|
neoIT lines up $1bn IT, ITES biz
PRACHI VERMA / New Delhi
neoIT, a global consultancy firm for IT
outsourcing and offshore activities, is closely working with major
Fortune 1000 companies to outsource $1 billion worth of IT and IT-enabled
services (ITES) work to India.
“In the coming eight months, we will
bring to India 8-10 deals in the areas of IT and business process
outsourcing (BPO) to India,” said neoIT senior vice president
Cliff Justice.
neoIT has helped 40 companies outsource
their IT and ITES requirements to India through companies like HCL
Technologies, Hexaware, Ernst & Young, Syntel, Tata Consultancy
Services, Wipro, etc.
“We started our operations in India
in 1999 as a team of consultants and since then have brought in
deals worth $500 million,” he said.
Fortune 1000 companies are looking at outsourcing
their application development and maintenance work. Most of these
companies are in financial services, manufacturing and gas/energy.
“After the Iraq war, the demand for
outsourcing IT requirements by various companies is on a steep rise.
This can be attributed to the companies’ strategy to cut down
costs,” Justice said.
neoIT enables buyers to reduce costs significantly,
while decreasing risk and increasing value received from strategic
and offshore supplier relationships, he said.
neoIT’s clients include Fortune 100
majors like HCA (healthcare company), Exult, Carreker (financial
services), Lucent Technologies, Chevron, AMP, AXA, Networth Services,
Agilent, etc.
neoIT, in association with its global sourcing
advisory partner TPI, is also planning to capitalise on the increased
interest in business process outsourcing (BPO).
Business process outsourcing is likely
to account for 50 percent of the total deals (almost $500 million)
of the total work outsourced to India, he said.
“We basically help companies place
their resources in the right manner and at the right time. We help
our clients look for the right suppliers (outsourcing partners)
based on low-cost and high-productivity conditions,” he said.
|
