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Outsourcing application development allows organizations to realize cost savings and provides the flexibility necessary to scale. However, it also introduces significant risk in the form of security vulnerabilities and malicious backdoors.

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The global economic meltdown forced Asian outsourcing firms to rethink their investment and company strategies, as their respective government and financial institutions try to shield them from any adverse impact.

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Outsourcing business is governing the business world today. Irrespective of whichever sector you consider you are likely to find some kind of outsourcing taking place.

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The International Association of Outsourcing Professionals (IAOP) is pleased to announce that the following companies have been selected as 2008′s best outsourcing service providers – The Global Outsourcing 100™.

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Dallas – In the medium-to-long term, the sub-prime crisis will accelerate global sourcing adoption as financial institutions push the envelope on offshoring to cut costs, according to Dallas-based Everest Research Institute.

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For outsourcers the outlook is quite grim as some of its customers, like Lehman Brothers, are no longer around, said a partner at one firm.

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Nearshore and offshore activities are nothing new for Europe, according to Dana Stiffer, research director, Services and Outsourcing, AMR Research.

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The emergence of Information Technology Outsourcing (ITO) in the 1980s and Business Process Outsourcing (BPO) in the 1990s saw U.S.-based firms strike a slew of mega deals.

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In the medium-to-long term, the sub-prime crisis will accelerate global sourcing adoption as financial institutions push the envelope on offshoring to cut costs, according to the Everest Research Institute.

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From the beginning of summer 2008 there has been a slew of bad news in US that caused ripple effects across the globe.

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