NIIT in global Top 20 training outsourcing list

NEW DELHI: NIIT, the global training company, has announced its inclusion in TrainingOutsourcing.com's global listing of Top 20 companies in training outsourcing industry for 2005. The US-based, TrainingOutsourcing.com is a knowledge-based community dedicated to training outsourcing industry.

According to the press release, over 50 companies were considered and evaluated on 14 processes and business categories. Selection to the '2005 - TOP 20 Companies in the Training Outsourcing Industry' was based on eight process capabilities and six business capabilities. The selection criteria included diagnostics, strategic integration, content development, portfolio management, sourcing, technology integration, administration, training delivery, strategic reporting, financial stability, geographic reach, leadership talent, breadth of resources, and commitment to the industry.

In its recent study on total corporate training expenditures for 2005 in the US alone TrainingOutsourcing.com has predicted spending on the category to exceed $119 billion, of which approximately $45 billion would go to external training products and service providers. This year's list of providers accounts for more than 80 percent of training BPO market revenues with nearly $907 million of the $1.1 billion market represented in this prestigious and competent list of companies.

Speaking on the occasion, NIIT USA VP, Abhas Kumar said, "NIIT is one of the few global training majors that has the distinction of providing conventional and contemporary training offerings based on its vast experience of over 20 years of developing and delivering blended learning solutions across varied target segments."