META Group Rates Infosys as “Leader” in Offshore Outsourcing
Recognized for Market Performance
Bangalore, October 7, 2004: Infosys Technologies (NASDAQ:INFY) today announced it has been rated among the leaders in the offshore outsourcing market by internationally reputed market research firm, META Group. The new METAspectrum evaluation provides an objective assessment of companies providing offshore outsourcing.
Infosys was recognized for its market performance and execution. Further, the study commends Infosys for its polish in terms of messaging, positioning and communication to clients.
The METAspectrum study attributes maximum momentum to the leaders in offshore outsourcing, as organizations “turn to them first when considering offshore strategies or as a benchmark against which to compare competitors.”
This rating follows close on the heels of a client survey conducted by Infosys at its annual customer forum. More than 57 percent of the respondents attributed Infosys’ success to execution excellence, “Getting it done, predictably”.
“We developed METAspectrum to enable IT professionals to quickly evaluate vendors based on their ability to deliver on the presence and performance criteria that matter most in a given market,” said Dean Davison, vice president, META Group. “Success in offshore outsourcing is increasingly determined by business practices rather than technical expertise.”
According to Nandan Nilekani, CEO, President and Managing Director, Infosys Technologies Limited, “As we partner with our clients to help them become more competitive, we bring to them the combined and unmatched strengths of consulting and project execution. META’s endorsement of our leadership capabilities in offshore outsourcing is a reflection of the success of our business model, governed by scale and differentiation.”
The study has projected a 20% growth in the offshore outsourcing market through 2008. It also indicates that the political backlash toward offshore is not deterring market adoption.