Wednesday, July 25, 2007
European Pharma Industry in Good Shape but Acquisitions Pose Risk - S&P
BlogOut provides regular, global outsourcing updates. See BlogOut Directory for the complete list of categories
See also outsourcing updates for related categories: Medicine & Healthcare, Europe
European Pharma Industry in Good Shape but Acquisitions Pose Risk - S&P
20 Jul 2007
MUMBAI (Thomson Financial) - Most main European pharmaceutical companies are in good shape, but acquisitions continue to be the most important reason for a potential deterioration of a company's credit quality, S&P's Ratings Services said.
For example, S&P's placement of AstraZeneca PLC's ratings on negative watch was caused by the company's debt-financed acquisition of MedImmune.
In a report, the agency noted that first-quarter revenue growth of these companies continued to beat underlying global market growth, estimated at 6-7 pct.
Read the full report from here @ Forbes
Click on the labels below for more posts on those categories
See also outsourcing updates for related categories: Medicine & Healthcare, Europe
European Pharma Industry in Good Shape but Acquisitions Pose Risk - S&P
20 Jul 2007
MUMBAI (Thomson Financial) - Most main European pharmaceutical companies are in good shape, but acquisitions continue to be the most important reason for a potential deterioration of a company's credit quality, S&P's Ratings Services said.
For example, S&P's placement of AstraZeneca PLC's ratings on negative watch was caused by the company's debt-financed acquisition of MedImmune.
In a report, the agency noted that first-quarter revenue growth of these companies continued to beat underlying global market growth, estimated at 6-7 pct.
Read the full report from here @ Forbes
Click on the labels below for more posts on those categories
Labels: acquisitions-pharma, competitive-advantage, europe, pharma-europe
PermaLink - European Pharma Industry in Good Shape but Acquisitions Pose Risk - S&P posted by Ecacofonix : 8:10 AM
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Sunday, April 8, 2007
ScienceSoft Becomes Outsourcing Partner of TietoEnator
BlogOut provides regular, global outsourcing updates. See BlogOut Directory for the complete list of categories
See also the following for related categories: Europe, Computers & Software, Finland
ScienceSoft Became Outsourcing Partner of TietoEnator
Press release
The outsourcing agreement with TietoEnator makes a good start to a successful cooperation and will bring ScienceSoft to a new level of services offered.
Helsinki, Finland, April 07, 2007 -- On the 14th of March, 2007 at ScienceSoft’s office in Minsk an outsourcing agreement between ScienceSoft and TietoEnator was signed. TietoEnator is one of the largest IT services providers in Europe with about 16 000 experts. Establishing partnership with Eastern European software development services provider, such as ScienceSoft, is one of the steps in realization of TietoEnator’s development strategy toward cost-effective solutions and provision of high-quality services to its customers.
After a 20-months process of candidates’ review and negotiations, ScienceSoft was chosen as TietoEnator's partner in Belarus. ScienceSoft met all requirements as an outsourcing software development center for realization of TietoEnator’s projects.
The Parties were represented by Mr. Nikolay Kurayev, ScienceSoft’s Managing Director, and Mr. Juhani Lano, Senior Executive Advisor of TietoEnator. They expressed their hope and willingness for a long and mutually beneficial cooperation. Mr. Juhani Lano indicated two main business areas of ScienceSoft and TietoEnator’s cooperation: Banking and Insurance, Telecom and Media. These areas are both challenging and highly demanded in the world market.
Mr. Kurayev congratulated ScienceSoft’s personnel on the company’s achievement. He stressed that the company’s success became real thanks to ScienceSoft team’s dedicated work and professionalism.
Currently ScienceSoft expands its staff of highly qualified professionals, particularly of experienced Java developers, to work at European projects of TietoEnator. Detailed requirements towards such candidates can be found at Careers page of ScienceSoft's website.
The outsourcing agreement with TietoEnator makes a good start to a successful cooperation and will bring ScienceSoft to a new level of services offered.
###
TietoEnator is one of the largest IT services providers in Europe, providing consulting, development and hosting services to its customers’ digital businesses. TietoEnator focuses on areas where they have the deepest industry expertise: banking, telecom, healthcare and forest. In these areas, TietoEnator works hand in hand with many of the world’s leading companies and organizations and now active in more than 25 countries.
ScienceSoft has been in the market of offshore software development since 1989, being one of the most mature companies of Eastern Europe. The company specializes in offshore software development, doing software development projects for middle and big companies across the world. If you need more information, you are welcome to contact them.
Contact Information
ScienceSoft Inc.
Tatiana Romanovich
+375 17 293 37 36
http://www.scnsoft.com
Click on the labels below for posts on the categories.
See also the following for related categories: Europe, Computers & Software, Finland
ScienceSoft Became Outsourcing Partner of TietoEnator
Press release
The outsourcing agreement with TietoEnator makes a good start to a successful cooperation and will bring ScienceSoft to a new level of services offered.
Helsinki, Finland, April 07, 2007 -- On the 14th of March, 2007 at ScienceSoft’s office in Minsk an outsourcing agreement between ScienceSoft and TietoEnator was signed. TietoEnator is one of the largest IT services providers in Europe with about 16 000 experts. Establishing partnership with Eastern European software development services provider, such as ScienceSoft, is one of the steps in realization of TietoEnator’s development strategy toward cost-effective solutions and provision of high-quality services to its customers.
After a 20-months process of candidates’ review and negotiations, ScienceSoft was chosen as TietoEnator's partner in Belarus. ScienceSoft met all requirements as an outsourcing software development center for realization of TietoEnator’s projects.
The Parties were represented by Mr. Nikolay Kurayev, ScienceSoft’s Managing Director, and Mr. Juhani Lano, Senior Executive Advisor of TietoEnator. They expressed their hope and willingness for a long and mutually beneficial cooperation. Mr. Juhani Lano indicated two main business areas of ScienceSoft and TietoEnator’s cooperation: Banking and Insurance, Telecom and Media. These areas are both challenging and highly demanded in the world market.
Mr. Kurayev congratulated ScienceSoft’s personnel on the company’s achievement. He stressed that the company’s success became real thanks to ScienceSoft team’s dedicated work and professionalism.
Currently ScienceSoft expands its staff of highly qualified professionals, particularly of experienced Java developers, to work at European projects of TietoEnator. Detailed requirements towards such candidates can be found at Careers page of ScienceSoft's website.
The outsourcing agreement with TietoEnator makes a good start to a successful cooperation and will bring ScienceSoft to a new level of services offered.
###
TietoEnator is one of the largest IT services providers in Europe, providing consulting, development and hosting services to its customers’ digital businesses. TietoEnator focuses on areas where they have the deepest industry expertise: banking, telecom, healthcare and forest. In these areas, TietoEnator works hand in hand with many of the world’s leading companies and organizations and now active in more than 25 countries.
ScienceSoft has been in the market of offshore software development since 1989, being one of the most mature companies of Eastern Europe. The company specializes in offshore software development, doing software development projects for middle and big companies across the world. If you need more information, you are welcome to contact them.
Contact Information
ScienceSoft Inc.
Tatiana Romanovich
+375 17 293 37 36
http://www.scnsoft.com
Click on the labels below for posts on the categories.
Labels: belarus, eastern-europe, europe, finland, it-europe
PermaLink - ScienceSoft Becomes Outsourcing Partner of TietoEnator posted by Ecacofonix : 12:39 PM
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Wednesday, March 28, 2007
Outsourcing is a double-edged sword for Irish jobs
Outsourcing is a double-edged sword for Irish jobs
11 March 2007 By Tom Sullivan in Delhi
In a week when almost 1,000 job losses were announced in Ireland, there is constant flight of jobs from Ireland to lower cost locations.
Two of the cutbacks announced - Motorola in Cork and Thompson Scientific in Limerick - will lead to jobs being transferred to India as part of a growing trend which experts say is set to continue to hit lower skilled sectors of the economy.
An increasing number of Irish firms moving operations to India are doing so to ensure their survival, he said.
Read the full article from here @ The Sunday Business Post Online
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
11 March 2007 By Tom Sullivan in Delhi
In a week when almost 1,000 job losses were announced in Ireland, there is constant flight of jobs from Ireland to lower cost locations.
Two of the cutbacks announced - Motorola in Cork and Thompson Scientific in Limerick - will lead to jobs being transferred to India as part of a growing trend which experts say is set to continue to hit lower skilled sectors of the economy.
An increasing number of Irish firms moving operations to India are doing so to ensure their survival, he said.
Read the full article from here @ The Sunday Business Post Online
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Labels: competitive-advantage, europe, ireland, strategies, trends, trends-europe
PermaLink - Outsourcing is a double-edged sword for Irish jobs posted by Ecacofonix : 7:52 AM
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Friday, March 16, 2007
India’s Outsourcing Problems - Costs, Talent, Ethics?
India’s Outsourcing Problems - Costs, Talent, Ethics?
Of late, there are problems with India's outsourcing, quotes this article "engineers skip projects after only a few months and salaries are rising by 14% per year..."
Ansd it goes on to say, "...to develop the Eurofreelancer.com website...we scoured approximately 8 different IT outsourcing companies in India,, China, Belarus and the UK. Although the labour costs in India were far lower than those in the other three countries, when browsing portfolios and taking into account experience, we noticed a distinct lack of expertise and trend-awareness. In the end we settled for a company in Belarus, a country that has a high population of extremely talented IT personnel...strong work ethic and little to no language barriers."
This is trend that is being seen more and more...companies keen to explore alternative locations, outside of India. This is getting particularly important for those people who are looking at outsourcing small-sized projects...
Read more on the author's views from the Dec 2006 blog post at Euro Freelancer
BlogOut provides regular, global outsourcing updates for all industries & business functions, in hundreds of categories. See BlogOut Directory for the complete list of categories
Of late, there are problems with India's outsourcing, quotes this article "engineers skip projects after only a few months and salaries are rising by 14% per year..."
Ansd it goes on to say, "...to develop the Eurofreelancer.com website...we scoured approximately 8 different IT outsourcing companies in India,, China, Belarus and the UK. Although the labour costs in India were far lower than those in the other three countries, when browsing portfolios and taking into account experience, we noticed a distinct lack of expertise and trend-awareness. In the end we settled for a company in Belarus, a country that has a high population of extremely talented IT personnel...strong work ethic and little to no language barriers."
This is trend that is being seen more and more...companies keen to explore alternative locations, outside of India. This is getting particularly important for those people who are looking at outsourcing small-sized projects...
Read more on the author's views from the Dec 2006 blog post at Euro Freelancer
BlogOut provides regular, global outsourcing updates for all industries & business functions, in hundreds of categories. See BlogOut Directory for the complete list of categories
Labels: alternative-destinations, europe, problems, problems-india, software, software-india
PermaLink - India’s Outsourcing Problems - Costs, Talent, Ethics? posted by Ecacofonix : 1:39 AM
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Sunday, March 11, 2007
Credit Suisse to shift Swiss IT jobs offshore - report
Credit Suisse to shift Swiss IT jobs offshore - report
Investment bank Credit Suisse is looking to outsource over half of the 5000 IT jobs at its operations in Switzerland to cheaper offshore centres, according to press reports.
According to a report by Swiss Sunday newspaper SonntagsZeitung the bank is planning to offshore 50-70% of IT jobs in Switzerland under plans to SFr2.5 billion in cost savings.
Read more from here, at Finextra
BlogOut provides regular, global outsourcing updates for all industries & business functions, in hundreds of categories. See BlogOut Directory for the complete list of categories
Investment bank Credit Suisse is looking to outsource over half of the 5000 IT jobs at its operations in Switzerland to cheaper offshore centres, according to press reports.
According to a report by Swiss Sunday newspaper SonntagsZeitung the bank is planning to offshore 50-70% of IT jobs in Switzerland under plans to SFr2.5 billion in cost savings.
Read more from here, at Finextra
BlogOut provides regular, global outsourcing updates for all industries & business functions, in hundreds of categories. See BlogOut Directory for the complete list of categories
Labels: banks, banks-europe, banks-offshore, banks-switzerland, europe, investment-banking, it-banks, it-europe, it-finance, it-finance-europe, it-switzerland, offshore, switzerland
PermaLink - Credit Suisse to shift Swiss IT jobs offshore - report posted by Ecacofonix : 12:20 PM
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European Companies Turning to Finance Shared Services To Drive Cost Savings
European Companies Turning to Finance Shared Services To Drive Cost Savings
(WebWire) 3/6/2007 9:13:22 AM
LONDON - Finance shared services organisations (SSOs) have now become a proven and standard approach for most European companies, helping to cut the cost of finance operations by over 20% while enabling them to improve quality, productivity, and customer service by up to 40%, according to new Book of NumbersTM research from The Hackett Group.
Hackett’s research also predicted that the use of offshore SSOs by European companies is expected to expand significantly over the next two years.
Read the entire news story from here @ WebWire
BlogOut provides regular, global outsourcing updates for all industries & business functions, in hundreds of categories. See BlogOut Directory for the complete list of categories
(WebWire) 3/6/2007 9:13:22 AM
LONDON - Finance shared services organisations (SSOs) have now become a proven and standard approach for most European companies, helping to cut the cost of finance operations by over 20% while enabling them to improve quality, productivity, and customer service by up to 40%, according to new Book of NumbersTM research from The Hackett Group.
Hackett’s research also predicted that the use of offshore SSOs by European companies is expected to expand significantly over the next two years.
Read the entire news story from here @ WebWire
BlogOut provides regular, global outsourcing updates for all industries & business functions, in hundreds of categories. See BlogOut Directory for the complete list of categories
Labels: europe, finance, finance-europe, shared-services, shared-services-europe
PermaLink - European Companies Turning to Finance Shared Services To Drive Cost Savings posted by Ecacofonix : 10:56 AM
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