Monday, August 22, 2005

Outsourcing News: Weekly WrapUp

NORTEL IN KOREAN JOINT VENTURE...LG Electronics and Nortel will form a joint venture to offer telecom and networking solutions in the wireline, optical, wireless and enterprise areas for South Korean and global customers.
FISERV COMPLETES ACQUISITION...Fiserv, Inc. has completed its previously announced acquisition of BillMatrix Corp., a provider of expedited electronic bill payment services that provides billers with an outsourced payment solution that allows their customers to get immediate credit for bills paid online or over the phone using electronic checks, debit cards or credit cards.
CASH INFUSION FOR CONTENT OUTSOURCING FIRM...American Capital Strategies Ltd. has invested $45 million in the recapitalization of TechBooks Inc., a leading electronic content outsourcing firm.
CLIENTLOGIC GROWS IN LATIN AMERICA...ClientLogic has increased its presence in Latin America with the addition of a new customer care site in Panama and the expansion of an existing site in Mexico.
PRSWEB REPORTS...PFSweb, Inc. announced net revenue in the second quarter totaled $84.9 million compared to $80.0 million in the same period last year, an increase of 6%. Net loss for the quarter was $546,000, or $0.02 per basic and diluted share, compared to net income of $479,000, or $0.02 per basic and diluted share, in the second quarter of 2004.
INDIA IS FOR REAL, KATZENBACK SAYS...New research by consulting firm Katzenbach Partners LLC suggests that a set of India-based information technology and outsourcing companies could ultimately lead on a global basis, potentially unseating such giants as EDS, Computer Sciences Corp., Capgemini, Unisys, Perot Systems, Accenture and BearingPoint.
OUTSOURCING MARKETING OPPORTUNITY..."Best Practices for Managing Outsourcing Relationships," the next Forbes/Outsourcing Center special text/advertising report, will appear in the November 28 issue of Forbes, which reaches 4.5 million decisionmakers. Participating advertisers get an additional free text page to tell their customer success story. For a prospectus and special rates available only to Outsourcing Alert readers, contact Jerry Bowles.

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