i-Vantage Reports Significant First Quarter Revenue Growth.Business Editors/High-Tech Writers CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 26, 2004 Small and Mid-Size Businesses Look to Company for 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. , Insourcing (1) Doing work with inhouse employees. Contrast with outsourcing. (2) Creating jobs in your country by an organization that is foreign owned. Contrast with outsourcing. Services to Maintain Competitiveness, Fuel Growth i-Vantage, Inc., a Boston-based provider of IT-enabled solutions, today announced a 96 percent growth in Q1 revenue over the previous year's first quarter. Strong demand from small businesses for Global InServe, i-Vantage's unique outsourcing solution, resulted in Q1 earnings that far surpassed the quarter's targeted expectations. Among the new customers i-Vantage won in the first quarter are an Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the search engine company and a data-warehousing company. 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. "i-Vantage continues to attract new customers and grow revenue, despite the rhetoric and large amount of misinformation mis·in·form tr.v. mis·in·formed, mis·in·form·ing, mis·in·forms To provide with incorrect information. mis prevalent in current public outsourcing discussions," said Amit Maheshwari, 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 i-Vantage. "Our growth and expanding customer list is a testament to the value of outsourcing for large and small businesses. We expect more companies will evaluate outsourcing solutions for their specific business challenges as they become more familiar with its benefits." About i-Vantage i-Vantage, Inc. is a Cambridge, 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 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. . 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 leverage offshore resources by helping them plan, create and manage their own offshore-based Global Delivery Centers (GDCs). i-Vantage's main customer segments are technology and software companies, business process outsourcers and IT consulting companies. |
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