Industry News
Intelenet eyes LPO, education sectors
Oct 10th, 2008 - The Economic Times (Delhi)
BPO firm Intelenet is looking at LPO, education and HR outsourcing as the next big thing to promote growth in the Indian market. As Indian companies grow, they would require greater legal support, thereby creating the need for outsourced work
IT, ITeS M&As touch a crest in Jul-Aug
Oct 10th, 2008 - The Financial Express (Bangalore)
According to industry watchers, the sector will continue to witness high action in the M&A space even though big ticket acquisitions are expected to be fewer in number. In these two months, the share of the IT/ITeS sector in the overall M&A value has increased to 36% compared to a negligible 4% in the January-June period. The sector also scored high in terms of private equity (PE) investments with the highest number of investments made in the sector in July and August.
Collaborative outsourcing
Oct 10th, 2008 - Deccan Chronicle (Bangalore)
An article on the recent Gartner conference in London, which focused on the theme of 'Strategic Multisourcing'. One question that has become especially relevant for smaller firms, and those firms seeking to outsource for the first time is the choice between multiple partners and building a wide and deep relationship with a single trusted source.
TCS-Citi deal expensive, say analysts
Oct 09th, 2008 - Business Standard (Hyderabad)
Tata Consultancy Services (TCS) left behind bidders such as Genpact and IBM to buy out the back-office operations of Citigroup for around Rs.2,400 crore. However, analysts believe that the deal is expensive and many feel that it is an attempt by Citigroup to shore up its revenue in the current financial turmoil.