ISG Announces New Agreement to Aid Chinese Outsourcing Industry
23 Septembre 2009 - 11:36PM
PR Newswire (US)
Business unit TPI will work with Huaqiao to enhance appeal to
buyers, service providers, global corporations Shanghai satellite
zone poised to become global destination for business process,
financial services outsourcing STAMFORD, Conn., Sept. 23
/PRNewswire-FirstCall/ -- Information Services Group, Inc. (ISG)
(NASDAQ:IIINASDAQ:IIIIUNASDAQ:IIIIW), an industry-leading
information-based services company, announced today that its
business unit TPI, the largest sourcing data and advisory firm in
the world, has signed an agreement to help Huaqiao, a satellite
zone of Shanghai, take the lead in expanding the outsourcing market
in China. Under the agreement, TPI will assist Huaqiao with the
creation of China's first operating protocols and standards for
outsourcing industry participants. The protocols and standards,
which will address issues such as business setup, data privacy,
intellectual property, measurement and reporting systems and
training and education, are designed to increase the city's appeal
to global sourcing buyers, service providers setting up delivery
centers and global corporations building captive or shared services
centers. Huaqiao is an economic development zone in China dedicated
to services outsourcing. The Huaqiao International Service Business
Park, located just 12.4 miles (20 km) east of central Shanghai, is
expected to become a hub of financial services outsourcing (FSO)
and business process outsourcing (BPO) activity, with an
anticipated workforce of 300,000 and a productive capacity of $15
billion within five to 10 years. "We are very pleased that TPI is
working with us to strengthen our position in the global
outsourcing marketplace," said Ren Xueyuan, chief executive of
Huaqiao. "We believe Huaqiao is the most dedicated service sourcing
industry park and that dedication and focus give us a strong
advantage. As we aim to be a leading global service sourcing
location, we've increasingly realized the need to align with global
operating protocols and standards. TPI's unparalleled sourcing
experience and expertise will help us address that need and make
Huaqiao and China attractive destinations for both the buy and sell
sides of the industry." ISG launched TPI in China in March with the
opening of its Hangzhou-based Training and Assessment Center to
provide advisory services and information to both buy- and
sell-side clients. In May, ISG signed agreements with the Chinese
Ministry of Commerce (MOC) and a strategic cooperation agreement
with the China Council for International Investment Promotion
(CCIIP) to work together on accelerating the growth of the
country's emerging IT and business process outsourcing sectors.
"TPI is a very important strategic partner of CCIIP and we are
looking forward to working with its global experts and their unique
resources to speed up the development of China's sourcing market,"
said Madam Zhou Ming, Executive Vice President and Secretary
General, CCIIP. "Huaqiao represents a first step in this journey."
Added Zhou Wei Qiang, Vice Mayor of Suzhou: "China needs to find
its own way to stand out from countries such as India and attract
more attention from global first-tier buyers. We are looking
forward to TPI's success in helping Huaqiao." Said Michael Rehkopf,
TPI Partner and Head of TPI China: "This is another step in our
continuing efforts to help develop a strong outsourcing industry in
China. With this agreement, Huaqiao is demonstrating leadership
that should inspire confidence in corporations around the world
that are looking to China to be the next major sourcing market."
"We are pleased to be a partner with Huaqiao in strengthening
China's outsourcing sector," said Michael P. Connors, Chairman and
CEO, ISG and TPI. "China is an extremely important market for ISG
and TPI and for the sourcing industry as a whole and we are excited
to be participating in its further development and growth." About
TPI TPI, a unit of Information Services Group, Inc. (ISG)
(NASDAQ:IIINASDAQ:IIIIUNASDAQ: IIIIW), is the founder and innovator
of the sourcing advisory industry, and the largest sourcing data
and advisory firm in the world. We are expert at a broad range of
business support functions and related research methodologies.
Utilizing deep functional domain expertise and extensive practical
experience, TPI's accomplished industry experts collaborate with
organizations to help them advance their business operations
through the best combination of business process improvement,
shared services, outsourcing and offshoring. In addition, TPI
Momentum, a business unit of TPI, provides information and insights
to outsourcing and offshoring service providers to help them
provide enhanced services to their sourcing clients. In 2009, TPI
is celebrating its 20th anniversary. For additional information,
visit http://www.tpi.net/. About Information Services Group, Inc.
Information Services Group, Inc. (ISG)
(NASDAQ:IIINASDAQ:IIIIUNASDAQ:IIIIW) was founded in 2006 to build
an industry-leading, high-growth, information-based services
company by acquiring and growing businesses in advisory, data,
business and media information services. In November 2007, the
company acquired TPI, the largest independent sourcing advisory
firm in the world. Based in Stamford, Conn., ISG has a proven
leadership team with global experience in information-based
services and a track record of creating significant value for
shareowners, clients and employees. For more, visit
http://www.informationsg.com/. DATASOURCE: Information Services
Group, Inc. CONTACT: Todd Miller, TPI, +1-480-235-7018, ; Rhena
Wallace, Cohn & Wolfe for TPI, +1-212-537-8014, Web Site:
http://www.informationsg.com/
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