- IT outsourcing renewal contracts worth $250 million up for grabs
Indian Information Technology service providers are preparing for a tough competition with global IT players as large business organizations in the United States and Europe are about to renew technology outsourcing contracts. The total value of renewal is estimated to be USD 19.5 billion.
- vCustomer BPO acquired by Mahindra Satyam for USD 27 million
In a recent acquisition Mahindra Satyam has bought vCustomer, a Business Process Outsourcing company, which is head quartered in Washington, US. The acquisition is worth USD 27 million. It is learned that Mahindra Satyam has taken over the total ownership of the BPO’s international operations. This acquisition is first of its kind after Satyam’s take over by Mahindra.
- 7 Budget Recommendations from NASSCOM for BPO Industry in India
In an attempt to aid the growth of Information Technology and Business Process Outsourcing industry in India, NASSCOM has raised the concerns shared by the industry to the central government. The recommendations have been submitted to the central government for consideration, so that appropriate steps can be taken by the government in the Union Budget 2012.
- HP targets Infrastructure Outsourcing
Hewlett Packard feels that the Infrastructure Technology Outsourcing (ITO) services will be the future of outsourcing and will play a significant role in growth of the sector in the country. According to HP, Infrastructure Technology Outsourcing which includes data centers, information security services and many others will take India to the next level of outsourcing.
From Other Sources
- Sutherland, Genpact eye Apollo BPO
Back office majors Sutherland Global Services and Genpact are in the final race to acquire Apollo Health Street, the healthcare business process outsourcing (BPO) arm of Apollo Hospitals, in a deal valued at over Rs 1,100 crore ($220 million), said two separate sources briefed on the matter.