August 2009
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Nasscom, Philippine counterpart to sign MoU
The Business Process Outsourcing (BPO) sectors of India and the Philippines are joining hands to combat protectionism from European Union nations and the US, and to increase cooperation between both nations which traditionally have been competitors as 'low-cost' outsourcing destinations.
Slowdown halves IT/BPO mergers in 2009
In 2009, it seems that IT and BPO companies have stayed away from blockbuster merger and acquisition (M&A) deals. According to the data tracked by Grant Thornton, an accounting and consulting firm; against the total deals value of $1.3 billion in January-July 2008, the M&A space grossed only $616 million this year.
HP could prune outsourcing services: Sources
Hewlett-Packard Co is considering selling or shutting parts of its outsourcing business to focus on the higher-margin areas of its technology services offering, people familiar with the matter said. A year after buying Electronic Data Systems for $13 billion, HP executives are discussing the possibility of divesting parts of the outsourcing operations, especially in its business process outsourcing (BPO) arm, sources told Reuters.
RR Donnelley Expands European Service Capabilities with New Facility in Debrecen, Hungary
R.R. Donnelley & Sons Company (NASDAQ: RRD - News) announced today that it has expanded its European service capabilities with the opening of a new facility in Debrecen, in Eastern Hungary. This new facility will enhance RRD's ability to work collaboratively with customers as it provides integrated communications products and services, said John Paloian, RR Donnelley's Chief Operating Officer.
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