SMEs) are expected to
fuel the growth for the IT sector across... Read
More
IBM Opens Dedicated IT Services Research Center in Bangalore
(August 19, 2005
- GlobalSourcingNow.com) - IBM has opened a research
center in Bangalore, India which would purely concentrate on services,
in an effort to promote innovation in the IT services arena...
Read More
ABC Unearths Another Call Center Fraud In India
(August 17, 2005
- GlobalSourcingNow.com) - The Australian Broadcasting Corporation
(ABC), Australia's public broadcaster, has alleged that employees
of a Gurgaon, India based call center are illegally selling personal
information of thousands of Australians... Read
More
Outsourcing Moving Towards Global Integration
(August 15, 2005
- GlobalSourcingNow.com) - According to outsourcing experts, MNCs
especially US firms are looking at bringing their customer-facing
people together with Indian software service providers and Chinese
manufacturers ... Read
More
Survey Identifies key BPO Areas in the UK
(August 12, 2005
- GlobalSourcingNow.com) - According to a survey by TPI 8 out of
10 'large' UK companies plan to boost offshore outsourcing to reduce
costs, as the process matures. The survey, which questioned 100
executives, found eighty one of respondents to be willing...
Read More
Telecom Industry Leads Outsourcing Engagements - Study
(August 12, 2005
) - According to an IDC study, outsourcing is expected to grow at
a CAGR of 3.3 percent through 2009, due to significant contributions
from the healthcare, transportation, utilities, and banking industries...
Read More
The Hype over Skype: Can It Go the Distance?
(August 12, 2005
- knowledge.wharton.upenn.edu) - Although Skype, which provides
Voice over Internet Protocol (VoIP) telephony services and PC-to-PC
calling, turns two years old on August 29, it remains unclear what
kind of business this relative newcomer will turn out to be...
Read More
Dell to set up global customer contact center in RP
By Erwin Lemuel Oliva
(August 11, 2005
- www.inq7.net) - COMPUTER vendor Dell announced on Wednesday that
it would open its global customer contact center in the Philippines
early next year... Read
More
High End Svcs can Help Troubled Indian BPOs
(August 11, 2005)
- Even as a number of small and medium BPO enterprises in India
are increasingly coming under the threat of closure because of pricing
pressures, a move to provide high end solutions like marketing and
financial analytics could help the companies sustain themselves...
Read More
Nearshoring Gains Popularity as Offshore Outsourcing Falls
(August 9, 2005)
- The hidden costs of communications, management and security breaches
with offshore outsourcing are forcing companies to evaluate more
risk free options... Read
More
BPO Decisions Make or Break a CIO’s Career
(August 5, 2005 –
www.offshoringdigest.com) - An interesting article in Computerworld
explains exactly how contracting the services of a BPO could mean
a star in a CIOs resume. BPO, the article states, could also
stand for Big Political Opportunity.... Read
More
Public sector outsourcing costs double the private spend
(August 3, 2005 –
www.computerworld.com) - A recent study has found government agencies
are consistently spending more on managing outsourcing contracts
than the private sector... Read
More
Public Sector Spends More than Pvt on Outsourcing Management - Study
(August 3, 2005 –
www.globalsourcingnow.com) - According to a study by ITNewcom, the
Australian consultancy firm, government agencies spend more on managing
outsourcing contracts than the private sector... Read
More
Outsourcing will grow: Study
(August 2, 2005 –
www.rediff.com) - Global expenditure on outsourcing services will
continue to rise, 'back-sourcing' will become minimal, client control
will increase along with their ability to manage contracts, and
any existing 'fear' of outsourcing will soon dissipate...
Read More
BPO: Big Political Opportunity
Business process outsourcing gives CIOs a chance to lead
By Mary Brandel
(August 1, 2005 –
www.computerworld.com) - In the past few months, Peter Baker has
conducted interviews with a handful of business process outsourcing
(BPO) providers and invited a couple of them back to Emcor Group
Inc.'s headquarters for further conversation...
Read More
Gateway to north bids to become industry hub
By Trina A. Lagura
(August 1, 2005 –
www.inq7.net) - HIS vision to make Valenzuela an industry hub of
the country might be too ambitious, but Mayor Sherwin Gatchalian
believes the city is fated to become one in 10 years... Read
More
Top Management Interaction Can Improve BPO Deals-Study
(August 1, 2005 –
www.globalsourcingnow.com) - According to a study released by LogicaCMG,
one of the most important factors contributing towards a successful
outsourcing initiative is the involvement of the higher management,
without which one-third of outsourcing deals can fail...
Read More
SAP bucking inconducive local business environment
By Melvin G. Calimag
(August 1, 2005
– www.mb.com.ph) - The impression of instability brought about by
the volatile political situation in the country seems not to be
affecting the revenue of software vendor SAP as its local subsidiary
reported rosy figures for the first half of the year, with major
client wins to boot... Read
More
eTelecare named top outsourcer
(August 1, 2005 –
www.mb.com.ph) - eTelecare Global Solutions, the leading Asia-based
call center, affirmed its position as one of the worlds leading
service providers with top rankings on two 2005 Top Outsourcer lists
of ContactCenterWorld.com, the leading on-line resource site for
the contact center industry around the world... Read
More
NEDA sees new investments to drive economic growth
By Edu H. Lopez
(August 1, 2005 –
www.mb.com.ph) - The government is optimistic that the Philippine
economy will further accelerate driven by greater investment, improved
infrastructure, new opportunities in specific industry sectors and
improved conditions in the agriculture industry... Read
More
Software firm names head
(August 1, 2005 –
www.mb.com.ph) - Software industry veteran Fermin Taruc has been
named Managing Director of Gurango Software, the first and only
full-service support system for Independent Solution Vendors (ISVs)
in the Microsoft Business Solution (MBS) global eco-system...
Read More
Convergys, Whirlpool Sign HR Business Services Deal
(July 29, 2005 –
www.globalsourcingnow.com) - Convergys, the US-headquartered customer
care, HR, and billing services company, has been selected by Whirlpool
as its HR BPO service provider... Read
More
IT Hiring in US to Rise – Gartner
(July 28, 2005 –
www.globalsourcingnow.com) - According to a study by Gartner, 63
percent of companies in the financial services industry plan to
add IT staff over the next 12 months, a greater percentage than
in any other sector. The sector is expected to be followed closely
by the government sector, with 62 percent of US public, nonprofit
organizations planning to grow their technology headcount...
Read More
Lack of Preparation Common Point of Outsourcing Failure
With Jim Foreman, PMP, the vice
president of client solutions at ESI International
(July 28, 2005 –
www.itbusinessedge.com) - Question: Deloitte Consulting LLP's study
"Calling a Change in the Outsourcing Market" found that
70 percent of participants have had significant negative experiences
with outsourcing projects... Read
More
Philippine Stock Exchange names former Supreme Court justice as
chairman
(July 28, 2005 –
inq7.net) - THE PHILIPPINE Stock Exchange said its board has elected
retired Supreme Court associate justice Jose Vitug as its new chairman.
Vitug replaces Peter Favila, who was recently appointed by President
Gloria Arroyo as the new secretary of the Department of Trade and
Industry.. Read
More
Success Measurement Important for Outsourcing Deals- Study
(July 27, 2005 –
www.globalsourcingnow.com) - According to a study by Cutting Edge
Information, the worldwide outsourcing business has reached more
than USD 350 billion with several deals exceeding USD 1 billion.
Cutting Edge Information is a US-based research firm... Read
More
Indian IT Players Facing Stiff MNC Competition
(July 26, 2005 –
www.globalsourcingnow.com) - The Indian IT services companies who
have largely dominated the offshore services segment are facing
intense competitions from MNCs like IBM and Accenture who
are increasingly looking at making the country a base for providing
such services... Read
More
Financial Services Outsourcing to Increase Rapidly – Study
(July 26, 2005 –
www.globalsourcingnow.com) - According to a survey conducted by
EDS and the Economist Intelligence Unit (EIU), regulatory pressures
and increasing competition in the financial services market are
forcing executives to scrutinize their current business processes
and adopt new operating models to gain greater operational clarity
and maximize efficiency... Read
More
Do Your Homework: Know Your Offshore Options
(July 25, 2005 –
www.informationweek.com) - One of the biggest challenges for small
and midsize businesses that want to place IT work offshore is finding
a reputable provider. While large companies typically have entire
departments dedicated to identifying and vetting contractors, most
smaller companies don't have such in-house expertise... Read
More
Procurement Offshoring to Grow Further- NASSCOM
(July 25, 2005 –
www.globalsourcingnow.com) -According to a study by NASSCOM, an
Indian association of IT and ITeS providers, procurement outsourcing
will emerge as one of the best businesses in India. NASSCOM has
estimated global procurement spending to increase from USD 1.7 billion
in 2004 to an estimated USD 2.2 billion in 2005... Read
More
Globalization Leading to Outsourcing- Indian PM
(July 25, 2005 –
www.globalsourcingnow.com) -According to Indian Prime Minister Manmohan
Singh, outsourcing is a logical outcome of the process of globalization.
The Indian Prime Minister on a four-day visit to the US, urged US
companies to work together with India to ensure that the process
is moved forward... Read
More
Offshoring No Longer Affecting US Wages – Study
(July 25, 2005 –
www.globalsourcingnow.com) - According to a study by Foote Partners,
a US-based general, IT compensation and workforce management research
firm, offshore outsourcing is no longer having a profound effect
on the wages of US IT professionals... Read
More
GlobeQuest supports Cebu’s drive to become next ICT hub
Rolls out more hotspots in Cebu City, Ayala malls
By Red R. Samar
(July 22, 2005 –
www.mb.com.ph) - SGlobeQuest, the corporate business group of Innove
Communications Inc., is bullish on the transformation of Cebu as
the next hub for information and communications technology (ICT)
services in the country by continuously expanding its data networking
capabilities and upgrading its service offering to businesses and
companies operating in the province ... Read
More
Oracle Phils. bares mid-market strategy
By Edu H. Lopez
(July 22, 2005 –
www.mb.com.ph) - Small and medium enterprises are facing challenges
on how to further cut costs in doing business, simplify the deployment
of their IT infrastructure and how to integrate different applications.
They are also looking for complete solutions to solve real business
needs and not technology for business sake.
... Read
More
BPO: Can RP ride the next outsourcing wave?
By Melba Jean Bernad
(July 21, 2005 –
www.itnetcentral.com) - DURING the past decade 15 years, standards
such as Java, Windows, and TCP/IP have made it much easier to outsource
various aspects of IT, spawning a huge IT outsourcing industry..
Read
More
Can India weather it? BPO Storm
(July 21, 2005 –
www.itbusinessedge.com) - The week thats gone by has been
action-packed with an international sting operation aimed specifically
against the Indian BPO industry forcing the Indian government and
private sector to take a hard look at whether their own backyard
is in order. Both have responded swiftly to this wake-up call that
threatens to hurt the countrys cash cow. How effective the
soul-searching has been remains to be seen... Read
More
Europe could Face IT Skills Crisis by ‘06- Forrester
(July 21, 2005 –
www.globalsourcingnow.com) - According to a report by Forrester
Research, Europe could be face an IT skills crisis by 2006, as fewer
graduates come into the profession and the type of corporate IT
personnel needed by companies is changing rapidly... Read
More
New EU Data Retention Rules may Affect BPO Operations
(July 21, 2005 –
www.globalsourcingnow.com) - The EU justice ministers are planning
to adopt a new data retention legislation, in the wake of the recent
London attacks, which might have an adverse impact on offshore BPO
service providers based in countries like India... Read
More
Is Offshoring Demand Sustainable?
(July 21, 2005 -
www.outsourcing-journal.com) - Offshoring has become a proven business
strategy because of its profound effects on both buyers and suppliers.
Buyers are seeing dramatic savings by offshoring. Our May 2005 analysis
found that buyers typically achieve over 30 percent net savings
when they send work to a lower cost location... Read
More
A Rising Asia
(July 21, 2005 -
www.forbes.com) - The outlook for stability and continuing economic
growth in Asia has never been better. The danger of war across the
Taiwan Strait has lessened. Even though China gave notice in March
in its anti secession law that it would use "non peaceful means"
to stop Taiwan if it moved toward independence, the U.S. and Japan
had earlier issued a statement declaring Taiwan to be one of their
joint strategic interests. The stakes are high for both sides--neither
can back off. The U.S. has made clear that it will defend Taiwan's
status quo. Status quo happens to be what China wants for the many
years it needs to become a developed nation... Read
More
Innovation to drive outsourcing
(July 21, 2005 -
www.vnunet.com) - Innovation not cost reduction will be the main
reason successful firms outsource IT jobs over the next decade,
according to analyst firm Forrester... Read
More
Peoplesupport Moves into RP HQ
(July 20, 2005 –
www.kalakalan.info) - Success for yet another Philippines-based
call center! PeopleSupport has just announced the completion of
its operational migration to its new Philippine regional headquarters,
the PeopleSupport Center... Read
More
Accenture To Invest $100 Million In Info Management Services
(July 20, 2005 -
www.outsourcingpipeline.com) - Consulting giant Accenture said Tuesday
that it will invest $100 million over the next three years to build
out the information management services it offers clients, and named
a new CEO to its Accenture Information Management Services unit...
Read
More
e-PLDT targets 4,000 call center seats by yearend
(July 19, 2005 -
itmatters.com.ph) -The information and communications technologies
(ICT) arm of telecommunications giant Philippine Long Distance Telephone
Company (PLDT) plans to complete installation of some 4,000 call
center seats by the end of the year... Read
More
IBM building stronger community of software developers
(CHIANG MAI - itmatters.com.ph)
- In a bid to snatch a bigger Southeast Asian market share from
dominant rival Microsoft Corporation, the International Business
Machines Corp. (IBM) is dangling another carrot in a bid to lure
independent software vendors (ISVs) to produce more solutions based
on IBM platform... Read
More
No
job cuts for HP Phils ... 'yet'
(July 19, 2005 -
itmatters.com.ph) -The Philippine subsidiary of computer company
Hewlett-Packard Co. has yet to receive any indication from headquarters
on whether its present 567-man team in the country will be affected
in a looming global reorganization... Read
More
Global
Outsourcing Industry Continues To Grow
(July 18, 2005)
- In a recently released report by the McKinsey Global Insitute,
data shows that the number of service jobs being outsourced by companies
in industrialized nations to low-cost ... Read
More
Dramatic
Expansion for Accenture in Asia
(July 18, 2005)
- Accenture, one of the world's largest outsourcing service providers,
has announced plans to hire an additional... Read
More
Cebu
ICT 2005 conference highlights opportunities for Asia's emerging
ITES industry
(July 13, 2005)
- Outsource2Philippines chief executive Frank Holz (standing) recently
led a panel session with senior executives from the Philippine IT-enabled
services sector at the Cebu ICT 2005 conference, following a presentation
from New Delhi-based National Association of Software and Service
Companies (NASSCOM) president Kiran Karnik via live video feed...
Read
More
Blueprint for RP’s software industry for breakthrough growth in
five years bared
(June 25, 2005 -
mb.com.ph) - Major players of the Philippine information and communications
technology (ICT) industry presented a five-year action plan for
the local software sector to President Gloria Macapagal Arroyo during
the recent Cebu ICT Congress 2005 held here at the Cebu Waterfront
Hotel. Read
More
Software
industry plan takes shape
(June 6, 2005) -
Some 40 representatives from major software companies and the academe
met over the weekend in Tagaytay City to hammer out a roadmap to
turn the industry into a business powerhouse by 2010. Read
More
View
From Offshore: The End of Call Center Entrepreneurship
(June 6, 2005 -
computerworld.com) - There have been few entrepreneurial ventures
in business history as rewarding as the offshore call center. Within
Asia, there are numerous tales of entrepreneurs who made tons of
money for themselves by creating substantial value for their customers
and employees. Read
More
Filipino-Canadian
firm is Northern Mindanao's first call center
(April 29, 2005
- itmatters.com.ph) - Tradetelle Corporation, a Filipino-Canadian
company, made it as the first contact center operating in Northern
Mindanao. Starting with 13 call center operators, Tradetelle Corp.
officially opened two weeks ago in Barangay Carmen, this city.Read
More
Informatics expects to increase operations
(April 29, 2005
- news.inq7.net) - INFORMATION technology training school Informatics
expects a significant increase in enrollment with its new courses
in networks, cybersecurity, gaming and animation for the 2005 to
2006 school year.Read
More
RP to lead IT business spending boom in Asia
(April 27, 2005
- itmatters.com.ph) - Information technology spending among companies
in the Philippines will reach $1.2 billion this year on robust projected
growth for the telecoms sector, small- and medium-scale enterprises
(SMEs), and the economy in general, industry research firm International
Data Corporation said yesterday.Read
More
Outsourcing to the Philippines: Rewards outweigh risks
(April 27, 2005
- www.philippinenews.com) - Government officials made a strong pitch
for outsourcing in the Philippines, amid doubts raised about Internet
security, the countrys level of technology, and its capability
to protect copyright and patent laws.Read
More
PeopleSupport Reports Record Revenues for First Quarter 2005
(April 27, 2005
- www.prnewswire.com) - PeopleSupport, Inc.
(Nasdaq: PSPT), an offshore business process outsourcing (BPO) provider
that offers customer management and accounts receivable management
services for U.S.-based clients from its facilities in the Philippines,
today announced financial results for its first quarter ended March
31, 2005.Read
More
Law Firms Following Outsourcing Trend – Deloitte
(April 26, 2005
- www.globalsourcingnow.com) - A research by Deloitte suggests that
law firms are following the trend set by financial services and
telecom groups of outsourcing operations in order to cut costs and
increase profits. According to the firm, almost all large and medium-sized
law firms will outsource or offshore at least some of their operations
within the next two years.Read
More
SPI to Increase Indian Headcount by 700
(April 26, 2005
- www.globalsourcingnow.com) - SPI Technologies, a Philippines-based
business services company, plans to increase its workforce in Coimbatore,
India by the end of this year. The company, recently, also acquired
a medical transcription business in Coimbatore.Read
More
Outsourcing to overtake telecoms as top moneymaker in five years
(April 25, 2005
- www.mb.com.ph) - The outsourcing business is poised to dislodge
telecommunications as the Philippines top moneymaker over
the next five years with the economic impact of call centers and
data encoding expected to grow by nearly twice that of mobile phones
and prepaid call and text cards.Read
More
eTelecare ranks 3rd in global call center mart
(April 25, 2005
- www.mb.com.ph) - Philippine-based call center eTelecare Global
Solutions was ranked among the worlds top offshore call centers
leaders in "The Offshore 100" lists released by industry
watchers neoIT and CMP Media.Read
More
HR outsourcing continues to grow
(April 22, 2005
- www.news.zdnet.com) - Human resources outsourcing is on track
to continue record growth in the United States, according to a new
survey by Hewitt Associates. The survey of 129 large companies representing
nearly 2 million employees found that organizations are satisfied
with their HR outsourcing decisions and plan to outsource more HR
services by 2008.Read
More
Domingo
named chairman of Outsource2Philippines
(April 21, 2005
- Manila, Phililppines) - Outsource2Philippines (O2P) announced
today that Gregory L. Domingo has been elected chairman of the consulting
firm. Read
More
State and Local Officials Look to Outsourcing
(April 21, 2005 -
www.contact-center-today.com) - State and local government officials
may soon have to consider outsourcing some or all of their information
technology functions because of a glut of high-tech employees who
will be eligible for retirement in several years. Read
More
Philippine Business and Government Leaders Bring Their Outsourcing
Story to U.S.
(April 20, 2005 -
www.prnewswire.com) - The Philippines has become a new global
hub for outsourcing, and to meet the increasing demand of the American
business community, top Philippine government and business leaders
are holding
a high-level conference with American business representatives today
who are
seeking information on moving more of their business functions to
the
Philippines. Read
More
Strong growth in BPO, tourist sectors seen--CB Richard Ellis
(April 20, 2005 -
www.money.inq7.net) - THE PHILIPPINES' call center and business
process outsourcing (BPO) industry is expected to grow at a robust
pace this year, a scenario that would likely lead to a sharp rise
in rental rates and demand for office space, CB Richard Ellis said
in an industry report. Read
More
Poor branding tagged as sole obstacle to RP's 'winning formula'
in software dev't
(April 18, 2005
- www.itmatters.com.ph) - The Philippines has the potential to become
a better alternative to India when it comes to outsourced software
development, but the country still needs to establish strong brand
recall among US-based companies in the next five years.
Read
More
RP outsourcing firms gain foothold in Europe
(April 16, 2005
- www.inq7.net) - LOCAL business process outsourcing service companies
have secured a foothold in the European market as five of the firms
have already bagged contracts and attracted the attention of possible
clients in the continent's biggest information technology show held
last month in Germany. Read
More
IMF raises RP '05 growth forecast to 4.7%
(April 14, 2005
- www.abs-cbnnews.com) - The International Monetary Fund (IMF) has
raised the growth forecast this year for the Philippines, ABS-CBN
News learned Thursday. Read
More
PEZA sees 25% rise in investments, 15% increase in exports
(April 14, 2005
- www.abs-cbnnews.com) - The state-run Philippine Economic Zone
Authority (PEZA) has set a conservative growth target of 25 percent
for investments this year after registered investments hit a three-year
high last year. Read
More
US electronic document firm to expand operations in RP; takes BPI
as client
(April 13, 2005
- www.mb.com.ph) - A US-based company engaged in transforming paper
and electronic documents into Web-based information has bared plans
to expand its operations in the country after taking in the Bank
of the Philippine Islands (BPI) as its first local client.
Read
More
RP to get $960-M windfall from call-center industry
(April 13, 2005
- www.abs-cbnnews.com) - The countrys information technology-enabled
services industry, led by call centers, is expected to rake in some
$960 million in revenues this year, a 50-percent increase from the
$640 million it generated last year, Senator Manuel Roxas III, in
a statement said. Read
More
Philippine BPOs Look to Europe
(March 31, 2005
- offshoring-digest.com) -It’s time to look into the developments
in the Philippine offshoring scene. It appears that this small country
has been receiving much coverage since it gained ground as a “next
phase” alternative, after jobs have moved on from India.
Read
More
Filipino BPO Industry FDI Reaches PHP1.6B in 4Q 2004
(March 29, 2005
- globalsourcingnow.com) - According to the National Statistical
Coordination Board (NSCB), the approved Foreign Direct Investments
(FDIs) in the Philippines BPO industry reached PHP 1.6 billion in
4Q 2004. NSCB is Philippines' policy making and coordinating body
on statistical matters. Read
More
RP telco network to grow 9.1% in the next 5 years -- IDC
(March 16, 2005
- itmatters.com.ph) - The telecommunication network services (TNS)
sector in the Philippines is expected to grow by 9.1% in the next
five years, among "the most relative growth" compared
to countries in the Asia Pacific region, according to research firm
International Data Corp (IDC). Read
More
Outsourcing's Next Phase Has Begun
(March 14, 2005
- computerworld.com) - Outsourcing in India has reached a near-term
peak, and meaningful expansion from this point forward will result
in higher costs and lower-quality delivery. Business leaders in
Asia have been saying such things to one another for months now.
Today, we are seeing deliberate action to move capacity from India
to next-step destinations like the Philippines, China and Vietnam.
Read
More
Offshore dev’t mart growing; RP software developers eye 2005 gains
(March 14, 2005
- itnetcentral.com) - OFFSHORE software development, already considered
the bane of US-based programmers, is growing stronger, according
to officials at Sun Microsystems Inc. and IBM Corp. who spoke at
the Evans Data Developer Relations Conference held in San Jose,
California last week. Read
More
RP: A Global Leader in Mobile Applications?
(March 14, 2005
- itnetcentral.com) - IN last month's column, I discussed potential
bright spots where local software development companies can excel.
I personally believe that among these areas, it is in mobile applications
development that our software developers can best apply their innovative
ideas (The other areas are outsourced application development, online
games and simulation, and consumer Web services). Read
More
Cebu, Davao get piece of call center action
(March 14, 2005
- money.inq7.net) - THE FUTURE of the call center industry is so
bright the Philippines has to wear shades.Read
More
Metro Gaisano group set to open IT park
(March 12, 2005
- sunstar.com.ph) - The real estate arm of the Metro Gaisano group
of companies is developing an information technology (IT) park in
Cebu in anticipation of the surge in IT and IT-related investments
in the province.Read
More
Alcatel eyes investment opportunities in RP
(March 11-12, 2005
- itmatters.com.ph) - French communications giant Alcatel Inc. urged
the Philippine government to polish out financing schemes that will
allow more French companies to invest in the country.Read
More
IT suppliers see higher revenues on IP, call centers
(March 10, 2005
- itmatters.com.ph) - Some suppliers of internet protocol (IP) networks
have raised their revenue outlook this year, encouraged by the recent
announcement of the country's largest telco that it will roll out
IP-based services. Read
More
SPI Acquires Indian Medical Transcription Co
(March 7, 2005 -
globalsourcingnow.com) - SPI Technologies, a Philippines-based outsourcing
services company, has signed an agreement to acquire KG Information
Services and Technologies’ medical transcription business (KGMT).
KGMT is an Indian medical transcription services company. Read
More
US networking firm to set up regional tech support hub in RP
(March 7, 2005 -
inq7.net) - ALLIED Telesyn, a US-based networking equipment vendor
plans to consolidate its regional technical support center in the
Philippines in the first quarter this year, a company executive
told local reporters on Thursday. Read
More
AIG Upbeat About Philippines' BPO Potential
(March 6, 2005 -
Asia Pulse) - AIG Business Processing Services Inc. (BPSI), a major
American multi-customer BPO company, is keen on hiring more Filipino
IT workers for their outsourcing operations in the country mainly
due to their English proficiency and lower cost. Read
More
US
IT group scores lack of data privacy law
(February 21, 2005
- itmatters) - An industry association of 500 information and communication
technology (ICT) companies in the United States scored the absence
of legislation in the Philippines that will protect data sent to
local companies engaged in outsourcing services. Read
More
RP
losing out to China as preferred partner of Japan
(February 21, 2005
- itmatters) - Japanese firms engaged in information technology
(IT) urged the national government to boost the country's industry
labor supply to guard against the pull out of Japanese firms, as
they see China's labor pool becoming more attractive. Read
More
IT
workforce acceptance rate low -- study
(February 21, 2005
- itmatters) - The Philippines is churning out a sufficient number
of graduates for the information and communication technology (ICT)
industry. However, a recent industry survey showed that quality
of graduates fall below industry expectations. Read
More
RP,
India companies urged to think, work as one force
(February 21, 2005
- www.mb.com.ph) - "Let us buy a bigger oven so that we can bake
a bigger pie!" Read
More
Branding
seen as key to selling RP's outsourced services
(February 21, 2005
- inq7.net) - EXECUTIVES of outsourcing providers have said that
the Philippines should undertake more effective branding strategies
that will promote the country's ever growing information and communications
technology-based outsourcing services.Read
More
New
ICT study urges RP to improve educ’n, marketing savvy
(February 20, 2005
- www.mb.com.ph) - A survey on Philippine ICT workforce demand has
concluded that the country needs to ramp up its promotional activities
abroad and improve its educational system, particularly to align
schools with the needs of the industry. Read
More
Offshoring
to stunt growth of CAD mart
(February 20, 2005
- www.mb.com.ph) - IDC Philippines has warned that increased attention
on offshoring would likely inhibit the local software custom application
development (CAD) market from reaching full potential more of its
valued resources will be transposed to outside customers.
Read
More
Asian
outsourcing bloc mulled
(February 18, 2005
- itmatters) - Industry players from India and the Philippines are
considering the creation of an Asian outsourcing bloc that aims
to increase the region's stake in the estimated $1 trillion outsourcing
pie to 12%-15% from the present 3%-4%. Read
More
...
as solon urges private sector to take lead
(February 18, 2005
- itmatters) - Senator Manuel A. Roxas II yesterday urged the national
government to take a back seat in handling the booming outsourcing
sector and simply allow the private sector to lead. Read
More
Local
software firms eye high-value services
(February 11-12,
2005 - i.t. matters) - The local software industry is not really
counting on cost as the main differentiator between them and competitors
in the Asian region.Read
More
Telus
International Inc and Singapore Computer Systems Ltd. Form Strategic
Partnership to Invest in Ambergris Solutions
A new joint venture company will be set up to invest in Ambergris
Solutions, a leading call center in the Philippines.
(February 5, 2005)
- Telus International Inc. (TI) and Singapore Computer Systems (SCS)
will set up a joint venture company, TISCS Pte. Ltd. (TISCS), to
invest in a 70% interest in Ambergris Solutions Incorporated, which
has a 100%-owned subsidiary, Ambergris Solutions Philippines Inc.
(Ambergris). This investment will strengthen SCS’ ability to deploy
business process outsourcing (BPO) services. Read
More
SPI’s
Ernest Cu to speak on the need for a strong “Brand Philippines”
(February
4, 2005 - Manila, Philippines)
- Ernest Cu, president and CEO of SPI Technologies (SPI) will be
one of five panelists to speak on the topic Brand Philippines
at the e-Services Philippines 2005 CEO forum February 17, 2005 at
the EDSA Shangri-La Manila. Representing the BPO sector, Cu is expected
to discuss the role of and strategies for building a strong Philippine
brand in the global outsourcing market.Read
More
Barone
Design Group Completes Shell’s Business Operation Center in the
Philippines
(January
14, 2005 - PRWEB) - Barone
Design Group, a solutions-driven architecture and interiors firm,
announced today the completion of the Shell Shared Services Asia-BV
business operations center in Makati City, Philippines. The 35,200
square foot facility was designed to support key internal business
and customer service functions and will accommodate 288 workspaces.
The facility is located on two floors in the RCBC Plaza, the largest
and most modern office development in the Philippines. Read
More
Industry
veterans form Outsource2Philippines.com
Venture to market the Philippines as a key investment location
(January 6, 2005
- Manila, Philippines) - Two long-time outsourcing and technology
veterans announced that they have formed a new venture to provide
high-value consulting services and to market the Philippines as
a key investment location for IT-enabled services (ITES). Dubbed
Outsource2Philippines.com, the for-profit firm will launch a suite
of services targetting ITES providers, investors, and support industries
this month. Read
More
Events Archives
2005
CEBU ICT 2005 June 22-24, 2005
Creatively Creating Convergence:
Cebu Gears for the Global ICT Market
e-Services
Philippines 2005 exhibit to run Feb 17-18
Business conference on pressing global outsourcing issues to be
held concurrently
(Manila, Philippines, January
13, 2005) - e-Services Philippines, the country's largest IT enabled
services (ITES) and outsourcing expo, will take place February 17-18,
2005 at the EDSA Shangri-La Hotel, Manila according to Assistant
Secretary Felicitas Agoncillo-Reyes, Executive Director of the Center
for International Trade Expositions and Missions (CITEM), the trade
promotions arm of the Department of Trade and Industry and organizer
of the event. Read
More
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