CEEOA announces the launch of new information analytical portal about IT outsourcing in the Central and Eastern European countries, ITOnews.eu http://itonews.eu.

The main objectives of portal ITONews.eu are to form the complete view on the potential of the CEE region, the promising cluster for outsourcing services provision, and to create the common information flow about IT outsourcing from Central and Eastern Europe.

The website has a new look and additional features designed to improve usability. The new cleaner and less cluttered design allows for easier navigation and provides enhanced functionality. Intuitive navigational tools, new fonts, and updated graphics and layouts will help site visitors access information more quickly and easily.

Visitors to the site are able to explore the region for the updates and developments IT outsourcing industry through news, press-releases, publications, videos, analytic materials. ITOnews.eu also contents useful articles and other interesting information and shows the activities of companies from the region the most widely and impartially. General information about CEE countries with data about markets volume, number of companies and employees is placed in separate profiles that allows as more detailed as possible to learn about advantages of each country, regional news are devided by countries as well. Users can find the information about past and upcoming outsourcing regional and global events on the website. There is also a quick access to other CEEOA projects such as catalogue of IT outsourcing companies from Central and Eastern Europe – ITOlist.eu (http://itolist.eu).

Recognizing the importance of online communication, different social media components were integrated to the ITOnews.eu portal that allows for sharing the information in social networks like Facebook, LinkedIn, Twitter, etc and though many other social media tools.

Having a well-organized and well-built website is a vital tool for any organization, product or service to showcase its ability to deliver compeling communication. It is supposed that portal ITONews.eu will become the indispensable information source for consumers of professional outsourcing services that are interested in business development or finding partners in Central and Eastern Europe, as well as for analysts.

About ITOnews.eu

ITONews.eu (http://itonews.eu) is information analytic platform about IT outsourcing in the countries of Central and Eastern Europe. ITONews.eu is the project of Central and Eastern European Outsourcing Association (CEEOA).

The main objectives of portal ITONews.eu are to form the complete view on the potential of the CEE region, the promising cluster for outsourcing services provision, and to create the common information flow about IT outsourcing from Central and Eastern Europe.

ITOnews.eu is interested in collaboration with companies and associations operating in the IT outsourcing industry in the CEE region and accept news and press-releases for the publication. Please send your articles for the publication on our website to press@itonews.eu.

Source:http://www.onlineprnews.com/news/171821-1317125846-ceeoa-launches-the-new-information-analytical-portal-about-it-outsourcing-in-the-cee-region.html

Clutch Group, a leading global provider of legal solutions, was ranked as a top provider of Legal Process Outsourcing (LPO) in the “Global 2011 Client’s Guide” from Chambers, an industry-leading researcher and provider of legal directories.

Clutch Group was commended as a “well-established LPO provider” for its market penetration, carrying out extensive legal support work from its offices and delivery centers across the globe.

“As the LPO sector continues to grow, we continue to look for innovative solutions to serve our global clients,” said Clutch Group CEO Abhi Shah. “We are thrilled to be recognized by Chambers and Partners and we will continue to strive to exceed the expectations of our clients.”

Chambers Global has been researching the legal markets of over 180 countries for more than two decades, identifying the leading legal services providers worldwide. The firm’s sterling reputation is based upon the independence, accuracy and objectivity of their research.

In addition to recognizing Clutch as a leader in LPO, this award highlights the group’s extensive experience in multilingual document review on behalf of international law firms, and global retail banks. “The global banking sector has gone through a geometric change since the 2008 crisis. In our ranking Chambers has recognized our unique role in pioneering new services that allow our financials services clients to address the growing regulatory complexity of their environment. We were born out of the financial services industry and we will continue to be a source of innovation for the market, ” said Mike Ross, Chairman of Clutch Group’s Advisory Board and former General Counsel of Citibank.

Research for the rankings include in-depth interviews with clients and with lawyers over the telephone, each one lasting about half an hour. The qualities on which rankings are assessed include technical legal ability, professional conduct, client service, commercial astuteness, diligence, commitment, and other qualities most valued by clients.

Source:http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/09/27/prweb8829554.DTL

Mega fund managers, managing between $100 billion and over a trillion dollars, are neutral on the outsourcing and IT services companies. During the June quarter, mega fund managers together sold a net $2.26 billion from their prior $114.81 billion position in the group, selling $6.64 billion and buying $4.38 billion worth of stocks. Furthermore, they hold $112.55 billion in stock of companies in the group, about equal-weight versus the weighting of the group in the overall market.

A majority of the hedge fund and mutual fund managers included in the mega funds list manage well over $100 billion in U.S. equity assets, with some managing between $50 and $100 billion. The list includes prominent managers such as Wellington Management ($1.6 trillion in total assets under management), Vanguard Group ($1.4 trillion), Fidelity Investments ($640 billion), T Rowe Price ($330 billion), and Goldman Sachs Asset Management ($580 billion), among others. The following are the outsourcing and IT services companies that these mega fund managers are most bullish and bearish about (see Table):
Mega Funds Bearish on International Business Machines (IBM): As would be expected, all mega funds (#31) have a position in IBM, and together they hold $60.3 billion or just under a third of the outstanding stock of the company. However, in the June quarter, mega funds unloaded a net $2.58 billion of IBM stock, buying $278 million and selling $2.86 billion worth of stock.

Major sellers included Capital World Investors ($509 million), Wellington Capital Management ($335 million), Janus Capital Management ($316 million), T Rowe Price ($251 million) and Capital Research Global Investors ($244 million). The largest holders of IBM stock include State Street Corp. ($10.91 billion) and Vanguard Group (8.34 billion).

Mega Funds Neutral on Accenture (ACN): Almost all mega funds (29#) have a position in ACN, and they are over-weight the stock as together they hold $15.08 billion or just under half of the company. In the June quarter, mega funds unloaded a net $735 million in ACN stock. Mega funds with the largest position in ACN include MFS Investment Management ($1.92 billion), Fidelity Investments ($1.85 billion) and T. Rowe Price ($1.76 billion).

Mega Funds Bullish on Automatic Data Processing (ADP): ADP provides business process outsourcing services to employers, dealers, and professional employer organizations worldwide. Almost all mega funds (#29) have a position in ADP, and together they added a net $181 million to their $9.48 billion prior quarter position in ADP. Furthermore, they are over-weight ADP as together they hold $9.66 billion of ADP or just over 40% of company stock. Major holders of ADP include Wellington Capital Management ($1.14 billion), Capital Research Global Investors ($1.03 billion), Vanguard Group (1.02 billion), State Street Corp. ($1.01 billion) and State Street Corp. ($960 million).

Mega Funds Bullish on Cognizant Tech Solutions (CTSH): CTSH provides custom IT Consulting, Technology and Outsourcing Services for companies. Almost all mega funds (#28) have a position in CTSH, and together they added a net $416 million to their $7.40 billion prior quarter position, adding $512 million and cutting $96 million worth of CTSH stock. Furthermore, they are over-weight CTSH as together they hold $7.8 billion or over 40% of company stock. Major buyers of CTSH during the June quarter include Wells Fargo & Co. ($108 million), State Street Corp. ($63 million) and Deutsche Bank AG ($63 million); and the largest holder of CTSH by far is Fidelity Investments ($1.59 billion).

Mega Funds Bearish on Infosys Ltd. (INFY): INFY is an Indian provider of software re-engineering, systems integration, infrastructure management and other IT services. A major portion of the mega-funds (#25) have a position in INFY, and together they are under-weight the company as they hold $1.80 billion or just over 6% of company stock. Furthermore, during the June quarter, they unloaded a net $205 million of stock, selling $293 million and buying $89 million worth of stock. Major sellers of INFY included Wellington Capital Management ($121 million) and Fidelity Investments ($49 million).

Mega Funds Bullish on Paychex Inc. (PAYX): PAYX provides payroll, human resource and employee benefits outsourcing services via more than 100 offices in the U.S. Almost all mega funds (#29) have a position in PAYX, and together they are over-weight PAYX and hold $3.36 billion or just over a third of the outstanding shares. Furthermore, during the June quarter, they added a net $159 million of PAYX stock. Major holders of PAYX include Capital World Investors ($749 million), Vanguard Group ($333 million) and State Street Corp. ($317 million).

Mega Funds Bullish on Computer Sciences Corp. (CSC): CSC provides IT, business process outsourcing and professional services to enterprises and the U.S. government. Twenty-five mega funds together hold $1.99 billion worth of stock or just over 44% of the company, and in the June quarter, they added a net $121 million in CSC stock. Major holders of CSC include Dodge & Cox ($468 million) and T. Rowe Price (419 million).

Mega Funds Bullish on Amdocs Ltd. (DOX): DOX provides business support system software to service providers in the communications, media and entertainment industry. Twenty-four mega funds together hold $1.62 billion worth of stock or just under a third of the company, and in the June quarter, they added a net $75 million to their holdings. Major holders of DOX include Janus Capital Management ($345 million), Ameriprise Financial ($313 million) and Fidelity Investments ($258 million).
Table

General Methodology and Background Information: The latest available institutional 13-F filings of over 30+ mega hedge fund and mutual fund managers were analyzed to determine their capital allocation among different industry groupings, and to determine their favorite picks and pans in each group. These mega fund managers number less than one percent of all funds and yet they control almost half of the U.S. equity discretionary fund assets. The argument is that mega institutional investors have the resources and the access to information, knowledge and expertise to conduct extensive due diligence in informing their investment decisions. When mega Institutional Investors invest and maybe even converge on a specific investment idea, the idea deserves consideration for further investigation. The savvy investor may then leverage this information either as a starting point to conduct his own due diligence.

Credit: Historical fundamentals including operating metrics and stock ownership information were derived using SEC filings data, I-Metrix® by Edgar Online®, Zacks Investment Research, Thomson Reuters and Briefing.com. The information and data is believed to be accurate, but no guarantees or representations are made.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Disclaimer: Material presented here is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion. Further, these are our ‘opinions’ and we may be wrong. We may have positions in securities mentioned in this article. You should take this into consideration before acting on any advice given in this article. If this makes you uncomfortable, then do not listen to our thoughts and opinions. The contents of this article do not take into consideration your individual investment objectives so consult with your own financial adviser before making an investment decision. Investing includes certain risks including loss of principal.

Source:http://seekingalpha.com/article/296070-mega-fund-manager-top-buys-and-sells-in-outsourcing-and-it-services