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Corporate America Moving IT Operations Offshore to Ease Financial Bind

10-23-2008 06:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Alsbridge, Inc.

/ PR Agency: Trizila Communications
Despite Criticism, U.S. Firms Look to Outsource More Information Technology Jobs Overseas, Says CEO of Outsourcing Advisors Alsbridge Inc.

October 22, 2008, Dallas, Texas - A Dallas based global company has its finger on the pulse of America's outsourcing plans. And "that pulse is beating a lot faster right now," says Ben Trowbridge, CEO and founder of Alsbridge, Inc.

With insight gained from years of advising companies on their sourcing plans, Trowbridge believes companies are scrutinizing information technology (IT) spending as never before, and, are much more likely to outsource some or all of their IT operations.

The current financial crisis has been a catalyst for companies to look at outsourcing. However, at the same time the presidential election campaign has sparked criticism of Corporate America's plans to outsource offshore. Outsourcing has become a campaign issue. For example, Democratic presidential nominee Barack Obama opposes outsourcing, saying, "We can keep giving tax breaks to companies that ship jobs overseas, or we can give tax benefits to companies that invest right here."

"U.S. firms must take strict control of their spending, but face political pressure to do so without outsourcing," says Trowbridge. "Corporate America is definitely between a rock and a hard place. Using outsourcing can be a defensive tactic designed as a cost savings or as a cost avoidance savings that can be redirected towards innovation in new products and services. It shifts the need for US based labor to innovative value added jobs that are the real wave. Innovation is what is key to our future."

Alsbridge is a Dallas-based independent advisory firm that helps companies conduct thorough evaluations of sourcing options for operating billions of dollars in IT investments and organizations.

For more information, www.Alsbridge.com.

About Alsbridge, Inc.

Alsbridge, Inc. is an award winning global advisory firm, providing unbiased advice and assistance on outsourcing, shared services and benchmarking. Alsbridge consultants bring extensive vertical industry expertise and a practical knowledge of all areas within information technology and business process outsourcing. Alsbridge's proven methodology incorporates proprietary collaborative sessions, bringing together executive teams from both the client and the provider in an environment that fosters success. Alsbridge, Inc. supports its recommendations and assistance through significant investments in proprietary benchmarking and ongoing research within the industry.

MEDIA ADVISORY

Ben Trowbridge, founder and CEO of outsourcing advisory firm Alsbridge, Inc., is visiting Chennai, India for meetings with clients and providers through Oct. 28. A polished and articulate speaker, Trowbridge can speak about global outsourcing and the current outlook in the wake of the worldwide financial crisis. Outsourcing to India is a major strategy of hundreds of American corporations. Trowbridge has access to Skype and international mobile phone to talk about on the state of outsourcing and offshore development in India.

Jo Trizila
Trizila Communications
5360 Legacy Drive, Suite 175
Plano, TX 75024
Phone: 972-247-1369

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