As more companies turn to outsourcing to alleviate budget issues and increase productivity, they are generating more business through multisourcing agreements in tandem with other firms. Through multisourcing, smaller firms are being given the opportunity to compete with larger organizations.
Early in 2006, General Motors announced a $15 billion, five-year outsourcing plan and awarded long-term contracts to a host of vendors, including EDS, Hewlett Packard, Capgemini, IBM, Compuware, Covisint and Winpro.
Private equity firms with cash flow are turning their attention to multiple small and midsize technology outsourcing firms to meet their needs. According to analysts, similar long-term contracts and the resulting stable cash flows make the companies attractive takeover targets for equity firms.
Servicing clients like these is the expertise of Quintek Technologies, a rapidly growing outsourcing firm based in Huntington Beach, Calif. Since 1991, the company has provided outsourced back-office services to Fortune 500 companies and federal agencies alike. Last year, Quintek posted a 418 percent increase in revenues.
Quintek is an industry leader in...
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