Word: sigelman
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Industry insiders say this cross-border deal could be a sign of things to come in India's booming outsourcing sector. "There's a growing amount of confidence and growing resources among these firms," says Joe Sigelman, co-CEO of OfficeTiger, which will reach $100 million in sales this year and may go public in 2006. Strong, small firms will swallow others to solidify their positions against Indian outsourcing giants like Wipro and Infosys, says Peter Bender-Samuel, CEO of Everest Group, a research firm. U.S. players like Accenture and IBM Global Services, meanwhile, have a new kind of competitor...
Another factor speeding things up is the development of an industry devoted to making outsourcing happen, thanks to entrepreneurs like Randy Altschuler and Joe Sigelman. Just five years ago, they were junior investment bankers at the Blackstone Group and Goldman Sachs, one in New York City, the other in London. During one particularly long night of proofreading PowerPoint slides and commiserating by phone about finding yet another error courtesy of their companies' in-house document service, they had an epiphany. They would find a better way of doing that work. This was at the height of the dotcom boom...
...entrepreneurs' families, not to mention Silicon Valley's venture capitalists, "were looking at us in a crazy way," Sigelman says, especially when he relocated to Madras. Five years later, as it moves into more complex work, OfficeTiger, with $18 million from British investors, plans to increase the number of its employees in India this year from 1,500 to 2,500 and more than triple its U.S. work force, from...
Nisha S. Agarwal, David W. Foster, Katherine H. Sigelman and Robin Wasserman, of Adams House; Thalia Chantziara, Benjamin S. Edelson, Daniel M. Loss, Jacob A. Lurie, Garrett B. Moritz, Patricia L. Santos and Flora Zhang, of Cabot House; Han Ping Davin Chor, Matthew S. Povich, Aziz F. Rana and Gregory M. Sulkowski, of Currier House; Nora F. Lehmann, Rebecca Reider and Nitzan Shoshan, of Dudley House; Rodrigo A. Cruz, Sara M. Jablon, Joseph C. Krupnick and James L. Young, of Dunster House; John W. Baxindine, Randolph A.G. Bell, Jacqlynn Duquette, Daniel J. Hopkins and Margot L. Minardi, of Eliot House...
...Sigelman said SFT found out about the change in The Harvard Gazette...