Outsourcing News

SS&C Technologies Announces Record Revenue Numbers for 2005
SS&C Technologies, Inc.(www.ssctech.com), a global provider of financial services software and outsourcing solutions, today announced record revenue results for the fourth quarter and full year ended December 31, 2005. Reported revenue on a GAAP basis for the fourth quarter and the year 2005 was $47.4 million and $161.6 million, respectively.

Annan proposes drastic reforms in United Nations
Aiming to make the United Nations more effective and accountable, Secretary General Kofi Annan has proposed drastic reforms in the world body, including outsourcing of some of its work and creation of a 2,500 strong rapid action force to help millions of victims of hunger, conflict and terrorism.

Utilities M&A Frenzy Will Drive IT Services Spending
The utilities industry is one of the most rapidly consolidating sectors both in the US and Europe, with the markets giants looking to expand their presence in new territories and service lines. This trend, combined with a recent surge in utility companies outsourcing activity that has seen several notable mega-deals, presents huge opportunities for IT services vendors.