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In human years the offshoring industry as we know it is getting close to the prime of its life. It has grown from bouncing baby when doting customer service managers and CIOs looked on, excited as their costs fell thanks to those happy offshore agents and developers.

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The five-year BP outsourcing deal for $1.5 billion (Rs 7,500 crore) is the best piece of news that the outsourcing industry has had since the global recession began.

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Increasing IT budget constraints have impacted spending in the region and therefore new kinds of business models like managed services and software-as-a-services (Saas) are expected to see a lot more appetite this year, research firm International Data Corp (IDC) said.

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The IT market in Montenegro remained almost flat in 2008, in U.S. dollars, having grown 0.7% year on year for a value of $79.55 million.

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ICB is one of the forty EU IT companies selected by the European Commission to represent the EU IT sector on a EU Business Mission to Japan, going to be held in December 2009.

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One of the few ways many small business owners are able to grow their businesses is through outsourcing. With many small business owners working 60 to 80 hours per week, outsourcing can free up a lot of time and energy so that the business owner can concentrate on working ON their business, and not IN their business.

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Archive and storage specialists Proact have entered into an extensive contract with oil company Mazeikiu Nafta, the biggest company in Lithuania.

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This year Intetics participated in two international conferences: Software Quality Assurance Days 2009 held in St.-Petersburg, Russia and Software Engineering Forum 2009 which took place in Minsk, Belarus.

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Outsourcing providers are touting their ability to move beyond service-level agreements to deliver services tied to customers’ business results–higher sales, lower costs, reduced errors.

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Minister of Small and Medium-sized Enterprises (SMEs), Trade and Business Climate Constantin Nita says that the factories working in outsourcing system will not leave Romania because of the economic downturn, but on the contrary, many other foreign companies might move their business here.

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