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Spending on new outsourcing deals in Europe rose during the second quarter of 2011 in contrast to a global decline in outsourcing spend, research has found.

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Luxoft Continues Momentum as a Leading Global Outsourcing Provider

Luxoft announced continued momentum fueled by customer and partner engagements, product innovation and strategic leadership team additions.

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EPAM Systems, Inc., a leading software engineering and IT Services provider with development centers across CEE, announced today that it was one of only two vendors named as “IT Services Leaders — Eastern Europe”

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Luxoft has announced today a receipt of several industry accolades further validating its position as an IT outsourcing leader.

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The survey revealed that IT outsourcing has reached a point where multiple forces are changing the dynamics of the industry to set it on a new course.

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Outsourcing is a common business strategy. Organizations outsource functions, activities, decisions and responsibility to external suppliers.

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You want a provider with expertise in your industry, a deep understanding of your processes and a proven track record of superior delivery.

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The word “outsourcing” doesn’t have a very good reputation, and I think it’s mostly because there’s a misconception about what outsourcing means.

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According to TPI, outsourcing marked contracted by 18% to US US$16.4 billion in the second quarter, which is 21% lower than in Q1.The main reason – drop in the number of large contracts.

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Mixed results have shown that offshore IT outsourcing — all the rage for the past decade — has over-promised and under-delivered.

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