Date:08/10/2004 URL: http://www.thehindubusinessline.com/2004/10/08/stories/2004100800360500.htm

Back Indian firms lead offshore outsourcing market: Study

Our Bureau

Bangalore , Oct. 7

IT research and advisory services firm META Group has rated Wipro, Infosys, TCS, Cognizant, and HCL Technologies among the leaders in the offshore outsourcing market. The new META Spectrum evaluation provides an objective assessment of companies providing offshore outsourcing.

Global IT giants Accenture, IBM, EDS and CSC were among the list of 18 vendors that were evaluated by META Spectrum.

The study attributed maximum momentum to the leaders in offshore outsourcing, as organisations "turn to them first when considering offshore strategies or as a benchmark against which to compare competitors".

Mr Dean Davison, Vice-President, META Group, said: "We developed METAspectrum to enable IT professionals to quickly evaluate vendors based on their ability to deliver on the presence and performance criteria that matter most in a given market."

He added: "Success in offshore outsourcing is increasingly determined by business practices rather than technical expertise."

The study has projected a 20 per cent growth in the offshore outsourcing market through 2008.

It also indicated that the political backlash toward offshore was not deterring market adoption.