BANGALORE: Cyber India Online Limited (www.www.ciol.com),
has entered into a strategic alliance with neoIT, the leading global IT services
marketplace, which will result in the first of its kind offering in the country
to bring the global IT outsourcing community together. Under the agreement, CIOL
will build an IT outsourcing Web site, powered by the expertise of neoIT, where
global buyers can learn about the Indian software services market and firms and
Indian IT companies can bid for projects from all over the globe.
CIOL’s latest initiative is towards bringing its loyal
readers from these two segments together. "There is a growing demand for IT
services globally. It is increasingly going to be difficult to meet IT needs
internally. We see a trend towards greater acceptance of outsourcing — not
just basic IT but core development including mission critical
applications," said CIOL managing director Pradeep Gupta. "Also, IT
services like call centers, biotech, test and verification and technical support
will see an exponential increase in outsourcing," added Gupta.
"As these businesses are under immense pressure to be
competitive in the global marketplace, they face an urgent need to outsource
their IT projects. And, India is fast becoming a leading destination for such
outsourced projects. Our alliance directly brings these buyers to the Indian
software firms," said neoIT co-founder and managing director Avinash
Vashistha.
"The site will have relevant information and services
for buyers and providers, thus encouraging the growth of IT outsourcing. The
site will also drive at portraying India as a hot destination for global majors
for outsourcing IT projects," said CIOL president E Abraham Mathew.
The neoIT engine will offer access to global markets and
global IT projects, reduction in sales and marketing costs and an online project
tracking and collaboration engine for the providers, according to a release. The
buyers using this engine would also experience benefits such as enhanced speed
to market, access to high-quality Indian providers, verification of provider
quality and online project administration.