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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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Outsourcing is a strategic management model wherein business processes are transferred to another company. The concept is: to let a third party service provider perform the management and/or day-to-day execution of one or more business functions.

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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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BMI expects a new influx of EU funds in 2008 to stimulate Hungary’s IT spending following a slowdown last year due to a difficult political and economic situation.

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Application Service Provider (ASP); Business Process Outsourcing (BPO); Competitive Insourcing; Contract Manufacturing; Co-Sourcing or Cosourcing; Facilities Management; Insourcing; Nearshoring; Offshoring; Service Level Agreement (or SLA); Shared Services.

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