News

Aegis Expands Malaysian Presence

Aegis Limited, a global outsourcing and technology services company, announced in May, 2014 that it has increased its capacity in Malaysia from 1,000 to 1,600 employees across its experience centre in Kuala Lumpur, Malaysia. Aegis has expanded...

Payroll & Tax: Top Choices For Outsourcing In Finance

Payroll and tax remain the most often outsourced functions for accounting and finance departments in the United States and Canada, according to a new survey. Outsourcing of payroll occurs at nearly half of US and Canadian companies participati...

Philippine Economy To Double By 2030

The Philippine economy will more than double in the next decade as earnings from overseas workers and business outsourcing surge, a respected US-based think-tank said. The Southeast Asian country is poised to stage a major comeback to be one o...

Ricoh Snaps Up ITO Provider

Best Buy Co. Inc. announced that it is selling off its IT outsourcing and cloud services unit that serves small and mid-size businesses. The company recently announced it has sold MindShift Technologies Inc., to Japan-based Ricoh, according to...

HCL & CSC Pact Targets The Cloud

Computer Sciences Corporation (CSC). Nasdaq listed IT services firm and HCL Technologies, Indian based IT outsourcer, have formed a strategic alliance to broaden and deepen the level of services they can offer enterprises transitioning to a cloud ...

MDeC Bridges Local Businesses & Potential Investors Via ‘Deal Quest’

The Multimedia Development Corporation (MDeC) and Malaysian Venture Capital & Private Equity Association (MVCA) will collaborate to launch Deal Quest, an online platform to help make the pitching process more efficient for local businesses. ...

Founder Institute Launches 2nd Kuala Lumpur Programme

Founder Institute (FI), the world’s largest entrepreneur training and startup launch programme with over 1000 graduate companies, announced on Oct 11 that it is opening applications for it’s second semester in Kuala Lumpur, Malaysia. After lau...

Obamacare to Pave Way for Outsourcing

The new insurance plan by United States President Barack Obama called Obamacare, or formally the Patient Protection and Affordable Care Act, marks a big development and great news for outsourcing companies who handle customer care for insurers. ...

China Still Playing Second Fiddle

Chinese software outsourcing firms are unlikely to catch up with Indian and other global software services firms anytime in the near future, despite a major policy push towards outsourcing from China’s central government in recent years, accordi...

Emerging Nations to the Fore

Language constraints and competitive talent in other countries are resulting in India’s business process outsourcing (BPO) industry losing out to the Philippines, Canada and Poland, reported India’s Financial Express. The US$13.3 billion P...

Big Blue set to gobble up cloud security company

Trusteer, a company that provides cloud services and software aimed at providing security against online financial fraud, has been approached by IBM as a potential buyer, sourcingfocus.com reported. Trusteer has experienced “well above the m...

UK criminal screening service acquired by outsourcing firm

An outsourcing company with a large technology hub in Northern Ireland has acquired a criminal records checking service, the Belfast Telegraph reported. MITIE, headquartered in Bristol but with a base in Lurgan, has bought UKCRBs, one of the U...

Brit companies set to increase ITO adoption

A survey of more than 230 of highest spending UK businesses on IT by Whitelane Research revealed that more than a third of those businesses are planning to increase the amount of IT outsourcing they do. "The results show that 37% of participat...

Indian KPO market will touch US$30b by 2015

India’s Knowledge Process Outsourcing (KPO) market is growing at a compound annual growth rate (CAGR) of about 30% annually and may touch US$30 billion by 2015 from the current level of $20 billion, according to ASSOCHAM (The Associated Chambers...

Global ITO market set to reach US$288b

The worldwide IT outsourcing (ITO) market is forecast to reach US$288 billion in 2013, a 2.8% increase in US dollars (and 5.1% in constant currency) from 2012, according to Gartner, Inc. Compared with Gartner's previous forecast, nearly all ITO se...

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