Owner: IT Outsourcing Russia 2008 URL:http://epam-systems.blogspot.com/ Join Date: Mon, 14 Jan 2008 09:43:01 -0600 Rating:0 Site Description: EPAM Systems is the # 1 software development outsourcing services provider in Central and Eastern Europe. Founded in 1993, EPAM maintains North American headquarters in Lawrenceville, NJ, and European headquarters in Budapest, Hungary, as well as support Site statistics:Click here
Russia in 2007: Turning Point.Part I: Economic Overview 2008-02-28 10:50:00 2007 was a turning point for Russia
whose GDP grew 7.6 %, says a UN annual report titled “World Economic
Situation and Prospects 2008”. Economic growth was particularly promoted by the increase in consumption and investment levels, high oil prices and Russia's stable fiscal policy. The rapidly growing economy and the strengthening national currency are also reflected in the robust increase in exports which, in terms of volume, is expected to grow three times faster than total output in the next few years according to Bank of Finland BOFIT. Russia has also significantly improved its international financial position to finally vanish the aftermath of the financial crisis of 1998. The federal budget has run surpluses since 2001 and ended 2007 with a surplus of about 3% of GDP according to Read more:Overview
IT outsourcing Klondike in Europe 2008-02-04 12:06:00 Every December is a high time for top management to gather and make serious decisions: drafting budget for the coming year and devising the company’s strategy. And IT outsourcing buyers are no exception. Board Directors gather in conference rooms and discuss plans for future company growth plans and new market expansions. And the question “where” they should outsource various IT services comes up in the first line. A recent survey showed that Europe
became the world’s largest outsourcing consumer. Given the evident nearshoring benefits - time-zone compatibility, cultural and geographical proximity leading to better communication and fewer costs on travel – which are coupled with enormous pool of highly skilled experienced IT professionals it’s quite likely that European corpor
The Old World to set the pace of outsourcing 2008-01-30 07:51:00 Europe took the lead over Americas and now is the world’s largest it outsourcing market, both in the number of major contracts signed and in their total value. In the past year European share of the IT outsourcing market showed impressive growth and even left both Americas far behind. While American companies signed 194 contracts, worth €21.3bn (£16bn), Europe settled 220 major contracts for €32.7bn (£24.5bn). According to Duncan Aitchison, TPI Europe president, the reason behind such a leap is the rising popularity of the outsourcing model in the countries, traditionally avoiding it.Apart from the well-established outsourcing market in the United Kingdom, Northern European countries like Germany, Netherlands, Switzerland, Sweden and France enhanced their outsourcing activity latel Read more:World
TrendScan Survey: Spending on ITO “will increase” in 2008 2008-01-17 11:18:00 Of the 250 global companies polled in Syntel's TrendScan survey, 52 per cent said that the impact of financial turmoil would prompt them to increase their outsourcing spend.Bharat Desai, chairman and chief executive officer of Syntel, said: "In a weak or uncertain economy, companies look for technology solutions that will increase productivity, efficiency and savings."Furthermore, she claimed that Syntel was "not surprised" that over half the respondents in the survey planned to increase their spending in 2008 despite threats of a slow-down in the economy. "Outsourcing is a hedge against general IT costs and can be a strategic component of research and development," Bharat explained.The survey also revealed that just 28 per cent of businesses polled would spend less overall to conserve bud Read more:Spending
2008: seven new Russian techno parks to be launched 2007-12-27 12:48:00 The first objects will start operating in Russian
pilot techno parks in 2008, said Leonid Reiman, Russia’s Minister of Communications. He noted the infrastructure of the objects constructed is being actively developed and the first investment agreements are being signed. The Ministry of Communications plans that in 2011 the output of seven pilot techno parks will amount to $4,7 bln, while the overall number of employees in the given techno parks might exceed 75 thousand.Mr. Reiman said at the Global Investment Financial Forum in Moscow that the key mechanism of state support is currently revealed in co-funding the development of engineering, transport and other infrastructural items. Also this is going to give a serious boost to the Russian ITO industry. Currently this work is well under
Russia: A turning-point in IT outsourcing 2007-12-21 09:05:00 In 2007 the majority of the large Russia
n companies have shown a trend towards more positive views to IT project outsourcing, state the market players. The understanding that in conditions of the fast-paced economy it would be logical to transfer some of the enterprise's non-core functions to an external professional service provider facilitates this trend. According to some expert estimation, over the past year the Russian outsourcing market has narrowed the gap in growth rates between it and Europe more than twice. Russian outsourcing providers report that large domestic companies are becoming less prejudiced against the IT segment. As of now quite a few companies in Russia realize the financial benefits of enlisting help of the independent service providers. However it is particularly j Read more:point
, turning
Russia’s tempting ITO opportunities 2007-12-13 04:38:00 While India is still the mainstream IT outsourcing destination in absolute figures, it’s no longer the unconditional choice. It appears Russia
is becoming increasingly seen as an alternative to India's dominance, says Karen Geldenhuys, newly-appointed MD of IT recruitment company Abacus Recruitment.Geldenhuys says companies unwilling to invest all their IT outsourcing resources in one country, or who are simply looking for an alternative, are turning to Russia. … Russia boasts a growing number of IT outsourcers, offering anywhere between US$8 000 and US$14 000 for a programming job, according to the latest reports.Geldenhuys says Russia is now parading its IT industry as a strong alternative in the outsourcing environment. "It is offering what it claims is top quality, cut-price progra
Forrester says: Outsourcing to Eastern Europe is a great option for the European companies 2007-12-10 11:39:00 When do Indian outsourcing services providers fail to fit the mould? This is the question Stephanie Moore, VP at Forrester, raised at their annual Services and Sourcing Forum.In terms of outsourcing, India may not always be the best decision for a business, explained Forrester.…India does have its drawbacks as an area, said Moore in her keynote. India is more expensive than many locations, travel can be difficult and the India’s infrastructure has difficulty supporting its growth, Moore added.“One of the most important issues companies struggle with is time zones,” Moore said, adding “you don’t want critical systems supported by someone on the night shift, who probably isn’t the brightest in the company.”Also businesses need companies with similar language and cultural effi Read more:Eastern
, Europe
, European
, option
, Outsourcing
Russian and Ukrainian IT Services 2007-11-26 06:13:00 A couple of months ago Goaleurope experts were scanning ITO market of Eastern Europe and now have summarized their findings and a few facts about the industry.We have identified over 150 companies of various sizes, vertical mix, product and services mix. One certain observation that came out of our research is that the industry is highly fragmented. These companies together employed over 50 000 people and generated $12.5B in revenue.Goaleurope suppose there is a lack of resources in the services sector in Russia. However we find the annual supply of graduates with IT and IT-related degrees sufficient for the internal market demand. Despite being almost 80% smaller by population, Russia produces the same 200,000 graduates capable of entering the IT sector as India, according to Microsoft Re Read more:Russian
, Services
, Ukrainian
Add Russia to ITO “Favorites” 2007-07-24 06:08:00 To outsource or not to outsource is not a question any more. The tricky point is where to outsource.At the Gartner Outsourcing Summit in Dallas in mid March 2007 it was reconfirmed that offshoring is no longer that India-centric as before, and is going more and more global with emerging destinations trying to adopt India’s success model. By 2012, India's dominant position will be significantly diluted by effective alternative destinations, the so-called challengers. At present smaller market players with relatively limited resources try to gain competitive advantage by narrowing their services specialization. Given that cost reduction is no longer the most powerful incentive to go offshore, the market repartition may be explained primarily by the need of the client companies for certain Read more:Russia
Hungary: Optimal Nearshoring Choice for IT Outsourcing Buyers 2008-03-11 06:31:00 Hungary, a beautiful country conveniently located in Central Europe, successfully made a transition from a centrally planned to a market economy at the end of the 1980s. Although the economic growth of the country has been often cyclical, the accession to the EU had an overall positive effect on its economic performance. According to European Information Technology Observatory (EITO) the IT outsourcing market is showing a robust growth: already in 2006 it reached 91 million EUR (over 135 mln USD) and continues growing at an impressive pace. Hungary’s strong ITO value proposition, geo and cultural proximity to the Western Europe which recently outrun the US in terms of ITO activity (source: Forrester) makes it an optimal nearshoring option. The global shortage of IT professionals has not Read more:Buyers
, Choice
, Hungary
, Outsourcing
The 2008 Global Outsourcing 100 announces winners: the Russians excelled! 2008-03-31 10:30:00 The International Association of Outsourcing
Professionals (IAOP) has finally announced the long-awaited Top 100 world outsourcing service providers. Four critical characteristics are taken into account by an independent jury: size and growth, customer references, organizational competencies, and management capabilities. It’s good news to know that six Russian companies have been included in the rating in comparison with only four in the previous year: Auriga, DataArt, EPAM Systems, IBA, Luxoft, and Mera. The results of the rating speak for themselves: the most rapidly growing segment of IT services in Russia is IT outsourcing. As Maxim Troitsky, director of special solution and service sales department at ISG, says “…those engaged in retail sales, finance sector arrangement, and sev Read more:Global
, Russians
Recommend Site To A Friend
