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July 06, 2006

Top Stories

ING SIGNS $1 BILLION OUTSOURCING DEAL...The Dutch financial institution ING and a group of outsourcing providers have agreed to a $1 billion, five-year deal covering workplace services for ING's banking and insurance operations in the Netherlands and Belgium. Accenture, Atos Origin, Getronics and KPN will provide installation, maintenance and support for desktops, laptops, printers and telephones, according to an ING statement. ING Group, based in Amsterdam, provides banking, insurance and asset management in over 50 countries.

ACCENTURE REPORTS STRONG THIRD QUARTER...Accenture reported strong financial results for the third quarter of fiscal 2006, ended May 31, with net revenues of $4.41 billion, an increase of 11 percent in local currency over the same period last year, and GAAP diluted earnings per share of $0.56, which include a $0.06 benefit from a $58 million reduction in reorganization liabilities. EPS increased 10 percent on a GAAP basis and 32 percent on an adjusted basis over the third quarter last year.

WNS HOLDINGS FILES FOR IPO...Indian outsourcing firm WNS Holdings intends to raise about $74 million through an initial public offering, according to a filing made with the Securities and Exchange Commission.

ACCENTURE OPENS DELIVERY CENTER IN BUCHAREST...Accenture has opened a new delivery center in Bucharest that will provide business process outsourcing (BPO) services in finance and accounting, human resources and procurement. The Bucharest center will complement Accenture's existing global delivery network of more than 40 delivery centers in more than 20 countries.

FREEBORDERS EXPANDS CHINA FACILITY...Freeborders, a leading technology outsourcing provider from China, has announced plans to quadruple the size of its Shenzhen facility to accommodate 2,000 workers in response to increased demand for outsourced software projects from retail, manufacturing and financial services institutions. This follows the completed expansion of the company's Shenzhen facility in January 2006, which grew the office site to 52,000 square feet.

PLAN NOW F0R THE SECOND 2006 FORBES/OUTSOURCING CENTER SPECIAL REPORT...The second 2006 Forbes/Outsourcing Center special text/advertising report focused on best practices in managing outsourcing relationships will appear in the November 27 issue of Forbes magazine with an advertising close date of September 11. 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. You can view the first 2006 report in pdf format online here. For more information and special rates for Outsourcing Alert subscribers, contact Jerry Bowles.

Posted by jbowles at July 6, 2006 07:26 PM