It was English historian Edward Gibbon stated that all that is human must retrograde. As the end of the first quarter draw near, it is noticeable that business expansion among outsourcing companies have become more marked and is in various different parts of the world. The companies are expanding their global presence in anticipation of more business in various fields such as legal process outsourcing. IT is encouraging that the anticipating of the influx of the business for the outsourcing industry has been steadily rising since the start of 2010. It would seem that despite the effects of the recession having barely begun to wane, outsourcing companies are still expecting a better outlook. In the US, IT consulting and outsourcing company, ENTAP Inc. announced that its expansion into the Washington DC market. The company opened a new facility which will cater to federal government agencies and prime contractors. The government outsourcing contracts have become a big trend now.
The business proce3ss outsourcing company Knoah Solutions also announced the opening of a new contact center in Las Vegas, Nevada in order to meet the growing demand for the contact center outsourcing services. It is certainly a good news for the US as it tries to maintain the steady recovery of its economy and increase employment opportunities. The Indian IT outsourcing provider, the Patni Computer System opened a new Information Technology delivery center in Queretaro. The new facility is slated to be the company’s hub for its expansion efforts in the Latin America markets. From India, it is also eyeing that the Latin America market through Queretaro has an expansion into a Latin America as well as Africa for a new and non commercial markets in order to expand their businesses. The two companies were featured for their planned expansion expansion into the region.
The Stream Global Services announced that the opening of their new service center in Cairo, Egypt, this is to follow an agreement by Stream with Egypts government to employ and train more than 1,000 Egyptian employees over the next three years. The tech Mahindra is also planning to expand into Africa as well as the Middle East in anticipation of a surge in contracts for the data analytics and other services.
The legal process outsourcing companies including the Integreon are also planning to pursue expansion into Africa as well as the Philippines and China. In Asia and Europe, the business process outsourcing provider, Startek announced that they are expanding their company into the Philippines with a second facility while the Indian Business Process Outsourcing company, the Genpact will be expanding into the Romania with the establishment of a facility in Cluj-Napoca.
REFERENCE:
http://www.blog.infinit-o.com/economic-recovery-global-expansion-outsourcing/
