Canada Has Nearshore Expertise; Everest Hires Peter McAdam to Head Everest Canada.Business Editors DALLAS--(BUSINESS WIRE)--May 18, 2004 Everest Group, a global outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. advisory firm, hired Peter L. McAdam as President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Everest Canada. Everest has been working with Canadian clients since 1998 and opened its Canadian office in Toronto in 2002. "Canada is the second largest buyer of outsourcing services, after the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . It is an important market for every outsourcing advisory firm. We are excited to have an executive with such deep outsourcing experience leading our Canadian office," said Peter Bendor-Samuel, Everest CEO. McAdam has been with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and IBM Global Services IBM Global Services is the world's largest business and technology services provider. It is the fastest growing part of IBM, with over 190,000 professionals serving customers in more than 160 countries. , an outsourcing supplier, since 1988. He helped launch IBM Global Services in Canada in 1997. "American companies often prefer Canadian service providers when they consider nearshore near·shore n. The region of land extending from the backshore to the beginning of the offshore zone. near outsourcing," said Todd Furniss, Everest COO. "McAdam clearly understands the workings of this important segment of the market." Furniss pointed out that McAdam has worked with companies of all sizes during his IBM career. As General Manager Mid-market Services (Canada) he was responsible for establishing and growing market share for IBM Global Services in IT outsourcing, consulting, and technology services. As Director of US Mid-Market Strategic Outsourcing, he was responsible for sales and technical support for IT infrastructure outsourcing services. In his last position at IBM as Director and Client Solution Executive, he lead multi-disciplinary, international teams in the negotiation of strategic partnerships of $200 million and greater. His experience includes health sciences, insurance, and telecommunications outsourcing. "Everest is a well recognized authority in helping clients take advantage of the benefits of outsourcing. I am thrilled to have the opportunity to lead its efforts in the Canadian marketplace," McAdam says. About Everest: Everest Group is a Dallas-based global outsourcing advisory firm with offices in Toronto; Sydney, Australia; and Delhi, India. Everest's mix of experiential ex·pe·ri·en·tial adj. Relating to or derived from experience. ex·pe  ri·en and analytic consultants is unique among outsourcing advisors. For more information, visit www.everestgrp.com.
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