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June 13, 2007
Top Stories
EVEREST RESEARCH: FAOs MUST INNOVATE TO SURVIVE...To stave off competition in today’s dynamic marketplace and capitalize on promising growth opportunities, Finance & Accounting Outsourcing (FAO) suppliers must differentiate themselves by investing in technology, focusing on vertical industries, and adapting business strategies to provide complex end-to-end Finance and Accounting (F&A) processes, according to a new, in-depth study from the Everest Research Institute. The multi-process FAO market has more than doubled since the beginning of 2005 and is now nearly a USD 2 billion market growing at over 25 percent annually. For additional information and an extract of the Global FAO Supplier Landscape study, please visit www.outsourcing-center.com. You may also call 214-451-3110 to schedule a personal briefing appointment.
CSC-LED ALLIANCE GETS $528 MILLION OPTION EXTENSION FROM NSA...Computer Sciences Corporation announced that the Eagle Alliance, a CSC-led joint venture, has received notification from the National Security Agency (NSA) of its intent to exercise the three-year option on the Groundbreaker contract. This option, with an expected value of $528 million, was included in the originally announced award value of Groundbreaker in July 2001. The option will extend Eagle Alliance's performance on the program through September 30, 2011.
KENEXA ACQUIRES RPO PIONEER STRAIGHTSOURCE...Kenexa has acquired Dallas-based StraightSource. For more than 10 years, StraightSource has been providing recruitment process outsourcing (RPO) services to leading Fortune 500 companies. StraightSource offers both comprehensive and modular recruitment solutions through every aspect of the recruitment process. Financial details of the transaction were not disclosed.
SAVVION EXPANDS IN INDIA...To meet the growing demand for business process management, Savvion has opened a second office in Mumbai, and brought on board a former SAP sales leader to help guide the expansion and manage India’s BPM market demand. Savvion is a global BPM leader, with premier customers and partners such as Genpact, Infosys, Intelenet Global Services, Integra Screen, Patni, Tata Consulting Services, Satyam, and Wipro in India.
SECURITY EXPERT JOINS PEROT SYSTEMS...Donna A. Bucella, former director for the United States Terrorist Screening Center (TSC), has joined Perot Systems Corporation to lead the development and implementation of the company's homeland security sector strategy.
Posted by jbowles at June 13, 2007 05:25 PM