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Exult to use neoIT services, technology in outsourcing pacts

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CIOL Bureau
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BANGALORE: US based Exult Inc., the market leader in HR business

process outsourcing for Global 500 corporations, has licensed and employed the

neoIT system to formalize two multi-year contracts with offshore IT providers.

Exult will also use neoIT’s SVCA technology and services to complement and

streamline management and oversight of the delivery of these contracts. This was

informed by an official press release from neoIT.






"By using neoIT’s Global Services Network and SVCA technology, we were
able to broaden our reach from a few known vendors to over eleven. We expect

neoIT’s SVCA technology and services to help us continually manage the

performance of the contracts we have awarded, as well as help us source and

procure new contracts that may arise," said Exult’s executive vice

president of business model architecture, Steve Unterberger.

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TPI, the global sourcing advisors talking about the transaction said,

"We were pleased to bring our partner, neoIT, to the table with Exult

during this transaction process" said, TPI’s vice chairman, Warren

Gallant. TPI believes hat the neoIT SVCA services and technology provides

tremendous value to their clients, and Exult’s results are proof of that.

neoIT’s expertise in the Indian market provided Exult with meaningful and

comprehensive assessments of the companies they received bids from. neoIT’s

recommendations were based on historical experience and knowledge that only

comes from working directly with a company. As a result, Exult was able to

select Hexaware and HCL Technologies, as the two providers who will support

Exult in executing the application support and maintenance services.

"neoIT’s SVCA technology and consulting services are designed to

assist companies such as Exult in managing the outsourcing process," said,

neoIT’s managing director, Avinash Vashistha. "To have a company of Exult’s

caliber use our technology, speaks volumes of the value that neoIT offers."

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