Covansys Corporation & Leading IT Industry Analyst Host Los Angeles Seminar On Strategic Global Outsourcing.Business/Technology Editors LOS ANGELES--(BUSINESS WIRE)--Oct. 24, 2001 Giga Analyst Stephanie Moore To Discuss Using Offshore Outsourcing Resources To Capture Better, Faster and More Cost-Effective IT Solutions Covansys Corporation This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CVNS CVNS Concert Virtual Network Service CVNS Aircraft Carrier Navigation System CVNS Cardiovascular Neurological Services CVNS Continuous-Valued Number System ), a global technology services company, will host a complimentary breakfast seminar on Wednesday, Nov. 7 to help information technology executives in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. area understand how enterprises can best tap the strategic value presented by offshore outsourcing Offshore outsourcing is the practice of hiring an external organization to perform some business functions in a country other than the one where the product or service will be sold or consumed. capabilities in today's IT market. The complimentary breakfast seminar, designed for a variety of corporate professionals including CEOs, CFOs and CIOs, will be held from 7:30 a.m. to 9 a.m. at the Park Hyatt, 2151 Avenue of the Stars, Los Angeles. The event's keynote speaker will be industry analyst Stephanie Moore, the offshore outsourcing expert for Giga Information Group. In the current economic climate, more and more enterprises are considering outsourcing certain IT work as a way to stretch shrinking IT budgets and allow their internal staff to focus more energy on competitive technology initiatives. The Covansys seminar, entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Strategic Global Outsourcing: How To Lower Your IT Costs Without Increasing Your Risks," will provide a clear, comprehensive look into leveraging resources outside 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. to reduce cost, and improve quality and time to market for enterprise IT projects. Ms. Moore's keynote remarks will be followed by a brief introduction to Covansys, a 16-year-old Michigan-based IT company specializing in strategic outsourcing, Web-to-Enterprise Integration (WEISM) and industry-specific solutions. Covansys maintains California offices in Glendale, Milpitas and Sacramento. Covansys has a decade-long track record of success in providing domestically managed offshore outsourcing for more than four dozen top companies, including Ford Motor Company and Henry Ford Health Systems. "Offshore outsourcing receives a great deal of attention during tough economic times, but more and more enterprises are discovering that reducing total IT expense without compromising quality makes sense in any economy," said Covansys Chief Executive Officer Michael Bealmear. "The technology economy is a global economy. We're finding that geographic boundaries and time zones are taking a backseat to the need to get the job done right, within budget and on deadline." Last year, more than a third of all Fortune 500 companies outsourced technology projects to India. On the whole, U.S. companies spent $5.5 billion on offshore outsourcing in 2000 - and analysts expect that figure to more than triple by 2005. Covansys began operations in India in 1991 through a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . Today, it offers three offshore development centers in India, with a staff of more than 1,500 providing expertise and capabilities in application development, maintenance, migration and integration. Its facilities are one of the few in the world to hold the Software Engineering Institute's CMM (Capability Maturity Model) A process developed by SEI in 1986 to help improve, over time, the application of an organization's supporting software technologies. (R) Level 5 quality rating. Those interested in attending the seminar may register at: http://events.covansys.com//outsourcing or call 1-866-475-0193. About Covansys Corporation Covansys Corporation (Nasdaq: CVNS) is a global technology services company specializing in Web-to-Enterprise Integration (WEISM), industry-specific solutions and strategic outsourcing. Since its founding in 1985, Covansys has successfully delivered fast, focused, high-quality yet cost-effective business and technical solutions, building a professional heritage that bridges Old World legacy systems and the New Economy's leading-edge e-business technologies. With one of the largest offshore capabilities of any U.S.-based technology services provider, Covansys is one of the few companies in the world to achieve the SEI's CMM(R) Level 5 quality rating at its offshore development centers in India. Headquartered in Farmington Hills, Michigan Farmington Hills is the most populous city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit and is known for it's affluence, excellent schools, great housing stock, luxury homes and a center of business in Oakland County and Metro Detroit. , Covansys was named one of the top 500 solution providers in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. in 2001 by VARBusiness magazine. Visit our website at: www.covansys.com. |
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