Outsource Software

EDS in Hungary and India

EDS is the latest major IT services vendor to bolster its offshore operations. The Dallas-based company, which provides a range of IT and BPO services to corporate and government customers, plans to double its staff in Hungary, a spokesman confirmed on Wednesday.

Entire CRN article

But why stop there, EDS?

With competition fierce for both employees and new contract wins, Western IT service providers may finally be looking at acquisitions as a way to quickly get a bigger foothold in India’s booming outsourcing market. On Tuesday, Electronic Data Systems, the number-two player in the United States, is expected to announce just such a move.EDS says it’s offering $380 million to acquire a 52% stake in Indian business process and software development outsourcer Mphasis BFL Ltd. The offer represents a 30% premium over Mphasis’ average share price over the past six months. Mphasis is listed on the Bombay Stock Exchange.

Article also available on CRN website

This entry was posted on Wednesday, April 5th, 2006 at 7:22 am and is filed under Hungary, India. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.