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E-Plus Group and Atos Origin extend IT outsourcing contract

E-Plus Group has extended its IT outsourcing agreement with Atos Origin for a further five years.

Private equity buys majority stake in ITO arm of India's CMS

Blackstone, a large US private equity firm, has acquired a majority stake in the IT outsourcing arm of India's CMS Computers.

Virgin Atlantic selects EDS for airline reservation system

Virgin Atlantic Airways has signed a new five-year IT services agreement with EDS.

HSBC to cut 500 UK roles

Banking giant HSBC is axing around 500 UK jobs - including IT positions - following a review of the "current economic conditions".

Zuger Kantonalbank renews IT services contract with CSC for $33m

Swiss bank, Zuger Kantonalbank, has extended its IT services contract with CSC for another seven years.

Marconi signs £450m ITO deal with CSC

CSC has signed a £450 million ITO agreement with Marconi Corporation.

Akbank takes on Patni for CRM solution

Patni Computer Systems has won a contract with Akbank, Turkey’s leading bank, to implement a new CRM system.

Financial services outsourcing slowdown will regain momentum in early 2009

Outsourcing financial services could regain momentum in early 2009, according to a report from the Everest Research Institute.

Guthy-Renker extends BPO agreement with EDS

Guthy-Renker, a US-based direct response marketer, has extended its BPO contract with EDS for US$531 million.

Capgemini buys in Czech Republic

Capgemini has moved to purchase Empire and its subsidiary Sophia Solutions, local outsourcing companies in the Czech Republic.

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The Global Sourcing Association
The Home of the Global Sourcing Standard