Outsourcing is subcontracting a process, such as product design or manufacturing, to a third-party company. The decision to outsource is often made in the interest of lowering firm costs, redirecting or conserving energy directed at the competencies of a particular business, or to make more efficient use of labor, capital, technology and resources. Outsourcing became part of the business lexicon during the 1980s.
Vertically integrated corporations are unbundling their focus on companies that work within networks of business webs. This is called outsourcing, but it is actually much bigger than that. There's a huge change in the way companies create capabilities in the global economy.Don Tapscott in Towards A Wiki World
Helion will continue its focus on technology-powered businesses even as we expand our focus into consumer services. Factors like the rapid increase in mobile and Internet penetration in India are further paving the way for innovative technology products and services that to cater to the domestic market. In addition, domain-focused outsourcing and technology products continue to be focus sectors.Ashish Gupta in Helion Venture closes second fund of $210mn
Cognizant has delivered on its commitment to provide Kimberly-Clark with a suite of global IT services and has high standards of customer satisfaction and demonstrated capabilities in driving transformational outsourcing programs.In Cognizant Open New Global Delivery Center in Buenos Aires
