TPI, an Information Services Group company and the leading independent sourcing data and advisory firm in the world, today released data showing that an acquisition-driven mega-deal lifted the outsourcing market to a record level in Europe, the Middle East and Africa (EMEA) during the third quarter of 2011.

The 3Q11 EMEA TPI Index, which measures contracts valued at €20 million or more, tallied €12.1 billion in total contract value (TCV), an increase of 99 percent year-on-year, and 47 percent sequentially, the region’s best third quarter ever. Excluding the €5.8 billion contract awarded by Siemens to Atos as a part of its acquisition of Siemens Information Services, the region’s TCV rose 4 percent over the third quarter of 2010 but fell 6 percent from the second quarter of 2011.

“The Atos-Siemens mega-deal made a major impact on outsourcing results in both the European and global markets in the third quarter," said Duncan Aitchison, Partner & President, EMEA, TPI. “However, even without that contract, this region market turned in solid results and a very steady performance.”