Source:www.theaustralian.news.com.au
The changes mean news editing and layout operations at the nation's biggest daily, The New Zealand Herald, and a string of regional dailies will be done by an outside contractor, he said.
Mr Neville, who has led the editorial production re-engineering project for APN, said he was confident readers would not notice the difference in the papers' editing and design.
He said although there was a lot of international interest in the project, "people will be sitting and making sure we can make it work first".
"I've got no doubt about it being a success," he said.
APN is half-owned by Dublin's Independent News & Media PLC, which publishes 175 newspapers and magazines around the world and operates radio stations and outdoor advertising sites in Australia and New Zealand.
IN&M is owned by Irish businessman Tony O'Reilly, whose Irish newspapers are taking up the same editorial outsourcing strategy.
Mr Neville said 20 full-time sub-editors would work at contractor Pagemasters New Zealand "operating on an extension of APN's Cyber computer editorial production system" at a site 20 minutes from the editorial offices.
Pagemasters is a subsidiary of Australian Associated Press.
After six weeks, when all Herald editing and make-up had been transferred to Pagemasters, "we move to the Aucklander weekly ... the Herald on Sunday ... and in October we will start transferring to regional papers," Mr Neville said.
Monday, August 13, 2007
Wipro and Nortel win Outsourcing Excellence Award
Source:www.prdomain.com
Wipro Technologies, the global IT services arm of Wipro Limited [NYSE:WIT], and Nortel* [NYSE/TSX: NT], a global leader in communications capabilities, have won the “Best Offshore award" in the distinguished 2007 Outsourcing Excellence Awards for its 16 year old relationship.
A pioneer of offshore development in India, Nortel opened India’s first offshore telecom R&D development centre with Wipro in 1991. Wipro currently provides end-to-end design, system integration, consulting, software release management and support for Nortel's carrier and enterprise product lines.
“Receiving this award is an honor for both Nortel and Wipro" said Ravi Chauhan, Managing Director, Nortel, India. "The award recognizes our abilities to work in a complex and competitive environment that expects high value performance on an ongoing basis. Together we have established a winning offshore relationship and a global award such as this goes to prove that we have been successful in creating a benchmark for this industry."
"This joint award highlights the strong collaboration that Wipro and Nortel have enjoyed over the past 16 years,” said Jeff Townley, Chief Procurement Officer, Nortel. “Wipro’s robust processes, extensive knowledge, R&D expertise and product engineering skills have helped Nortel to develop and deliver advanced telecommunications solutions. “Nortel was a pioneer in developing offshore relationships and this partnership has helped Wipro evolve as an integrated service provider and an acknowledged leader in the telecom and product engineering services space” added Jeff Townley
Ramesh Emani, President, Wipro Technologies said, "The Wipro - Nortel partnership is truly unique. Nortel is a pioneer in developing the capabilities of Indian companies in the telecom engineering space. Today we have built a 360-degree engagement model ranging from high-end research and product development to product sustenance, back office services, system integration and services. This award is a tribute to 16 years of partnership in achieving notable business outcomes on a global scale".
The Outsourcing Excellence Awards recognize the world’s most superior outsourcing arrangements, which demonstrate best practices in creating and sustaining competitive advantage and business transformation and achieve value and mutual benefit that increase over time for the client and service provider by Everest Group.
The prestigious award was presented at the 2007 Outsourcing Excellence Awards ceremony, which held in New York on 8th August 2007.
*Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks
Wipro Technologies, the global IT services arm of Wipro Limited [NYSE:WIT], and Nortel* [NYSE/TSX: NT], a global leader in communications capabilities, have won the “Best Offshore award" in the distinguished 2007 Outsourcing Excellence Awards for its 16 year old relationship.
A pioneer of offshore development in India, Nortel opened India’s first offshore telecom R&D development centre with Wipro in 1991. Wipro currently provides end-to-end design, system integration, consulting, software release management and support for Nortel's carrier and enterprise product lines.
“Receiving this award is an honor for both Nortel and Wipro" said Ravi Chauhan, Managing Director, Nortel, India. "The award recognizes our abilities to work in a complex and competitive environment that expects high value performance on an ongoing basis. Together we have established a winning offshore relationship and a global award such as this goes to prove that we have been successful in creating a benchmark for this industry."
"This joint award highlights the strong collaboration that Wipro and Nortel have enjoyed over the past 16 years,” said Jeff Townley, Chief Procurement Officer, Nortel. “Wipro’s robust processes, extensive knowledge, R&D expertise and product engineering skills have helped Nortel to develop and deliver advanced telecommunications solutions. “Nortel was a pioneer in developing offshore relationships and this partnership has helped Wipro evolve as an integrated service provider and an acknowledged leader in the telecom and product engineering services space” added Jeff Townley
Ramesh Emani, President, Wipro Technologies said, "The Wipro - Nortel partnership is truly unique. Nortel is a pioneer in developing the capabilities of Indian companies in the telecom engineering space. Today we have built a 360-degree engagement model ranging from high-end research and product development to product sustenance, back office services, system integration and services. This award is a tribute to 16 years of partnership in achieving notable business outcomes on a global scale".
The Outsourcing Excellence Awards recognize the world’s most superior outsourcing arrangements, which demonstrate best practices in creating and sustaining competitive advantage and business transformation and achieve value and mutual benefit that increase over time for the client and service provider by Everest Group.
The prestigious award was presented at the 2007 Outsourcing Excellence Awards ceremony, which held in New York on 8th August 2007.
*Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks
Saturday, August 11, 2007
Where the Offshore Outsourcers Offshore Outsource
Source: news.thomasnet.com
India has long been the offshore outsourcing hot spot for companies around the world to send parts of their business to cut costs. But where do India's outsourcers outsource?
In the first half of 2007, India outpaced Australia and Japan as the largest market for outsourcing contracts in the Asia Pacific region by awarding a total of $1.68 billion worth of contracts, according to Business Standard. This accounted for 30 percent of the total contracts awarded in the region.
And Indian information technology outsourcing companies are taking advantage of a stronger rupee to launch a record number of cross-border acquisitions this year, The Financial Times reports: “The industry has announced overseas deals worth a total of $1.43 billion in the year to date, nearly double the total for last year, according to figures from Dealogic, the data company.”
“We see this is a one-time phenomenon as this strong growth of India as an outsourcing market may not last long,” Siddharth Pai, partner and managing director at sourcing advisory firm TPI India, told Business Standard.
Yet working on Western contracts in India isn’t enough anymore for Indian outsourcers, Forbes noted not too long ago:
Now, after profiting for years from the outsourcing boom that brought riches to their doorstep from the developed world, they are sending work to locations across the globe in search of specialized skills and new markets.
So where do India’s outsourcers outsource?
China, the Philippines, Malaysia, Vietnam, Brazil, Romania and Morocco — you name it. And Indian information technology majors have already set up base there or bought controlling stakes in local companies.
India’s largest software services company, Tata Consultancy Services (TCS), announced earlier this year that it was adding 250 employees in Uruguay to service 40 clients in the U.S. and Caribbean markets. TCS recently reported a 55 percent increase in earnings to $291 million on a 42 percent increase in sales to $1.3 billion for its first fiscal quarter ended June 30 compared with the similar quarter one year ago.
India’s third-largest IT company is expanding in Curitiba, Brazil, and sites in Finland and China.
As with other Indian offshore firms, India’s second biggest outsourcer is diversifying its development locations by opening facilities worldwide, including offices in China, Vietnam, the Philippines, eastern Europe and Latin America. In January, the Indian outsourcing giant announced plans to expand its operations in the United Kingdom, creating 500 new jobs in the process. And in February, Wipro said it plans to set up a 250-seat call center in Bucharest, Romania.
Last month, reports came that Wipro was “in the advanced stages of finalizing a plan to build a software center in Atlanta, Georgia; the facility, the first of four centers planned for the U.S., is expected to accommodate up to 1,000 employees over the next three years, according to ComputerWorld.
This week it announced its plans to take over its U.S.-based peer Infocrossing for $600 million — the largest overseas acquisition by an IT firm from the subcontinent.
The acquisition is the latest in a wave of foreign merger-and-acquisition deals by Indian companies “aiming to penetrate new markets and access latest technology by buying foreign firms,” Reuters reports, pointing to Wipro’s larger rival, Infosys Technologies, which last month signed a $250 million outsourcing contract with Royal Philips Electronics and bought three of the Dutch firm’s back-office centers to extend its presence in Europe.
India has long been the offshore outsourcing hot spot for companies around the world to send parts of their business to cut costs. But where do India's outsourcers outsource?
In the first half of 2007, India outpaced Australia and Japan as the largest market for outsourcing contracts in the Asia Pacific region by awarding a total of $1.68 billion worth of contracts, according to Business Standard. This accounted for 30 percent of the total contracts awarded in the region.
And Indian information technology outsourcing companies are taking advantage of a stronger rupee to launch a record number of cross-border acquisitions this year, The Financial Times reports: “The industry has announced overseas deals worth a total of $1.43 billion in the year to date, nearly double the total for last year, according to figures from Dealogic, the data company.”
“We see this is a one-time phenomenon as this strong growth of India as an outsourcing market may not last long,” Siddharth Pai, partner and managing director at sourcing advisory firm TPI India, told Business Standard.
Yet working on Western contracts in India isn’t enough anymore for Indian outsourcers, Forbes noted not too long ago:
Now, after profiting for years from the outsourcing boom that brought riches to their doorstep from the developed world, they are sending work to locations across the globe in search of specialized skills and new markets.
So where do India’s outsourcers outsource?
China, the Philippines, Malaysia, Vietnam, Brazil, Romania and Morocco — you name it. And Indian information technology majors have already set up base there or bought controlling stakes in local companies.
India’s largest software services company, Tata Consultancy Services (TCS), announced earlier this year that it was adding 250 employees in Uruguay to service 40 clients in the U.S. and Caribbean markets. TCS recently reported a 55 percent increase in earnings to $291 million on a 42 percent increase in sales to $1.3 billion for its first fiscal quarter ended June 30 compared with the similar quarter one year ago.
India’s third-largest IT company is expanding in Curitiba, Brazil, and sites in Finland and China.
As with other Indian offshore firms, India’s second biggest outsourcer is diversifying its development locations by opening facilities worldwide, including offices in China, Vietnam, the Philippines, eastern Europe and Latin America. In January, the Indian outsourcing giant announced plans to expand its operations in the United Kingdom, creating 500 new jobs in the process. And in February, Wipro said it plans to set up a 250-seat call center in Bucharest, Romania.
Last month, reports came that Wipro was “in the advanced stages of finalizing a plan to build a software center in Atlanta, Georgia; the facility, the first of four centers planned for the U.S., is expected to accommodate up to 1,000 employees over the next three years, according to ComputerWorld.
This week it announced its plans to take over its U.S.-based peer Infocrossing for $600 million — the largest overseas acquisition by an IT firm from the subcontinent.
The acquisition is the latest in a wave of foreign merger-and-acquisition deals by Indian companies “aiming to penetrate new markets and access latest technology by buying foreign firms,” Reuters reports, pointing to Wipro’s larger rival, Infosys Technologies, which last month signed a $250 million outsourcing contract with Royal Philips Electronics and bought three of the Dutch firm’s back-office centers to extend its presence in Europe.
Outsourcing becomes critical to competitive advantage
Source: www.financeasia.com
Nearly every international bank is doing some back office work in India these days. We find out why and ask the banks to quantify the benefits.
“Success begets success,” says Dominic Price, senior country officer, India and Sri Lanka for JPMorgan, explaining the philosophy behind his firm’s India outsourcing experiment. “Each group that took the initial bold steps was rewarded, which led to more complex functions being moved.” JPMorgan was probably one of the first to realise the potential in India and started sending work to the country in 2001.
“Our initial goal was 500 offshoring staff in India focused on simple tasks,” says Price. “We now have around 8,000 staff.” The US bank has functions like derivatives operations, security settlements, research and analysis and CFO support done in India.
“Within some industries the realisation is setting in that the opportunity is strategic,” says Noshir Kaka, global leader of the outsourcing practice for McKinsey in Mumbai. “For example in financial services, no mid- or large-sized bank can ignore the trend because the combination of technology and offshoring has become fundamental to competitive advantage.”
nvestment banks seem to be listening. Everyone FinanceAsia spoke to for a recent article on the topic had either set up an India base or is exploring how to do so. The models span the gamut from captive units to hybrid to third party. And banks are hiring or assigning their best and brightest to head this effort.
“The biggest change in the last six years is the legitimising of the industry,” says one supervisory-level IRO employee. “The roadblocks which were earlier put up – compliance issues which were cited and a general ‘cannot do’ attitude – have been removed and now investment banks who are not tapping into India feel left out.”
Citi has grown in three years from 75 people to currently 400 in Mumbai supporting its markets and banking businesses worldwide. The team, all Citi employees, is involved in research, analysis for investment banking, corporate banking, capital markets, credit risk and internal reporting and presentation support.
“Effectively offshoring involves both a great deal of judgement and also changing the existing model of how people function,” explains Credit Suisse’s Nagrani.
Nearly every international bank is doing some back office work in India these days. We find out why and ask the banks to quantify the benefits.
“Success begets success,” says Dominic Price, senior country officer, India and Sri Lanka for JPMorgan, explaining the philosophy behind his firm’s India outsourcing experiment. “Each group that took the initial bold steps was rewarded, which led to more complex functions being moved.” JPMorgan was probably one of the first to realise the potential in India and started sending work to the country in 2001.
“Our initial goal was 500 offshoring staff in India focused on simple tasks,” says Price. “We now have around 8,000 staff.” The US bank has functions like derivatives operations, security settlements, research and analysis and CFO support done in India.
“Within some industries the realisation is setting in that the opportunity is strategic,” says Noshir Kaka, global leader of the outsourcing practice for McKinsey in Mumbai. “For example in financial services, no mid- or large-sized bank can ignore the trend because the combination of technology and offshoring has become fundamental to competitive advantage.”
nvestment banks seem to be listening. Everyone FinanceAsia spoke to for a recent article on the topic had either set up an India base or is exploring how to do so. The models span the gamut from captive units to hybrid to third party. And banks are hiring or assigning their best and brightest to head this effort.
“The biggest change in the last six years is the legitimising of the industry,” says one supervisory-level IRO employee. “The roadblocks which were earlier put up – compliance issues which were cited and a general ‘cannot do’ attitude – have been removed and now investment banks who are not tapping into India feel left out.”
Citi has grown in three years from 75 people to currently 400 in Mumbai supporting its markets and banking businesses worldwide. The team, all Citi employees, is involved in research, analysis for investment banking, corporate banking, capital markets, credit risk and internal reporting and presentation support.
“Effectively offshoring involves both a great deal of judgement and also changing the existing model of how people function,” explains Credit Suisse’s Nagrani.
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