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Romanian Outsourcing Awards for Excellence 2017 - Finalists Announcement

Outsourcing Today, the integrated communication platform of the business services sector and The Diplomat – Bucharest, present the Third Edition of Romanian Outsourcing Awards for Excellence, on May 11, 2017 at Marriott Hotel Bucharest, Constanta Hall. The elite event recognizes, rewards and celebrates the success of the most prominent companies acting in the Outsourcing - BPO, ITO and SSC industry in Romania.

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SAP employees to teach programming to scholars in Cluj-Napoca

Ten volunteers working for SAP company together with Cartea Daliei association will organize a Scratch programming teaching club to function at Emil Isac school based in Cluj-Napoca, the company announced.

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TELUS International Europe awarded Most Innovative Office in Romania

On November 10th, 2016, CBRE, in partnership with Skanska, announced the winners of The Most Office competition in Bucharest.

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Get your news about the industry from Outsourcing Today newsletter

Starting today, we are introducing to you the first Outsourcing Today newsletter. As we promised to keep our commitment to you and the industry, we are constantly seeking to bring new and inspiring added-value to the sector after the great success we had with our events and printed edition.

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Agricover implements Oracle solution to improve the evaluation process of its 850 employees

Agricover, the integrated solutions provider for agriculture in Romania implemented Oracle Fusion Human Capital Management cloud solution, meant to facilitate and accelerate the evaluation process of the company's 850 employees.

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Smartree business rose 33% in the first half due to larger demand in temp work

Smartree, one of the leaders in Romanian market for outsourcing HR processes, achieved a turnover of about 5.5 million Euro (24.65 million RON) in the first half of the year, up 33% compared to the same period of last year.

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DTZ: Office demand outside Bucharest to reach highest-ever volume

In 2015 the volume of pre-leasing in the main regional cities was three times higher than the previous year, states a new release from DTZ Echinox.

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JLL: Demand of Bucharest offices, mainly driven up by BPS and ITO in Q2

The office demand in Bucharest in the second quarter of 2016 was mainly generated by IT and BPO / SSC companies, which accounted for over 40% of the total volume registered, followed by banks with approximately 21% and health and pharma companies with 17%, says the most recent JLL report.

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British firm Xoomworks to grow 30-40 per cent Cluj operations

After entering the Romanian market in 2007, British company Xoomworks Outsourcing grew its operations to 100 staff, tells Outsourcing Today company's managing director, Christophe Bajc.

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Leoni to open new SSC in Cluj, cut jobs outside Romania

German company Leoni plans to open its own shared service center in Cluj, company officials told OT. They say the center is planned to open in more than six months, and until then no further information can be offered.

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RES enters the Romanian market and hires 40 in its R&D center

RES, a company specializing in enabling, automating and securing digital workspaces, has entered the Romanian market by opening a Research & Development center in Bucharest, says the CEO of RES, Al Monserrat.

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Hanner puts tens of millions into the Bucharest offices, after 60 mil. Euro in residential

Lithuanians from Hanner Holding, the real estate investor known in Romania for the development of The Park residential project, expands to the office segment by acquiring part of the land plot of the former Grivița Beer Factory, in center-west Bucharest.

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Luxoft Romania ups turnover figure 56%, has energy, utilities and aviation in mind

Luxoft Romania, a provider of software development services and IT solutions to global customers, last year recorded a turnover of 222.3 million lei, up 56% compared to previous year.

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Eucom: Nine out of ten corporate Romanians can communicate in a foreign language

Up to 94% of the people audited by organizations in Romania have good or very good knowledge of foreign languages, as shown by the results of an analysis performed by Eucom, one of the top language services company, part of Ascendis Group.

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Exclusive, OT print issue: Teamnet invests ten million Euro in 2016, expands regionally

Romania moves forward adopting technologies such as the Cloud, The Internet of Things (IoT), Geographic Information System (GIS) or Unmanned Aircraft Vehicle (UAV), which will most certainly lead to technological innovation that will drive Romania's development in the next two decades, says Bogdan Padiu, CEO, Teamnet Group.

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Oracle Romania inaugurates the Iasi office

Oracle officially opened its first office in Iasi, a project that is part of the expansion of the company nationally. Sorin Mindrutescu, country leader & director CEE Cloud and Hans Klemm, the US ambassador to Romania were present at the new Oracle office inauguration.

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Office Depot: An ambitious growth

Office Depot opened its first worldwide shared service centre (SSC) in Cluj-Napoca in August 2007 with the purpose of supporting Office Depot's financial operations at a Pan-European level, says Giulio Medda, SSC managing director of Office Depot.

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Xerox Romania improves market share in an 80 million USD market - OT print issue

Xerox sees the document services and outsourced management markets growing in 2016, keeping with the upward trend of the economy, says Gabriel Pantelimon, general manager of Xerox Romania.

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Federal-Mogul expands 120-employee Romanian center team - OT print issue

While Federal-Mogul is set to expand its team, new investors are coming into Ploiesti to add more than 500 jobs to the city, Simona Scutaru, Service Center Site leader & HR Country Manager Federal-Mogul Motorparts tells Outsourcing Today.

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Telus expands to AFI Park 4&5, AFI Tech underway

AFI Europe Romania has leased an extra 3,000 sqm of space to Telus International in AFI Park 4&5 office buildings, thus reaching a 70% occupancy rate. Telus International already occupies 5 floors in AFI Park 3. AFI also announces the development of a new 50,000 sqm TECH Park.

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Microsoft to control more than 1.8 million LinkedIn accounts in Romania

While the world's IT giant Microsoft plans the takeover of the biggest professionals' network for 26 billion USD, it will also get control to Romania's more than 1.8 million users database.

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TMF Group acquires UCMS Group for an undisclosed amount

TMF Group – a 17 year-old company in outsourcing services market in the country, announced the acquisition of UCMS Group, a supplier specialized in human resources outsourcing services for an undisclosed amount.

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Vastint ups to 70,000 sqm Class A projects under construction in Bucharest

Vastint Romania is starting the construction process for all three buildings in Business Garden Bucharest, totaling about 41,000 sqm of modern, class A office space and ground floor areas for retail. PORR Construct is the general contractor of the project and commissioning is planned for the second half of 2018.

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ISSCO expands local offices to Iasi and plans 400% growth

Following a successful journey in Bacau's IT outsourcing segment, ISSCO opens a new office in Iasi and ups its team by more than 75 new employees.

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Rockwell Automation opens first office in Romania

Rockwell Automation, the world's largest company dedicated to industrial automation and information, expands its business in East and Central Europe and has opened two new offices in Bucharest, Romania and Budapest, Hungary. Both offices will have experienced industrial professionals who have worked extensively with manufacturers in the country.

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Optima's turnover increased by 42% in 2015, 20% further planned

While Optima Group closed 2015 with a turnover of 4.8 million lei, an increase of over 40% compared to 2014, it also plans for this year a further growth of 20%

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CBRE and Skanska launch a new contest for Romanian offices

CBRE's office division launches the first contest held in Romania, says Razvan Iorgu, managing director of the company. The CBRE's initiative, implemented in partnership with Skanska, one of the leading builders and developers in the world, aims to discover, promote and reward the most beautiful office in Bucharest.

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Bosch continues double-digit expansion in Romania, investments up to 40 mln. Euro

While Bosch sells equipment and electronics, it also developed a BPO center in Timisoara, an R&D center in Cluj and production units in Cluj and Blaj. Last year's investments reached about 40 million Euro, about 50% larger than 2014's levels, says Mihai Boldijar, Bosch's chief of operations for Romania.

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Veeam opens Bucharest office at 120 employees, to grow 60% by year-end

When Ratmir Timashev graduated from the "Moscow MIT" at the beginning of the 1990s, he would have never imagined he will found and lead a half a billion USD-revenue company that will expand globally in under 10 years.

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Intel might close the Bucharest offices?

HR managers in ITO companies may have thrilling news, as Intel may close down its local office, laying off more than 150 employees.

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UniCredit BIS openss new office in Iasi, 600 employees relocated

UniCredit Business Integrated Solutions - the bank's global services group, designed to provide services in the areas of ICT, back office, middle office services, real estate, security and acquisitions – opens its newest office in Iasi, Romania, in the presence of Carlo Vivaldi, Division Director CEE, UniCredit and Paolo Ceder, CEO of UniCredit Business Integrated Solutions.

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RE/MAX GdL: The real estate market in Cluj-Napoca exceeds 1 billion euros

RE/MAX Grup de Lux, one of the first franchises RE/ MAX in Romania in Cluj-Napoca, estimates that the housing market Cluj will reach this year a value of over 1 billion euros if taken into account all categories of transactions.

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Accenture, for the 11th time in Global Outsourcing 100

For the eleventh consecutive year, Accenture has been named to the 2016 Global Outsourcing 100 list by the International Association of Outsourcing Professionals (IAOP). The Global Outsourcing 100 is an annual listing of the world's best outsourcing service providers.

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Endava reaches 700 employees in Cluj center, plans 25% global growth

Endava, one of the IT services companies with rapid growth in the region, has expanded during the recent months its local team in the biggest center it has in Romania, located in Cluj-Napoca, reaching 700 full time employees.

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Cluj: International Cambridge High School scholarship within Transylvania College

The deadline for enrollment at Transylvania College scholarship program Scholarship Society, extended until May 26

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Teamnet unmanned aircrafts enter Italian market

Teamnet Group will provide UAV technologies in the Italian market as a result of a strategic partnership with Geocart.

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Oracle reaches 4,200 employees and plans further expansion

While Sorin Mindrutescu, Oracle's general manager for Romania, added up to its functions the leadership of the central and eastern Europe's Cloud division, the company grows solidly to about 4,200 employees, about a third more than last year's.

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Colliers: Premium Point and Premium Plaza acquired by Global Trade Center

Global Trade Center acquired Premium Point and Premium Plaza office buildings in Victoriei Square, in Bucharest. The transaction was advised by Colliers International as representative of the seller.

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Stefanini opens a new support center in Targu Mures

Stefanini Romania, local subsidiary of the Brazilian company Stefanini – one of the leading global players in the outsourcing of IT services, has opened a new support center in Targu Mures, which is the third in Romania, after those in Bucharest and Sibiu.

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Exclusive OT print issue: Ericsson - Predictive, not just proactive

New industry standards change the corporate service mentality from being proactive to being predictive. And growing 15-20 per cent each year may mean expanding local activity to a smaller city as well, Liam Coffey, Ericsson's vice president and head of Global Services Support Center Romania tells Outsourcing Today.

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Exclusive OT print issue: SCC to grow 20 per cent this year, expand to new location

SCC Services Romania started activity in 2006, with a team of just 24 people. Now it has about 1,000 and by 2018 about 30 per cent more will join its team.

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Exclusive OT print issue: Genpact may expand 40% in the next two years

"The business process outsourcing and shared services industry benefits from the fastest growing trend that Romania ever witnessed", says Shibu Nambiar, COO Europe, Latin America and Africa.

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Federal-Mogul inaugurates new manufacturing plant in Romania

Federal-Mogul Motorparts, a division of Federal-Mogul Holdings Corporation, a global manufacturer of automotive technologies, announced the official opening of its new, world-class manufacturing facility in Romania.

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Smartree launches index to take the pulse of the economy in real time

Last year, salaries in the private sector increased by 4.41% while the number of employment surged by 11%, says the newest Smartree Workforce Index - a summary of the evolution of recruitment, wage growth and well-being of employees.

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Exclusive OT: Romanian outsourcing FDI is on the right track, we need infrastructure

Nadia Crisan believes Romania is on the right track in luring in more foreign direct investments (FDI), in outsourcing, manufacturing, and services domains.

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Birouri Vii: A space for people, a project for the IT & Outsourcing community

Birouri Vii – "A space for people" is launching as a project meant to bring forward the IT & Outsourcing community from North-Eastern Romania through a series of video-interviews taken within different company offices, with the very passionate people working there, as well as with those managers for whom creating a friendly and relaxing environment for their employees, is more than important.

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Colliers reports first office sale this year: Phoenix Tower goes to Adamamerica

Aberdeen Asset Management Deutschaland and Commerzbank signed an agreement to sell Phoenix Tower building in Bucharest to Adamamerica, according to a Colliers release.

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Qualitance included on top 5,000 fastest-growing private companies in Europe

The Romanian software company Qualitance has been included on the 2016 Inc. 5,000 list of fastest growing private companies in Europe over the past three years, owing to the 283% growth rate of Qualitance from 2012 to 2014.

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Exclusive OT: Federal-Mogul to expand team, new investors come to Ploiesti

While Federal-Mogul is set to expand its team, new investors are coming into Ploiesti to add more than 500 jobs to the city this year, Simona Scutaru, Service Center Site leader & HR Country Manager Federal-Mogul Motorparts tells Outsourcing Today.

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Dell brings automated support services to Romania

Dell's newest ProSupport Plus service is now available for Romanian clients through an automated service, according to a company release.

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More than 25% of Romanian employers report hiring intentions in Q2/2016

More than one of every four Romanian employers forecast payroll gains during the second quarter of 2016, says the Manpower Employment Outlook Survey.

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Exclusive OT: Laser printing market up 18% in units in 2015, -Pantelimon, Xerox

Xerox sees document services and outsourced management market growing in 2016, keeping up with the upswing trend of the economy, says Gabriel Pantelimon, general manager of Xerox Romania.

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Romanians buy 10 times more with contactless cards – Vladimirescu, MasterCard

In 2015, the contactless expenditure through MasterCard and Maestro cards in Romania has grown tenfold, year-on-year, says Cosmin Vladimirescu, general manager, MasterCard, Romania.

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Retail sales up almost 15%, IT&C among top rates with 20% and steadying

Romanian retail sales keep strong momentum, accelerating to a whopping 14.9% rate year on year (YoY) in January 2016, after a 1.9% monthly expansion, coming from 14.2% YoY in December 2015 (upwardly revised from 13.0%), as fuel sales surged, says an ING report.

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Exclusive OT: British company Xoomworks to grow 30-40% Cluj operations

After entering the Romanian market in 2007, British company Xoomworks Outsourcing grew its operations to 100 staff, tells Outsourcing Today company's managing director, Christophe Bajc.

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Class A and B offices employees up to 200,000 in Bucharest, 20% growth rate- DTZ

The number of employees in the Class A and B office buildings in Bucharest at the end Q4 2015 was of 204,062, according to a DTZ report, while an annual growth rate of 20% is provided for 2016.

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FotoNation leases 1,800 sqm in AFI Park 4&5, occupancy up to 60%

AFI Europe Romania has signed a new lease agreement in the office building AFI Park 4&5 with FotoNation, a TESSERA company, reaching a 60% occupancy rate.

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Exclusive OT: Luxoft surged 40% in 2015, follows top sophistication expansion

If you're a Swiss private bank client, or a premium car phone and PC system user, most likely your account is managed through Luxoft's Romanian team of expert's designed applications.

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Exclusive OT: SCC team to grow 20% this year, expands to new city

SCC Services Romania started activity in 2006, with a team of just 24 people. Now it has about 1,000 and by 2018 about 30% more will join its team.

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iQuest expands Brasov offices in Coresi BP Brasov

Global IT services and solutions provider iQuest leased 1,650 sqm in L1, the first building of the second development phase of Coresi Business Park.

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Atos launches Junior IT Club, free programming courses in secondary schools

Atos launches in Romania, in partnership with Edusfera, the Junior IT Club - Powered by Atos program, which will offer free courses programming in schools, for V-VIII classes, starting March 2016. The first phase of the project is aimed at schools in Bucharest and Timisoara.

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SocGen's EBS division to grow 60%, expands its West Gate offices in Bucharest

Société Générale European Business Services (the business outsourcing division) expanded its HQs in H2 building of West Gate business park, owned by Genesis Development, and plans to grow its personnel by about 60% by year-end.

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Romanian cities of Iasi and Timisoara office rental at record highs in 2015

In 2015, the volume of office rental transactions except the Capital rose to a total area of 49,661 sqm, 32% more than in 2014, an Esop release reveals.

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CBRE: CEE real estate investments up 25%, Bucharest and Warsaw at record levels

Investment into Central and Eastern European (CEE) countries (excluding Russia) for 2015 increased by 25% compared to 2014, reaching 9.9 billion euro, says a CBRE report.

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Exclusive OT: Atos hires 600 IT professionals nationwide, will reach 2,000 by year-end

Atos will expand its Romanian operations and intends to reach about 2,000 employees nationwide by the end of 2016, tells Outsourcing Today the Atos country manager, Catalina Dodu.

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Excusive OT - Paun, Colliers: Outsourcing took about 40% of the 2015 office market

Business processes and IT outsourcing and shared services centers have taken about 40% of the overall offices demand from the overall market in 2015, tells Outsourcing Today the associate director of Colliers International (Romania), Andreea Paun.

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Exclusive OT: Stefanini Romania grew about 25% in 2015, Targu Mures and Kishinev are next

Stefanini's Romanian operations grew about 25% last year and another 20% upswing is expected for this year, Andreea Stanescu, senior director of Service Delivery EMEA, Stefanini Romania, tells Outsourcing Today.

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JLL: Large investors dominate the Romanian estate market, lower yields

Real estate large investors such as CTP, JLL, P3, NEPI and Globalworth bought Romanian real estate assets worth over half a billion euros during the past year, according to JLL.

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Romanian employees received 20% more extra-benefits in 2015, IT – largest growth

Perks for local employees in Romania grew about 19% last year over 2014's values, while IT&C and pharma employees topped the other domains in the fringe benefits' rankings, according to Smartree. The gross bonuses for Christmas amounted to about 175 euro on average, says the HRO consultancy.

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Exclusive OT: GRS to grow 50% in 2016 into Bucharest and Piatra Neamt

Global Remote Services (GRS) will invest into growing its personnel from 400 to 600 people into its business process outsourcing (BPO) and contact center, Cosmin Raducu-Efrim, general manager of GRS, told Outsourcing Today.

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Romania learns TiVo with Ness upping to 140 programmers the Iasi center by year-end

TiVo Inc., the US TV programs management service company, announces the first year anniversary of the establishment of TiVo Romania software development center in Iasi with plans to double its size by year-end, Outsourcing Today has learned.

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Raiffeisen Bank Romania outsources online storage and comms to Google and Android

Raiffeisen Bank has initiated its digital transformation in improving the way the bank's employees collaborate and communicate.

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JLL: Romania will finish this year projects worth 800 mln. euro

Developers are expected to deliver over 700,000 sqm of new real estate projects in 2016, with a combined investment value of over EUR 800 million. Office buildings will remain in the top of developers' preferences, followed by retail and logistic.

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Xerox expands its customer care center in Oradea and will employ 40 more people

Xerox is relocating its current customer care center to a larger a facility and will recruit about 40 agents by the end of 2016.

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CBRE: Bucharest will witness a fivefold increase in office space, IT - best lessee

A record area of office space will be delivered in 2016 in Bucharest, according to a CBRE report. In 2016 408,000 sqm of new offices will be delivered, over five times more than the total of 72,500 square meters in 2015 and 10% more than the volume of 2009, which represented a historical record of the local real estate market.

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Luxoft Romania hires 100 specialists for its local IT automotive division

Luxoft Holding, Inc. (NYSE: LXFT), one of the providers of software development services and IT solutions to global customers, continues its local expansion and employs 100 more IT professionals in its automotive division.

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AFI Europe Pre-Leases 16,000 sqm, with Cameron, SII and Ortec among tenants

Office buildings AFI Park 4 and 5 in Bucharest have reached 50% (16,000 sqm) pre-leasing rate at the beginning of 2016.

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Rusu, Webhelp: With the new Iasi center we will reach 2,300 employees

French group Webhelp expands its local activities with its sixth customer center in Iasi with an investment that will get up to 800,000 euro by year-end.

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UniCredit Business Integrated Solutions becomes ABSL Romania member

The Association of Business Services Leaders in Romania (ABSL), the leading organization representing the local business services, announceed a new member service provider in the field of information technology and communications (ICT) UniCredit Business Integrated Solutions.

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US regulator doesn't allow Staples acquisition of Office Depot

The Federal Trade Commission is not budging from its move to block Staples from acquiring its rival Office Depot, according to New York Post.

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CBRE: Romanian CRE investments down 45%, CEE retail up 160% in 2015

Investment into Central and Eastern European (CEE) countries (excluding Russia) for 2015 reached a historic high level at over Euro 9.55 billion, representing a 19% increase year on year.

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Capgemini, Accenture buy salesforce and cloud partners

Two giants in the solution provider space began the new year by boosting their cloud capabilities through their acquisitions of two European-based salesforce partners.

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Wipro appoints new executives, creates new unit

After naming former TCS veteran Abidali Neemuchwala as its new chief executive officer (CEO), India's third largest software exporter Wipro has appointed Bhanumurthy BM as its new chief operating officer.

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Spending on service provider data centers is booming

The data center is transforming -- modernizing to meet business demand as technologies such as software-defined architecture, cloud and virtualization take hold.

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Luxoft expands into Poland, Germany and Sweden

Luxoft Holding, Inc., a leading provider of software development services and IT solutions to a global client base, announced opening new offices in Tricity - Poland, Munich - Germany and Stockholm - Sweden.

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DTZ: Bucharest office market up 10% at 9 M 2015

The total trading activity in Bucharest was approximately 10% higher in the first nine months (9m) of the year as compared to the same period of last year, says DTZ.

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Bosch Service Solutions to grow 20% Timisoara employment in 2016

Bosch Service Solutions, a leading provider of business processes outsourcing (BPO) reached a total of 570 employees this year and plans to grow the personnel figure by 20% by end-2016, company officials told Outsourcing Today.

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Digitaljob.ro: Romanian software, online and mobile industries, top employers

The main industries that are specialists seekers in Romania are the software, online and mobile and also the advertising, according to Digitaljob.ro, one of the niche recruitment platforms dedicated exclusively to digital and IT industry.

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Accenture teamed with Code in education event

Accenture teamed up with Code.org to support global participation in Hour of Code, one of the world's largest educational events, designed to prove anyone can learn the basics of coding, have fun doing it, then continue learning beyond one hour.

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Automation and customization raise Wizrom revenue by 30%

Wizrom Software is forecasting an increase of 30% in revenues for 2015 due to special projects – design and implementation of customized, turn-key solutions.

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IFC and Black Sea Trade Bank inject more into Teamnet shares

Two of Teamnet shareholders, International Finance Corporation and the Black Sea Trade and Development Bank invested 1.5 million euro by purchasing additional 2,782 new shares of the Teamnet Group, according to a release.

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Centric to double Iasi opps, leases 1,700 sqm more in Palas center

Centric IT Solutions, a global provider of software solutions, has reached a total of 200 employees at the location in Palas Iasi center, where is present since 2012.

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ASE Bucharest gets new CIMA program, a qualification highly appreciated by employers

The Chartered Institute of Management Accountants (CIMA), one of the world's largest professional bodies of management accountants, strengthens its presence in Romania by sealing a strategic partnership with the Bucharest University of Economic Studies (ASE)

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Siemens to invest more into Romanian R&D opps

After finishing the Cluj Napoca 4.5 million euro investment last year, Siemens keeps on hiring more and more personnel for its Cluj and Brasov ITO centers, says George Costache, CEO Siemens for Romania.

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Half of Swiss jobs will be lost to automation-Deloitte Switzerland

A new analysis by Deloitte shows that 48% of current Swiss jobs could be lost to automation. Administrative, secretarial, agricultural and production jobs are most at risk.

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Romanian North-East BPS and IT will grow 10% annually by 2030

Romania's North-East business process services (BPS) and the IT sector will grow about 10% each year, from 8,000 employees today to 30,000 employees in 2030, says a study by API (Aceess Process Investment) for Euronest. Iasi is the largest city, with 6,000 employees in 40 office buildings.

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BP expands Wipro contract, possibly by USD 100 mln. more

BP has revamped its outsourcing strategy and expanded the multi-million dollar contract with Wipro, sources close to the industry told The Economic Times India.

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US: IT outsourcing for healthcare sector to grow 40% by end- 2017

Black Book estimates the demands of data security, population health and value based benefits solutions, and revenue cycle modernization to drive the evolving payer ITO market in excess of US 60 billion by Q4 2017.

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AFI net income up 8% at 9M, Romanian projects valued at 600 mln. euro

The net operating income (NOI) of the Romanian portfolio of AFI Europe Romania increased to euro 30 million, 8.2% higher then the first nine months (9M) of 2014. AFI Palace Cotroceni, the biggest asset, was valued as of 30.09.2015 at euro 434 million.

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Ymens launches new ERP for Romanian mid-caps

Ymens, the first cloud broker in Romania, launches Ymens ERP, an Enterprise Resource Planning cloud application powered by one of the ERP and cloud service providers, SoftOne.

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Isarescu: Economy will grow above potential, uncertainties remain

Romanian economy will grow above potential, especially due to a rise in internal demand, but local and international uncertainties still dominate the market, says Romanian central bank governor, Mugur Isarescu.

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Teamnet, among top 5 standings in Deloitte Technology Fast 50 CE 2015 top

Teamnet, an IT system integrator with regional presence, was ranked fourth in the Big 5 2015 edition of the Deloitte Technology Fast 50 Central Europe.

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Healthcare IT outsourcing market is expected to grow at a CAGR of 9.17% by 2019

Healthcare IT outsourcing, the process of contracting IT-related services in hospitals and clinical laboratories to a third-party service provider, is expected to grow at a compond annual growth rate (CAGR) of 9.17% by 2019, according to a report published by Technavio.

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Candy Crush creator, with Bucharest office, bought for 5.9 bln. USD

Activision Blizzard is purchasing King Digital, maker of the popular mobile game Candy Crush, for a total equity value of USD 5.9 billion. King also has an office in Bucharest.

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Veritas gets ready to expand its Romanian operations

Veritas, the data management unit of Symantec recently bought by Carlyle Group, intends to expand its operations and team in Romania, says Vasile Aniculaesei, Territory Manager of the company.

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Romanian employers report the strongest hiring intentions in seven years

Employers in Romania report the most optimistic hiring intentions in the EMEA region in Q4/2015, according to the latest edition of the Manpower Employment Outlook Survey.

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Endava acquires Nickelfish to diversify its services

Enhancing its credentials in designing, building and running digital platforms for some of the world’s leading companies, Endava announces the acquisition of Nickelfish, a New Jersey based UX and interactive design firm.

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Romania sees office investments worth 600 mln euro at 9M

Romania posts an investment level of 600 million euro worth of office buildings under construction for the first nine months (9M) of 2015, according to Jones Lang La Salle (JLL).

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BPO and SSC investors target smaller Polish towns

Poland is not only limited to Warsaw or Cracow when the locations for middle sized BPO and SSC centers is considered. Among many attractive locations, the town of Czestochowa is ready to support the business services sector in further growth in Poland, writes outsourcingportal.pl

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Indian IT & services industry on track to reach USD 225 billion by 2020

Indian technology and services industry is on track to reach its goal of USD 200 billion to USD 225 billion in revenues by 2020 and furthermore, to reach revenues of USD 350 billion by 2025, said NASSCOM in its latest report, quoted by firstpost.com.

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IBM & financial service industry sign threat intelligence exchange

IBM is working with the financial services industry to increase collaboration and worldwide sharing of cyber threat intelligence across industries and organisations, writes cbronline.com.

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ABSL launches a master in partnership with ASE

The Association of Business Service Leaders in Romania (ABSL) announced the launch of Business Services 2 year-master program developed in partnership with The Bucharest-based Academy of Economic Studies (ASE).

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NEWS
SAP ranked first among Europe's most valuable brands in 2017

SAP, leading company in digital transformation, ranked 1st among Europe's most valuable brands, according to the 2017's edition of BrandZ Top 100 Most Valuable Global Brands, with a brand value of 45.194 billio

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Nokia invests 73 million Euro in expanding its campus in Timisoara

Finland-based company Nokia said it will be expanding its campus in western city of Timisoara with the biggest research and development (R&D) center in the Romanian telecom industry and the total investment exc

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Romania's Fribourg Capital launches 20 million Euro investment fund for startups

Romanian investment firm Fribourg Capital said it has launched Fribourg Digital, a 20 million Euro investment fund which targets startups in the IT sector, according to a company statement quoted by seenews.

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Avangate plans to hire 45 IT specialists for its office in Romania

Avangate, the global eCommerce and subscription billing platform for software, SaaS, and digital solutions, with Romanian roots, which recently acquired the 2Checkout global payment processor, will hire 45 IT s

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Qualitance made the FT's list of Europe's fastest-growing companies

The global technology innovation company with headquarters in Romania, US and Australia was ranked 612 on the list of 1000 European fast-growing firms, with a revenue growth of 165 per cent between 2012 and 201

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Colliers: More than 265,000 sqm of office area is scheduled for delivery in 2017

More than 265,000 sqm of office area is scheduled for delivery in 2017, broadly in line with the level received in 2016, according to the recently launched market report of Colliers.

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Societe Generale European Business Services reaches 1,000 employees in the shared service in Bucharest

Societe Generale European Business Services, the shared service center for Societe Generale Group, has reached 1,000 employees due to an accelerated growth over the last three years. Societe Generale European B

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Adecco: Romania sees 40 per cent increase of recruitment in Q1 2017

This year had the best start of the last decade, from the perspective of recruitment volumes, being recorded in Q1 a growth of over 40 per cent of the recruitment against the same period of last year, and t

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More than half of Romanian companies plan cybersecurity budget increase

According to a joint PwC Romania and Microsoft Romania survey launched recently, "Security in the Digital World", investments in cybersecurity are mostly driven by regulatory requirements instead of the organiz

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Cegeka Romania maintains growth and reaches 19 million Euro turnover in 2016

Belgian IT solutions provider Cegeka Romania posted a turnover of 19 million euro (85 million lei) in 2016, a 40 per cent boost compared to 2015, the company announced. Cegeka operates two offices in Bucharest

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The future is now - Review of Romanian Outsourcing Summit, 2017

Romania delivers services in 25 languages with more than 100,000 specialists employed in the outsourcing industry and business services, and based on an estimated growth of 15-20 per cent, it is estimated to re

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TELUS International Europe: How the travel and hospitality industry can get ahead with omnichannel customer service

For companies in the travel and hospitality industry, having an omnichannel strategy is becoming critical to compete in a complex market of both  Read Full article »

Genpact's COO: Staying ahead of the curve

Shibu Nambiar has over 18 years of experience in the services industry, covering roles in operations, project management, service delivery, product development, domain management and training.

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