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Report: IT Outsourcing Bookings Decline 70% in North America

Report: IT Outsourcing Bookings Decline 70% in North America

By Narayan Ammachchi IT outsourcing bookings declined 25% globally in the second quarter of this year, with cloud computing continuing to outshine the outsourcing sector. This is the second straight quarter of declining growth, according to research firm NelsonHall’s quarterly ...

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Essar Group Reportedly Plans to Sell Aegis for $1.5 Billion

Essar Group Reportedly Plans to Sell Aegis for $1.5 Billion

By Narayan Ammachchi Indian multinational conglomerate Essar Group is reportedly negotiating with a slew of private equity firms to sell its BPO arm Aegis. The equity firms offering to buy Aegis include KKR, Blackstone, Warburg Pincus, General Atlantic and Temasek, according to Indian television ...

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Revealed: Why Indian Outsourcers Are Buying into Verticals

Revealed: Why Indian Outsourcers Are Buying into Verticals

Large Indian outsourcers have been buying US-based niche vertical industry specialists, and experts expect the trend to continue. The acquired firms are helping expand opportunity in high margin engagements, while also building the human resources needed for long-term growth. “For these ...

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Latin America Becomes TCS’ Second Fastest Growing Market

Latin America Becomes TCS’ Second Fastest Growing Market

By Narayan Ammachi Outsourcing giant TCS has reported a 51.5% rise in fourth-quarter net profit, with Latin America becoming its second fastest growing region after continental Europe. The Mumbai, India-based IT outsourcer stated that it is optimistic about winning more ...

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Apax Partners Acquires India’s GlobalLogic

Apax Partners Acquires India’s GlobalLogic

By Narayan Ammachchi Private equity firm Apax Partners has acquired India’s software R&D services provider GlobalLogic, which has significant operations in Argentina and Chile. Terms of the transaction were not disclosed but a report in The Times of India pegged ...

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