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The gleaming, glass-fronted building towers over its more traditional neighbours in this quiet street in central Moscow. But it is not just Yandex’s headquarters that stand out. Although the website is little known outside Russia, within the country’s borders it is a giant. It has become the nation’s most popular search engine, leaving Google trailing [...]
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The number of new IT and business process outsourcing contracts worldwide dropped by 20 percent to 411 in the second quarter from 516 in the same quarter a year ago, with average contract values also sliding, a research firm said. “The market is growing, but the pace of growth is slowing down,” said Salil Dani, [...]
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Global IT services spending should reach more than $251 billion dollars this year, up 2.1 percent from 2011, according to Gartner’s latest IT outsourcing forecast. Adjusting for currency changes, that’s actually around a 4.1 percent increase in spending–about the same level of growth as the year prior, according to Gartner research director Bryan Britz. But [...]
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There is a quiet revolution in the technology corridors of some of the world’s largest corporations. Traditional five-year, outsourcing mega-deals – whereby companies delegate the running of information technology (IT) functions to a third party – look set for extinction. The reason is a pressing need for more flexible, short-term arrangements from newer, nimbler players [...]
Continue reading Gartner: Worldwide IT Outsourcing Services Spending to Cross $251 Billion in 2012
August 20, 2012 No Comment
According to the latest outlook by Gartner Inc., worldwide spending for IT outsourcing (ITO) services is on pace to reach $251.7 billion in 2012, a 2.1% increase from 2011 spending of $246.6 billion. The fastest-growing segment within the ITO market is cloud compute services, which is part of the cloud-based infrastructure as a service (IaaS) [...]
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Business divisions are bypassing the IT department, making their own decisions to buy cloud-based application services or use mobile devices, raising the specter of so-called “shadow IT” that’s outside the knowledge or control of the CIO and the IT staff. “The data is suddenly not in the organization anymore,” says Chris Curran, principal for technology [...]
Continue reading EPAM & Hotels.com Reaffirm EPAM’s Status as a Strategic Delivery Partner for Hotels.com
August 20, 2012 No Comment
EPAM Systems, Inc. (NYSE: EPAM), a global software engineering and IT Outsourcing (ITO) provider with development centers across Central and Eastern Europe (CEE), and Hotels.com today reaffirmed EPAM’s status as a Hotels.com® strategic delivery partner. Working alongside Hotels.com, EPAM is one of the few selected partners that provides engineering services for the Hotels.com brand. Since [...]
Continue reading Reksoft Makes the 2012 Global Services 100 List for the Seventh Consecutive Year
August 19, 2012 No Comment
Reksoft, a leading software development outsourcing provider in Eastern Europe and part of Technoserv Group, today announced its inclusion in the 2012 Global Services 100 listing. The Global Services 100, now in its seventh year, is a tool for buyers of business and technology services to identify and select the right vendor. The study is [...]
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Whаt dοеѕ outsourcing mean? Outsourcing means contracting wіth another company tο dο a particular job. Approximately еνеrу business organization outsources іn ѕοmе manner. In general, thе function οr job whісh іѕ being outsourced іѕ measured аѕ non-core tο thе business. Fοr example, аn insurance company mіght outsource іtѕ landscaping operations tο ѕοmе οthеr firms thаt [...]
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Toroki Ukraina, an innovating company, providing embedded software engineering for networking, has announced an appointment of Sergiy Kuzmenko as new executive for position of General Manager – to strengthen its corporate management structure and optimize day-to-day operations. Sergiy Kuzmenko is to replace Valeriy Kozlov, Company co-founder, who from now forth will concentrate on the corporate [...]
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