Sri Lanka IT/BPM achievements shortlisted for European Outsourcing Award

Thursday, 24 April 2014 00:30 -     - {{hitsCtrl.values.hits}}

Hot on the heels of its recent outstanding achievement of having been selected as the Offshoring Destination of the Year 2013 by the National Association for Outsourcing (NOA) in UK, Sri Lanka’s outsourcing industry has achieved another significant achievement by getting shortlisted for the Offshoring Destination of the Year Award by the European Outsourcing Association. The EOA Awards (EOAAs) now in its fifth year recognises and celebrates the efforts of companies and individuals who have demonstrated best-practice in outsourcing. The Awards bring the best and brightest of Europe’s outsourcing industry together, featuring a range of suppliers, end-users and support service providers and affiliate organisations from the UK, Austria, France, Germany, the Netherlands, Belgium, Italy and Spain, to reward European outsourcing successes. CEO of the NOA, which manages the activities of the EOA, Kerry Hallard, said: “Once again the EOA Awards has seen a record-breaking year for submissions, featuring a host of best-practice examples from across the European outsourcing industry. I am delighted to see such variety and detail within this year’s entries, which goes to show the level of talent and professionalism that exists within our industry. All shortlisted applicants should be incredibly proud to have reached this stage.” Expressing his views on Sri Lanka’s shortlisting for this year’s EOAAs in the Offshoring Destination of the Year Category, SLASSCOM Chairman Madu Ratnayake stated: “We are delighted to be shortlisted for the European Outsourcing Awards right on the heels of victory at the UK Outsourcing Awards. Sri Lanka offers a very compelling value proposition for European businesses as an outsourcing destination. Especially for Software Product Engineering and Financial Accounting Outsourcing (FAO) Sri Lanka is one of the best partners for Europe. Europe remains an important market for Sri Lankan Outsourcing companies and being short listed for this award is a singularly important achievement for the country. We hope the visibility that Sri Lanka gets with this shorting would encourage European companies to explore the tremendous potential Sri Lanka has to offer.” Ranked among the Top 25 Global Outsourcing destinations by AT Kearney and among the Top 20 Emerging Cities by Global Services, Magazine, the Sri Lankan environment is highly conducive for allowing global enterprises to enjoy premium access to a high quality talent pool for small to medium scale engagements whilst establishing high-in-demand niche competency centres. Sri Lanka acts as an off-shore development centre and joint venture development centre to several Fortune 500 companies and industry leaders from the North American continent, Great Britain, Australia, Sweden, Norway, and Japan. Foreign entities that have invested in Sri Lanka have already begun to tap the local talent; HSBC, Industrial & Financial Systems (IFS), Amba Research, RR Donnelley, WNS,Virtusa, Pearson,Valista, Millennium Information Technology (owned by London Stock Exchange), and Innodata Isogen are overseas investors that have become firm believers. However, there are also over 300 other local IT companies such as Informatics, hSenid, John Keells, DMS that also operate within a fiercely competitive environment. Among globally recognised customers of Sri Lankan ICT products and services are names such as JP Morgan, Google, Microsoft, Qatar Airways and Emirates.