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Godrej Industries Limited GIL, the flagship company of the Godrej Group, has shifted its entire information technology staff to Hewlett Packard HP, India. The move is a part of the outsourcing deal that GIL has signed with HP, for its in-house IT operations. The IT workforce of GIL have been transferred to HP, and operations have been outsourced to the company. We have not laid anyone off, said Adi Godrej, chairman of GIL. He declined to give the size of the deal.
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While numerous studies have been pointing to a possible softness in IT budgets next year, the closely watched TPI Index of global contracts shows a definite slowdown in outsourcing. The Houston, Texas based TPI, the worlds largest sourcing data and advisory firm, released the quarterly numbers of global outsourcing deals on Thursday. About 128 outsourcing contracts worth only USD14.4 billion in TCV total contract value were signed in July September, the third quarter of calendar 2008.
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A recent report from TPI shows a slowdown in the signing of outsourcing deals . According to the report new outsourcing contracts in Europe fell from 75 to 56 in the 2nd to 3rd quarter of this year and the only one significant mega deal was signed during the 3rd quarter. This has got people within the industry wondering whether we are about to see the decline in outsourcing contracts as more end users keep a close eye on the bottom line, maybe bring services back in house or just dont do anything at all.
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Systems Plus Solutions, Indias fast growing IT Consulting and Outsourcing Advisory firm, has announced the recent opening of its North American sales and operations office headed by the Systems Plus Solutions, LLC USA President Merveille Nagarsheth. Systems Plus is pleased to have the first USA office in New Jersey, said Merveille Nagarsheth, President of Systems Plus Solutions, USA LLC a newly incorporated division of Systems Plus Solutions, India. The opening of our new office in NJ reaffirms our commitment to delivering strong relationship and the best of industry practices to our clients in North America.
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Extentia Information Technology, a global software development company, today announced the formalization of a strategic development relationship with CoSMIT GmbH, Germany, to provide software development and consulting services to their European clients.Extentia Information Technology is a software development and consulting organization primarily servicing North America and Europe. With strong technical skills both on Microsoft and Java platforms, Extentia is committed to delivering high quality, information technology solutions. The company focuses on providing global solutions, and addresses the needs of corporations and software development companies requiring Internet, webbased and clientserver solutions based on industry standards and emerging technologies.
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Wipro Technologies has won a five year, multi million dollar deal with a global consumer apparel company headquartered in the United States. In this engagement, Wipro will manage application development and support for application portfolio spanning areas such as supply chain, gotomarket, collaboration, distribution and warehouse management, retail and legacy systems. Wipros focus on business transformation, with a risk mitigated solution was the key differentiator.
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Nasscom, the premier trade body and voice of the Indian IT BPO industry, and Pricewaterhouse Coopers, the leading professional services firm in India, today released a report on Japan titled Opportunities for Indian IT Industry: Japan. This is the second report in the Country Report series that focuses on specific countries, regions that are alternate markets, competitive destinations and or potential partners for India.
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HCL Technologies CEO, Vineet Nayar, has said he sees deals worth about USD2 billion, on which decisions would be made by clients in the next 90 days. Revealing this in a conference call with analysts after announcing results for the quarter ended September 2008, Nayar said, I havent seen something like this in the last 3 years. He cited outsourcing advisory companies as saying that deal flows would slow down. Despite this, I feel that Indian service providers would see a larger deal flow should decisions go in their favour, referring to the same deals.
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Indian offshoring is expected to grow from current USD 1.4 billion to USD 4.2 billion before year end 2010. Zinnov, a management consultancy outfit, forecasts Infrastructure Management Services IMS to be the next big growth Indian offshoring. The banking, financial services and insurance industries are the biggest users of IMS services and will constitute approximately 43 percent of the market. High tech telecom, manufacturing and retail industries will constitute approximately 12 percent each and will be second biggest consumers of offshored IMS services.
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In a major domestic outsourcing deal, Godrej Industries and Godrej Consumer Products have signed a 10 year outsourcing contract with HewlettPackard HP. The value of the contract was not disclosed, but would include application development and maintenance, infrastructure management and transformational initiatives. As part of the agreement between the firms, HP will also take over the staff working in the IT operations of the two companies.
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Offshore outsourcing is no longer a novel idea. It is an accepted business practice and for many the offshore operation has become a significant part of their overall operations. So it is essential they succeed in this endeavor. However the reality is that better than 50 percent of offshoring initiatives fail to meet original expectations. Successfully managing offshore projects requires that you understand the major challenges. These have broken down into two categories, External and Internal.
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Doomsday predictions not withstanding domestic IT companies are hoping to dig for gold in the rubble from the collapse of some of the biggest financial giants in the US and perhaps in other regions that could follow. The global financial crisis they believe could in fact result in bigger volumes of IT outsourcing they believe as the banking, financial services and insurance BFSI, majors are forced to cut costs and improve efficiencies.
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The Top 8 Global Outsourcing Cities includes as many as six Indian cities led by Bangalore, Chennai, Delhi National Capital Region, Hyderabad, Mumbai and Pune. Dublin Ireland and Makati City The Philippines are the other two cities in the list, according to a study by Cyber Medias Global Services and investment advisory firm Tholons. Indias representation in the top 50 Emerging Global Outsourcing cities has grown to four, from last years three, with the addition of Jaipur to the list at No 31.
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With GDP growth of about 9 percent and wider expectations from analysts that in near future Indian economy can rule the globe, Indian business is on a roller coaster ride. Indian business, especially IT and ITeS segment is the backbone of this commendable GDP growth. Although IT sector was doing reasonably well, however it seems retrenchment has hit India also. The Indian counterparts have been constantly appraised, no wonder Indian IT industry has spearheaded towards consolidated global expansion.
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Tata Consulting Services TCS small and medium business SMB unit is all set to tap the global market with its total outsourcing solutions developed in India. The company will market its solutions globally, starting with emerging markets like Latin America LATA, Middle East ME and Africa in the next two to three quarters.
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Public sector telco giant Bharat Sanchar Nigam BSNL has inked an agreement with Cable andWireless India to offer managed network services MNS Public sector telco giant Bharat Sanchar Nigam BSNL has inked an agreement with Cable and Wireless India to offer managed network BSNL is focusing on broadband, network monitoring and managing MPLS networks for big corporates as the next big growth area. We have plans to invest roughly USD 10 billion on network expansion over the next three years, It is therefore important for us to partner with a leading and trusted telecom provider such as Cable and Wireless, who have one of the most resilient network infrastructures available BSNL CMD Kuldeep Goyal said.
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