« New Business | Main | Advertising Information »
October 20, 2005
Top Stories
OUTSOURCING CONTRACT VALUES DOWN...The TPI Index, a quarterly report on the state of the global outsourcing industry for financial analysts, media and sourcing industry participants, says third-quarter results indicate an expected decrease of 10 to 15 percent in total dollar value for outsourcing contracts awarded in 2005, to US$60 to $65 billion from an average of US$72 billion awarded in recent years. To date, the year's total contract value (TCV) is US$43.8 billion for transactions signed in the Americas (US$21.3B), Europe (US$20.3B) and Asia (US$2.2B), compared to a global total of US$52 billion this time a year ago.
IT ORGANIZATIONS IN PERIOD OF CHANGE...IT organizations are in a period of radical change. By 2011 at least 75 percent of IT organizations will change their role, at least 10 percent will be disbanded and 10 percent more will be relegated to commodity status, according to Gartner Inc.
NEW CEO AT NORTEL...Nortel Networks Corporation appointed Mike S. Zafirovski as president and chief executive officer (CEO). Zafirovski will succeed Bill Owens as president and CEO on November 15th, 2005.
Posted by jbowles at October 20, 2005 09:33 PM
