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Oracle made an astounding move that will surprise most of its direct competitors.

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Though to a limited extent, the strain of the economic crisis is felt by the IT industry as well. After the release of considerably poorer macroeconomic data for the Central European region, a need arose to revise forecasts for the IT market.

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Despite the natural advantages of outsourcing – cost-cutting, headcount reduction and ability to refocus on core competencies – offering a major positive in troubled times, firms are naturally suspicious of each other, knowing that financial stability cannot be taken for granted.

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Ukraine: IT Outsourcing Market Reports

The stimulus spending will add $40 to $60 billion per year to the overall U.S. IT industry over the next two years, with the largest short-term impact coming in the U.S. Federal sector

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SoftServe, the global software development and consulting provider, announced that it was included in the 2008 Black Book of Outsourcing, a survey published by Brown-Wilson Group.

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The public sector is the most attractive market for software and IT services vendors in the UK in 2009, with local government outsourcing programs a key growth driver.

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Prior to the global economic downturn, organizations questioned whether there were enough IT specialists in the industry.

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EPAM confirms its #1 position in Central and Eastern Europe among IT service vendors by being the only company with development centers across the region selected into the most prestigious category of the leading global 100 innovative service providers — “Top 10 Best Performers: IT Services”

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SoftServe, Inc., a leading provider of outsourced software development and consulting services, recently joined the National Outsourcing Association (NOA), Europe’s first Association for effective outsourcing.

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