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The French IT services provider Groupe Sterias has acquired UK-based technology firm Xansa for 472 million. This is sure to give the French service provider a much needed offshoring presence and a healthy foothold in India. Steria has been working on establishing a presence in India where over 5,000 of Xansas 8,000 global employees are based.
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Like outsourcing, but over more time-zones in different languages and cultures, offshoring is a huge step to take if you havent done it before. Getting it right can open up new avenues for increased productivity for a whole host of your organisations business processes. Getting it wrong can mean burdening your organization with addition cost and effort.
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With the global acceptance of India as a financial services outsourcing hub, major financial companies are joining the offshoring bandwagon. Banking giant Credit Suisse announced its plans to set up its centre of excellence in Pune by January this year.
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A report released by the nonprofit Work Foundation concludes that the threat to UK jobs from the offshoring from Britain to India is overblown, and that offshoring has not in fact made as big an impact on the UK economy as many believe.
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The Indian IT industry, registering heavy growth numbers year-on-year, will see more big deals coming to them in the next three years.
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A global consultancy firm asserts that Indian IT companies, which is bagging multi-million-dollar offshoring deals every day, has fail to capitalize the huge global offshoring market.
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Forrester Research at a IT forum said that "Over the next five years, IT business will become so deeply engrossed in technology and technology with business that it will change the way IT is managed by an organization".
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HR is one of the professions hit most by the trend towards offshoring. Four years ago, the majority of offshore activity was IT-related last year, four-fifths involved other business processes.
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