outsourcing

Satyam tries to reassure customers, investors

ITworld staff — Thu, 08 Jan 2009 10:46:13 -0500

Satyam's interim management tries to reassure customers and investors at a press conference Thursday, but did not discuss concrete measures.

US law firms file class-action lawsuits against Satyam

ITworld staff — Thu, 08 Jan 2009 10:38:35 -0500

Law firms Izard Nobel and Vianale & Vianale have filed class action suits in the US on behalf of those who purchased American Depository Receipts (ADRs) of Indian outsourcer Satyam Computer Services.

Satyam chief quits, admits faking financial results

ITworld staff — Wed, 07 Jan 2009 09:40:57 -0500

The chairman of troubled Indian outsourcer Satyam Computer Services on Wednesday tendered his resignation to the company's board of directors, admitting that the company inflated its financial results.

Satyam hires Merrill Lynch to review its 'strategic options'

ITworld staff — Mon, 29 Dec 2008 16:59:20 -0500

Indian outsourcer Satyam Computer Services said on Sunday that it hired investment bank DSP Merrill Lynch to review its "strategic options to enhance shareholder value," a hint that the Indian outsourcer is looking to either be acquired or to sell a significant stake to an outside investor.

Satyam barred from World Bank business

ITworld staff — Tue, 23 Dec 2008 14:18:27 -0500

The World Bank has declared Indian outsourcer Satyam ineligible to receive direct contracts from the bank under its corporate procurement program for eight years.

Wipro buys Citigroup's Indian software arm

ITworld staff — Tue, 23 Dec 2008 12:41:40 -0500

Wipro is acquiring Citi Technology Services, an IT services and software development subsidiary in India of Citigroup for about US$127 million in cash.

Building the High-Performance Global Workforce

ExecutiveBrief — Tue, 23 Dec 2008 08:54:02 -0500

Companies that can work cheaper, faster, and better are well-positioned to develop and market products and services that give higher value to their customers. But how do project managers and business leaders effectively manage geographically dispersed workforces?

Outsourcing firms warn of possible H-1B visa cutbacks

ITworld staff — Mon, 22 Dec 2008 12:45:11 -0500

Several companies have alerted investors that a changing U.S. political environment could limit access to H-1B and L-1 visas, which they say could hurt their businesses.

Offshoring & Outsourcing in 2009: What Does the Future Hold?

ITworld staff — Mon, 22 Dec 2008 10:51:06 -0500

IT outsourcing providers were largely unscathed by the economic downturn throughout much of 2008. But by the end of the year CIOs were too distracted by the economic destruction surround them to do any outsourcing deals. That's all poised to change in 2009. The only problem is, that may be bad news for both IT services providers and their IT leader customers.

Beyond Cost-Savings: How to Make the Most Out of IT Outsourcing

ExecutiveBrief — Tue, 16 Dec 2008 06:01:32 -0500

If technology is so critical to the success of the company, then why is it being outsourced to different parts of the planet? These suggested strategies can prove that there is more to outsourcing beyond cutting costs.