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March 16, 2006

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UNISYS LAUNCHES CHINA CENTER...Unisys Corporation announced expansion of its China operations with the launch of a new global sourcing services and technology center in Shanghai. Over the next three years, the company expects to expand global sourcing operations in China beyond Shanghai and employ approximately 1,000 people.

SITEL REPORTS IMPROVED FINANCIAL RESULTS...SITEL Corporation announced preliminary financial results for the fourth quarter and year ended December 31, 2005. Quarterly income was $2.2 million, or 3 cents per share, compared with a loss of $32.5 million, or 44 cents, last year. Setting aside restructuring and impairment charges, its latest earnings were $6.9 million, or 9 cents per share. Revenue gained 20 percent to reach $290.8 million in the fourth quarter. North American business was up 31 percent to $155.9 million, while revenue was up 4 percent in Europe and 9 percent in Singapore, Australia and New Zealand. For the year, Sitel reported a profit of $5 million, or 7 cents per share, from a loss of $27.7 million, or 38 cents, in 2004. Annual revenue climbed 9 percent to $1.04 billion.

MELLON OPENS SAN FRANCISCO OFFICE...Mellon Global Professional Services (GPS) has opened an office in San Francisco as a result of a growing customer base on the West Coast. Located at 525 Market St., the office is headed by Ashish Kapur, a Mellon veteran experienced in helping clients achieve world-class business performance and maximize returns on technology investments. GPS currently has offices in Pittsburgh, Hartford, Boston, Toronto, London and India.

MERGER CREATES CHINA CONNECTION...Darwin Partners Inc., a provider of a range of IT services to Fortune 1000 companies has announced plans to merge with Suzsoft Co., Ltd., a China-based provider of outsourced application development, quality assurance, and localization services. The merger creates a 750-employee information technology firm with offices on both coasts and an outsourced software development facility in China.

TPI/EQUATERRA MARRIAGE OFF...TPI and EquaTerra announced that their merger agreement, signed in February 2006, has been terminated by mutual consent of the parties.

LAST CHANCE! FIRST FORBES/OUTSOURCING CENTER 2006 SPECIAL REPORT CLOSES MARCH 21...The first 2006 Forbes and Outsourcing Center special text/advertising report focused on best practices in managing outsourcing relationships--which will appear in the June 5 issue--closes for advertising reservations next week. (Ad materials are due three weeks later.) Participating advertisers receive a text profile or customer case study that will appear in the pages of Forbes magazine, which is read by some 5 million business decisionmakers. A second report will appear in the November 27 issue with an ad close date of September 11. For more information and special rates for Outsourcing Alert subscribers, contact Jerry Bowles.

Posted by jbowles at March 16, 2006 02:46 PM