Europe inked 41 percent of the outsourcing contracts during the second quarter and offshore captive growth continued to surge during the period, according to the Everest Research Institute's quarterly report on global outsourcing and offshoring activity.
According to the Institute's newly released Market Vista: Q2 2008 report, 417 outsourcing contracts were signed in the first quarter. Publicly disclosed transactions during the quarter are valued at US $2.6 billion in annual contract value (ACV). Seventy percent of the contracts were for IT Outsourcing (ITO) and 28 percent for Business Processing Outsourcing (BPO) engagements.
The Institute's Q2 report also features profiles outsourcing activity in Central and South America with an analysis that concludes labor savings will not be sustainable for Brazil, Chile and Mexico in five to ten years.
