Outsourcing excellence award for HP, Bank of India

The IT offshoring engagement between computer solutions major Hewlett Packard (HP) and Bank of India has won the 2005 Outsourcing Excellence Awards in the "Best First Steps" category.

The Outsourcing Excellence Award, an annual programme developed by the Dallas-based Outsourcing Center, recognize IT and business process outsourcing vendors and their clients for excellent achievement.

A panel of judges reviewed all components of relationship structures and outcomes achieved among all of the nominations.

The "Best First Steps" category honours the vendor and client that have taken exceptional initial steps toward achieving the client's outsourcing goals.

The 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 Wednesday in Scottsdale, Arizona.

Bank of India (BOI) 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."