Why banks are re-thinking what stays in-house and what is managed by outsourcers.
By Eric Hochstein
In what is described as the largest deal of its kind in the history of Louisiana, IBM has announced plans to open an 800-person operation in Baton Rouge for software development and services maintenance.
Reports say the technology giant finally chose Baton Rouge after a two year search. The deal forges a unique public-private partnership to develop a new, state-of-the-art delivery center and a riverfront residential-office complex.
Under the agreement, the state will fund expansion of the computer sciences department at Louisiana State University (in Baton Rouge), adding new faculty and classes, and enrolling more students, in order to meet the demands of the world’s largest technology services provider.
IBM will use the facility to deliver a range of software services, including application development, application management and system integration.
IBM is just the latest to announce investment in U.S. domestic outsourcing sector. Canada’s CGI, and U.S.-based companies including Ameritas …
By Narayan Ammachchi
India’s biggest IT company Tata Consultancy Services (TCS) has agreed to acquire French IT group Alti SA for US$97 million. Analysts say this is the biggest deal TCS has ever struck in Europe, whose IT services market is valued at $40 billion.
For TCS, the acquisition provides a strong foothold in Europe’s outsourcing industry and provides access to big name companies in sectors including financial services, retail and utilities.
Paris-based Alti SA – owned by CM-CIC LBO Partners and IDI – reported $164 million in annual revenue last year. The French company, TCS says, is regarded as one of the top five system integrators of enterprise solutions in France and has more than 1,200 employees in Europe.
“This acquisition underlines our long-term, strategic commitment to France, which is the third largest IT services market in Europe. I am confident that this acquisition …
By Tarun George
How bad must a situation become before you write a letter to the President? Well that’s the US work visa process for you. Around this time last year, a group of Indian and American IT companies sent a letter to President Obama, asking him to intervene in an immigration policy, which they claimed, was seriously hurting their businesses. The firms backing this appeal were not only the Indian heavy-hitters like Wipro, TCS and Cognizant, but also global giants such as Accenture, eBay, HP, Intel and Microsoft. The fact that the letter was signed by the US Chamber of Commerce only underscores the seriousness of the issue.
Members of the third annual Nearshore Americas Power 50 Ranking – announced here today – demonstrate the real character of this emerging, chaotic and scrappy young industry. The ranking, which is the result of a five-month nomination and review process, strives to bring to light the spark and inspiration that powers the Nearshore business community. The list is remarkable for several reasons.
New York, NY (PRWEB) March 07, 2013
For four years in a row, the U.S. has declined in global competitiveness rankings. The decline is part of a larger problem that many U.S. business leaders are increasingly worried about: If Washington can’t work out its problems how can I as a business leader find innovative human capital and technology solutions to make my business more competitive?
This is one of the central questions being addressed at the 2013 Nearshore Nexus executive conference, where business leaders come together to assess how to improve efficiency, accelerate technical innovation and gear their businesses to be globally ready. The Nexus conference is designed to generate business-specific knowledge and dialogue about the opportunities, risks and advantages of developing strategic relationship in Latin America and the Caribbean.
Keynoting Nearshore Nexus is well-regarded New York Times columnist Joe Nocera, who will deliver …
By Narayan Ammachchi
Chile’s business and IT offshoring industry has, over the last few years, squandered its once high-ranking position in Latin America sourcing. The country’s right wing, hands-off government has deliberately avoided promoting the sector for the past few years and many well-connected executives in this otherwise high-performing country are angry and dismayed. “The new government has not taken the industry seriously in the first place,” says Gordana Stojkovic, the former Executive Director of Chile-IT, which itself was dissolved two years ago.
BY STAFF REPORT
India’s IT/BPO sector will maintain a 12 percent growth rate and post export revenue of US$ 87 billion in 2014, says the country’s industry lobby group Nasscom.
The changing business model and emergence of new technologies, according to Nasscom, will help the domestic BPO firms widen their reach and extend more services to their clients overseas.
Smart computing and ‘anything’-as-a-service are expected to open new opportunities for the country’s BPO service providers.
“Technology has today become an integral enabler for growth across all sectors and the industry is continuously evolving and innovating to emerge as a strategic partner to its customers. The thrust is IP led solutions served over multiple platforms that has the customer at the centre of every module, and is transformative in nature,” said Natarajan Chandrasekaran, Chairman of Nasscom, and CEO of Tata Consultancy.
Som Mittal, President of Nasscom, said the association will partner with …
By Timothy Wilson
The state of Jalisco, Mexico, and particularly its capital city Guadalajara, is becoming a hotbed for mobile application development. There are many reasons for this, but one is the important role played by Guadalajara’s Western Institute of Technology and Higher Education (ITESO) and its Program for Management of Innovation and Technology (PROGINNT).
By Eric Hochstein
In an interview with Nearshore Americas following the opening ceremony for TCS’ newest Global Delivery Center, in Queretaro, Mexico, Ankur Prakash, VP and chief operating officer of TCS Latin America, revealed that the company plans to generate $1 billion a year and employ more than 20,000 people by 2016 in the region. The company employs about 9,000 people today in seven Latin America countries.