Nearshore Journal

By Robin Wauters / TechCrunch.com
Linus Torvalds, the inventor of the Linux kernel, has an absolute disdain for mobile phones. All of the ones he has purchased in the past, the man writes on his personal blog, ended up being “mostly used for playing Galaga and Solitaire on long flights” even though they were naturally all [...]

By Daniel Schäfer in Frankfurt
Published: February 8 2010 02:00 | Last updated: February 8 2010 02:00
Léo Apotheker, SAP’s chief executive, resigned last night in a management reshuffle at the world’s largest business software maker.
The company said Mr Apotheker would be replaced by Bill McDermott, head of field organisation, and Jim Hagemann Snabe, head of product [...]

By Greg Farrell in New York
John Thain has been named chief executive of the CIT Group, the troubled middle- market financial company that emerged from bankruptcy in December under the control of its primary creditors. For Mr Thain, 54, the appointment is an opportunity to rehabilitate his career after a one-year stint as chief [...]

The local outsourcing sector is predicted to grow 20 percent this year, to reach a value of RM1.3bn, according to Outsourcing Malaysia.Last year, the sector recorded a 17 percent growth.
David Wong, chairman of Outsourcing Malaysia, said the continued double-digit growth would be due to worldwide demand for the service.
“There is demand for business process outsourcing [...]

Creates $22 billion global leader for business process and document management
NORWALK, Conn. & DALLAS–(BUSINESS WIRE)–Xerox Corporation (NYSE: XRX) completed its acquisition of Affiliated Computer Services, Inc. (NYSE: ACS), transforming Xerox into the world’s leader in business process and document management.
ACS is the largest diversified business process outsourcing (BPO) firm in the world. Its expertise is [...]

NEW DELHI: The country’s software and business process outsourcing exports are expected to rise 5.5 per cent to touch $50 billion in the current fiscal (2009- 10), industry body Nasscom said on Thursday.
The estimation is in line with an earlier forecast of 4-7 per cent given by Nasscom. The industry was optimistic to reach the [...]

Then-Treasury Secretary Henry Paulson speaks on Sept. 7, 2008, during a news conference on the bailout of mortgage giants Fannie Mae and Freddie Mac. Paulson has written a memoir recounting key moments of the financial crisis.
Former Secretary Paulson’s appeal, calling for more regulation on our financial institutions, in his new book “On The Brink” ,perhaps [...]

The mere suggestion that this is possible in the mid-term raises serious question about the intrinsic quality of U.S. long term economic health. Clearly, U.S. debt levels, its trade deficit( although it carries a service trade surplus), the questionable quality of its financial institutions and its intermediate and long term competitive position justifies the analysis. [...]

By Paul Glader. Xerox Corp. Chief Executive Officer Ursula Burns said her company will keep doing acquisitions, but not as large as the $5.6 billion takeover of business process outsourcing firm Affiliated Computer Services Inc. that closed on Friday.
Dallas-based ACS will expand Xerox’s service offerings into payrolls, accounts payable, information technology outsourcing and other business [...]

By Abigail L. Ho / Philippine Daily Inquirer
Industry created 442,164 jobs as of end-2009
MANILA, Philippines–THE BUSINESS PROCESS OUTSOURCING
Sector continues to be the country’s sunshine industry, generating more than $7.2 billion in revenues last year, a 19-percent increase from $6.1 billion in 2008.
In a presentation at the opening of the 10th e-Services Global Sourcing Conference and [...]