Big IT Outsoucing

InformationWeek reports big outsourcing deals valued at more than $1 Billion are projected to grow this year. This is according to a survey by Technology Partners International (TPI).

"TPI's survey also indicates that demand is rising sharply for business-process-outsourcing services, under which a vendor takes over the operation of an entire business function within a company. "2004 will be a breakthrough year for BPO," Allen said. Business-process-outsourcing deals also are increasing in size. The average contract awarded so far in 2004 is worth $418 million, compared with an average of $220 million last year. TPI says more businesses are awarding contracts that cover more than one business process."