The SSON Daily News: February 27, 2014

February 27, 2014 iGate wins outsourcing contract from Sweden’s LÃ¥nsfÃ·rsÃ¥kringar Alliance Nasdaq-listed software services firm iGate Corp. on Wednesday said it has won a five-year outsourcing contract worth $35 million from Swedish financial services firm LÃ¥nsfÃ·rsÃ¥kringar Alliance to manage all its back-office financial and information technology systems. February 26, 2014 HandsOn3 acquires BancTec HandsOn3, a global buyout manager based in Santa Monica, CA, announced today that one of its affiliated funds has entered into a definitive agreement to acquire BancTec, Inc., a leading BPO company, headquartered in Dallas, TX. Wipro hits 14-yr high, bags IT & BPO contract from UK firm Shares of Wipro jumped 3 percent, touching 14-year high at Rs 595 per share intraday on Tuesday as it bagged a 10-year IT and BPO contract from UK's Carillion. Carillion operates across multiple industry sectors in the UK, Middle East and Canada and provides solutions in finance, design, construction and support services. Economy seen growing by 7.5-8% this year The Philippine economy is seen to expand by 7.5 to 8 percent this year, driven largely by the expected increase in the government’s infrastructure spending and continued robust consumption, according to the Metrobank-led First Metro Investment Corp. February 25, 2014 HGS opens centres in Philippines BPO services provider Hinduja Global Solutions (HGS), a Hinduja Group company, has opened two new centres in the Philippines with an $6.79 million investment. The new centres are located in Alabang, Muntinlupa City. HGS, which forayed into the Philippines in 2003 with the acquisition of C-Cube, now has 5,000 employees spread across six centres in the country. MDeC again partners the 2nd Annual Shared Services and Outsourcing Malaysia The Shared Services and Outsourcing Network (SSON) is once again delighted to announce MDeC (Multimedia Development Corporation) as partners and keynote speakers for the second edition of the Shared Services and Outsourcing Malaysia Summit! February 24, 2014 Serco Global looking at acquisitions in SMAC space in Brazil and South Africa Fresh out of its six-month long hurdle with the UK government, Susir Kumar, CEO, Serco Global, a leading global business process outsourcing provider, tells Beryl Menezes about the company's learning's on how to deal with government contracts, optimism on India business and more. Popular BPO sites driving PH property up A robust BPO sector—which is expected to remain strong in 2014—will drive the real estate industry further up this year. A Breather For BPOs The Indian Business Process Outsourcing sector is facing stiff competition from several emerging economies like China, Philippines, Brazil, Mexico, Chile and Poland. As highlighted in the Economic Survey for 2012-13, a Nasscom report pegged India’s loss in the global BPO sector at 10 per cent over the last five years. Public cloud services to grow 30% in India this year – Gartner The cloud services market in India will grow at close to 30% this year to about $550 mln, according to technology forecasting firm Gartner. The rate of forecast is three times the 10% growth that Nasscom has predicted for the domestic IT and BPO market in the year 2014-15. February 21, 2014 Remittances, BPO revenues to continue driving economy – Citi Financial giant Citi expects remittances and rising revenues of the business process outsourcing (BPO) sector to provide a boost to the country’s foreign exchange reserves, which fell sharply in January on the back of debt servicing. February 20, 2014 Stefanini Launches Unique HRO Service in Latin America Brazilian technology giant Stefanini has launched a new BPO unit to offer HR and payroll outsourcing services. The new unit will focus on sealing deals with global firms struggling to manage human resources in Latin America. CIO/CTO shapes up shared services strategy and puts the fun into ITSM When Bart Murphy was hired three years ago as vice president of shared services at the CareWorks Family of Companies, a shared services strategy was a distant dream. February 19, 2014 Allus Global BPO Center Obtains PCI Certification Allus Global BPO Center Obtains PCI Certification Allus starts 2014 with excellent results in safety in technology platforms, achieving PCI–DSS certification (Payment Card Industry Data Security Standard) to ensure implementation of controls for the proper handling of sensitive information such as credit and debit card transactions through different contact channels, including audio response, voice recording and video. Sykes Enterprises, Incorporated Reports Fourth-Quarter and Full-Year 2013 Financial Results Sykes Enterprises, Incorporated, a global leader in providing comprehensive outsourced customer contact management solutions and services in the business process outsourcing (BPO) arena, announced today its financial results for the fourth-quarter and full-year ended December 31, 2013. Software services exports jump 37%: RBI Software services and IT-enabled services exports are estimated to have increased by 37% to around Rs 3.41 lakh crore in 2012-13, a survey by the Reserve Bank said. BBC searches for new IT outsourcing agreement The BBC has unveiled plans to change the way it outsources its IT functions, by shifting from a single supplier model. Until now, the corporation's approach to IT outsourcing has been to use a single provider, with the £2 billion deal signed with Siemens in 2004 - and subsequently transferred to the IT services provider's new parent company Atos - set to expire in 2015, Computer Weekly reports. February 18, 2014 Aditya Birla Sells BPO Unit Aditya Birla Nuvo Ltd., a unit of diversified Indian conglomerate Aditya Birla Group, is selling its business-process-outsourcing unit Minacs to a group of investors for $260 million. Danish outsourcing firm ISS plans IPO, hopes to raise nearly $1.5 billion Danish outsourcing firm ISS said it plans to float on the Nasdaq OMX Copenhagen exchange in an initial public offering it hopes will raise 8 billion Danish crowns ($1.47 billion). February 14, 2014 IT-BPO revenues up 17% to $15.5B Revenues of the country’s information technology and business process outsourcing (IT-BPO) sector grew by 17 percent in 2013 from a yetar ago as more companies chose the country to locate and expand their operations, the Information Technology Business Process Association of the Philippines (IBPAP) said. February 13, 2014 Infosys to offer BPO services to Royal Philips till 2019 Country's second largest software services firm Infosys today said its outsourcing deal with Dutch company Royal Philips Electronics has been extended for five years. February 12, 2014 Japan's Outsourcing Inc buys majority stake in Alp Consulting Japanese staffing firm Outsourcing Inc has bought a majority stake in Bangalore-based hiring firm Alp Consulting as it seeks to increase its reach in the fast-growing Indian employment market. Golden Gate BPO Solutions Grows Global Footprint with A New Multi-Channel Contact Center in Belize Golden Gate BPO Solutions ("Golden Gate BPO"), a global provider of customer management and business process outsourcing solutions, has added a multi-channel contact center with a capacity of 550 workstations in Belize. The Belize City location will initially handle inbound customer service and sales support calls, primarily in English, that originate in the United States. Serco warns on profts as government ban is lifted Hundreds of millions of pounds were wiped off Serco’s market value on Thursday after a UK government decision allowing it to bid for public sector work was overshadowed by a warning that profits would be hit by troubled contracts in the UK and Australia. February 11, 2014 Asia Pacific Sees Rise in Second-Half Contracts, But Value is Flat with First Half: ISG Outsourcing Index Information Services Group, a leading technology insights, market intelligence and advisory services company, said today the number of outsourcing contracts awarded in the Asia Pacific region rose in the second half of 2013, but annual contract value remained flat with the first half, suggesting a trend toward smaller deals, a pattern consistent with activity globally and in other regions. ABSs "will contribute to the rise of legal services outsourcing", new book predicts Alternative business structures (ABSs) will create additional demand for legal services outsourcing (LSO) and could in time become LSO providers themselves, a new book has predicted. February 10, 2014 BPO Converga acquires Speedscan NZ Post subsidiary Converga has acquired of Speedscan Group Holdings to extend its reach in its core markets in Australia, New Zealand, the United States and Philippines. BPO to hire more Cebu workers BPO company SupportSave Solutions Inc. (SupportSave) on Saturday announced it will hire 100 more employees for the quarter. February 7, 2014 BPOs shun India and Philippines; rush to near and on-shore works to be closer to clients Business process outsourcing companies, specifically those in the contact centre space, are reversing the trend of moving most outsourced work to low-cost locations such as India and the Philippines, chasing higher-value business in exchange for working closer to their clients. BPO revenues set to rise 15% in 2014 The business process outsourcing (BPO) industry is playing an increasingly important role in the Philippine economy, both as a source of foreign currency earnings and as a destination for overseas investment. However, the sector could face greater regional competition as its neighbors look to cash in on the growing demand for outsourced services. February 6, 2014 Accenture Joins Forces with MIT Professional Education to Launch New Business Process Innovation Training and Certification Program Accenture, working in collaboration with MIT Professional Education, the engineering, science, and technology training arm of the Massachusetts Institute of Technology, have launched the Accenture Business Process Innovation Academy, a new training and certification program designed to help employees gain expertise in the key technologies that are driving today's Business Process services, including outsourcing. In turn, these employees can use this knowledge to help clients innovate and achieve business outcomes such as increased revenue or decreased costs beyond operations. Job loss fears after IBM outsourcing deal The computer giant has agreed to offload a server business to Beijing-based Lenovo — the world’s biggest PC maker. February 5, 2014 ACT-IAC Advises OMB to Push for Greater Adoption of Shared Services, Re-Use and Open Data Among Federal Agencies ACT-IAC Advises OMB to Push for Greater Adoption of Shared Services, Re-Use and Open Data Among Federal Agencies The American Council for Technology and Industry Advisory Council's (ACT-IAC) Institute for Innovation today announced the release of the report entitled, "Transforming the Way Government Builds Solutions." The report's recommendations are in response to a request by the Office of the Federal Chief Information Officer (CIO) and the Office of the Federal Chief Technology Officer (CTO) for public-private sector insight on how government can transform the way it buys, builds and implements solutions. Themes in the report include ways to leverage commercial best practice methods through modular development, open data, rapid innovation, agility, and reusability. DTI-Davao approves 51 SSF projects in 2013 The Department of Trade and Industry (DTI) in Davao Region was able to approve a total of 51 projects under its Shared Service Facility (SSF) initiative last year. UPM to outsource its occupational health care services in Finland to Dextra UPM and Dextra which is a part of the Pihlajalinna Group have signed a contract to outsource UPM's occupational health care services. As part of this agreement Dextra will provide occupational health care services to all UPM employees in all locations in Finland. February 4, 2014 Seaton Announces it has Acquired Australian Recruitment Process Outsourcing firm, HRX Seaton, a Chicago-based outsourced provider of human capital management, announced it has acquired HRX, a leading recruitment process outsourcing (RPO) provider headquartered in Sydney, Australia. HRX will join Seaton's operating brands, which include Staff Management|SMX, PeopleScout and StudentScout and will be known as HRX, a PeopleScout Company. February 3, 2014 Mitie Group Says Financial Year Progressing Well - Quick Facts Outsourcing company Mitie Group Plc. (MTO.L) said that the financial year is progressing well. It is confident that it will continue to build on its long track record of sustainable profitable growth. It continues to re-position the group away from low growth, low margin activities and it remains very positive about the range of outsourcing opportunities across its key markets.

The SSON Daily News: February 27, 2014

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