India and China will be the main winners from an increase in offshoring but Eastern Europe is also set to benefit, according to a report.
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EDS and Xerox Corporation have signed a $40 million contract with Barclays Plc.
Serco, the contract and facilities management group, has expanded its specialized IT operations across the UK and North America with two acquisitions, a departure from its policy of organic growth. Serco has acquired ITNet, the British IT services company, for £235m and Resource Consultants, Inc.
Accenture reported a double-digit overall growth for the first quarter of fiscal 2005 helped by a 14 percent increase in consultancy business.
Computer Sciences Corporation has signed a memorandum of understanding to extend CSC's information technology (IT) outsourcing contracts with General Dynamics business units for a period of 7.25 years.
Indian software company Wipro saw its business grow but some of the gains were wiped out by a huge staff turnover in its outsourcing arm.
The company announced the acquisition of the HR outsourcing firm and the restructuring of its outsourcing division.
Europe has overtaken the United States as the world’s leading market for new outsourcing contracts.
Bonuses at consulting firms rebounded in 2004, but not nearly enough to stop retention from becoming a major headache in 2005. A staggering 53 percent of all consultants appear dissatisfied with their year-end bonuses, a worrying statistic for all those HR departments that have made retention a key goal for 2005.
Cisco Systems is in the running for partner of the year. Instead of leaving its outsourcing partners with tons of excess inventory for another quarter, the networking giant stepped up to the plate and said it will take a huge $2.