Outsourcing CEO resignation paves way for a sale of the company
Long suffering shareholders of Phoenix, providers of data hosting, disaster recovery and datacentre services, drew in a deep breath on Wednesday when news that CEO David Courtley had tendered his resignation filtered through. Forced or voluntary it lays open the very real possibility of a trade or private equity sale in the next few months. [...]
Read the rest of this entryGM axes $2.5Bn HP outsourcing contract – inspired or suicide?
A week ago General Motors’ CIO Randy Mott signalled the end of 28 years of pioneering outsourcing deals by announcing that he was returning 90% of outsourced services back in-house. HP’s approximately $700m per annum (including hardware provisioning) outsourcing contract is now in full run down mode. Returning IT in-house is an alarming and growing [...]
Read the rest of this entryOutsourcing CEO gets 17 years gaol
It is not often that you get an exclusive story and that in addition has all the elements of a melodrama – sustained and significant fraud, greed and envy, betrayal, menace, multiple fast cars, hired muscle, and … you guessed it – Outsourcing! What I hear you cry! – an outsourcer has been jailed for [...]
Read the rest of this entryLogica and CGI Wedding Bells at last? Don’t bet on it!
The news that a mostly unknown Canadian service provider (CGI) has put a cash-only bid to purchase the archetypal old fashioned British jewel of Logica should come as no surprise to the markets. Valued, until the bid arrived, at half of what it was worth a year or so ago, still means that even after [...]
Read the rest of this entryPFI/PPP the UK scandal worth investigating
The European Services Strategy Unit maintains a database of PFI projects and tracks changes. In June 2011 it stated that in excess of 90 PFI deals had been moved to the offshore tax havens of Jersey and Guernsey. Why is this bad? Well, HSBC Infrastructure sold 33 projects to HICL Infrastructure and so £38m of [...]
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