HP and Bank of India Win Distinguished IT Outsourcing Award

HP and Bank of India Win Distinguished IT Outsourcing Award

HP and Bank of India today announced that the companies’ IT outsourcing engagement has been selected as the winner for the Outsourcing Center’s 2005 Outsourcing Excellence Awards “Best First Steps” category.

The Outsourcing Excellence Awards recognize IT and business process outsourcing vendors and their clients for excellent achievement. To select the winners, a panel of judges reviewed all components of relationship structures and outcomes achieved among all of the nominations.

The “Best First Steps” category honors the vendor and client that have taken exceptional initial steps toward achieving the client’s outsourcing goals. The prestigious award, sponsored by Outsourcing Center and Everest Group, was presented at the 2005 Outsourcing Excellence Awards ceremony in conjunction with the Sourcing Interest Group (SIG) semi-annual conference, held last night at the Marriott’s Camelback Inn in Scottsdale, Ariz.

Bank of India decided to outsource its IT environment to HP because it recognized that IT was necessary to increase productivity, standardization and drive competitive advantage, as well as to provide a unified interface for customers and produce faster time to market for new products and services.

Since IT was not a core competency, Bank of India decided to engage HP, which now provides IT outsourcing services, including the implementation and management of a core banking solution across Bank of India’s 750 branches in India.

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