i-Vantage Announces Company's First International Customer with Acuma Solutions Limited.Business Editors BOSTON--(BUSINESS WIRE)--June 7, 2004 i-Vantage's Unique Business Development Solution Helps European Consultancy Cultivate cul·ti·vate tr.v. cul·ti·vat·ed, cul·ti·vat·ing, cul·ti·vates 1. a. To improve and prepare (land), as by plowing or fertilizing, for raising crops; till. b. Competitive Advantage and Accelerate Growth i-Vantage, a leading business expansion enabler, today announced that it was chosen to create, facilitate and manage Acuma's new subsidiary based in Hyderabad, India. I-Vantage's Global InServe development solution will enable Acuma to achieve its growth objectives and maintain its competitive advantage. Acuma Solutions Limited is UK's leading provider of information management solutions. Acuma is using i-Vantage's 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. model to create an operational multinational company in an extraordinarily fast start-up time to garner growth, speed back-end IT processes and accelerate services to market. "After evaluating various offshore models, we selected i-Vantage for their unique in-sourcing solution that allows us to create our own subsidiary offshore, staffed with our own employees, culture and values," said David Ince, 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 Acuma. "Additionally, i-Vantage guides us through the entire process with a full range of services that are far more comprehensive than traditional outsourcers. i-Vantage's Global InServe model gives us the greatest flexibility in putting the right resources into important projects at the appropriate time, while allowing us to build our own core team of trusted employees in India." Global InServe enables companies to reduce operational costs while eliminating the traditional challenges associated with deploying and running an offshore operation. In addition, InServe accelerates speed to market and provides a competitive advantage in today's global marketplace. With the help of i-Vantage, these companies create wholly owned offshore subsidiaries that enable their customers to enjoy much greater access to and security of their intellectual property and proprietary information. "The increased attention on 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. in the media combined with the sluggish economy Sluggish Economy A state in the economy in which the growth is slow, flat or declining. The term can refer to the economy as a whole or a component of the economy, such as weak housing starts. has greatly increased the demand for our unique offshoring
Offshoring describes the relocation of business processes from one country to another. services," said Amit Maheshwari, CEO of i-Vantage. "One of the largest offshoring misconceptions Misconceptions is an American sitcom television series for The WB Network for the 2005-2006 season that never aired. It features Jane Leeves, formerly of Frasier, and French Stewart, formerly of 3rd Rock From the Sun. is that the economies of scale for offshore outsourcing only favor large companies, but with our help small and mid-size businesses are increasingly undertaking offshore initiatives for competitive and cost-savings reasons. With our services, companies of all sizes are able to responsibly leverage the benefits of outsourcing while eliminating many of the logistical lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation difficulties associated with managing an offshore subsidiary." About Acuma Solution Limited Acuma's business intelligence solutions provide the critical insight that helps organisations make informed decisions. Using Acuma's software products and range of expert, project-oriented consultancy services, clients are able to assess the health of their business, control costs, identify their most profitable customers and product lines and respond faster to customer demands and shifts in the market. Using sophisticated data extraction Data extraction is the act or process of retrieving (binary) data out of (usually unstructured or badly structured) data sources for further data processing or data storage (data migration). techniques; Acuma enables rapid delivery of cost-effective, customised solutions that create enhanced customer value by deriving the ultimate from their existing systems and technology. About i-Vantage i-Vantage, Inc. is a Boston, MA based consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a focused on helping customers leverage the "global village" for 24x7 cross boundary innovation, enhanced scalability and attractive economics. i-Vantage differentiates itself by providing an alternative to traditional offshore outsourcing. i-Vantage believes that U.S. and European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of companies from the countries in the European Union. can better leverage the offshore model by setting up their own shop there (known as the "do-it-yourself" model). Hence, it helps companies harness offshore resources by helping them plan, create and manage their own offshore-based Global Delivery Centres (GDCs). i-Vantage's main customer segments are technology and software companies, business process outsourcers and IT consulting companies. |
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