Business unit TPI to advise Chinese Ministry of Commerce and China Council for International Investment Promotion on expanding IT and business process outsourcing
STAMFORD, Conn., May 14 /PRNewswire-FirstCall/ -- Information Services Group, Inc. (Nasdaq: III, IIIIU, IIIIW), an industry-leading, information-based services company, today announced that its business unit TPI, the largest sourcing data and advisory firm in the world, has entered into a Memorandum of Understanding with the Chinese Ministry of Commerce (MOFCOM) and strengthened its relationship with the China Council for International Investment Promotion (CCIIP) by entering into a strategic cooperation agreement.
Under the agreements, TPI will advise MOFCOM and CCIIP on accelerating the growth of the country's emerging IT and business process outsourcing sectors. TPI will assist MOFCOM and CCIIP with their efforts to expand and enhance the pool of talent in China, nurture globally competitive service providers and attract business from multinational companies. In addition, MOFCOM and CCIIP will assist TPI with promoting its growing capabilities in China to industry participants.
'The China Council for International Investment Promotion is pleased that TPI is working with us to promote development of the outsourcing industry in China,' said Madam Zhou Ming, Executive Vice President and Secretary General, CCIIP. 'As the leading sourcing advisor around the world, TPI's presence confirms the increasing importance of China in the global outsourcing industry. We expect TPI's knowledge and balanced view of both service providers and service buyers to help move outsourcing in China to the next level.'
Said Michael Rehkopf, TPI Partner and Head of TPI China: 'Working with CCIIP as well as MOFCOM, we will help strengthen both the buy and sell sides of the Chinese outsourcing industry. We believe these efforts will increase the confidence of multinational companies to look to China to meet their sourcing needs.'
The agreements underscore TPI's leadership globally and in the fast-growing Asia-Pacific region as well as its reputation for deep knowledge of the global outsourcing industry. Last month, TPI formally launched in China with the opening of its Hangzhou-based Training and Assessment Center, which will address the growing demand for information products and advisory services from both buyers and sellers of outsourcing in the region.