The A Consulting Team Engaged to Implement Offshore Dedicated Center to Leading Healthcare and Pharmaceutical Service Provider
02 March 2006 - 12:43AM
Business Wire
The A Consulting Team, Inc. ('TACT') (Nasdaq Capital Market: TACX),
an IT and Business Process Outsourcing (BPO) services provider to
Fortune 1000 companies, today announced that it has been engaged by
a leading provider of clinical research technology and services to
the pharmaceutical, biotechnology and medical device industries to
implement an offshore dedicated center ("ODC"). This is a follow-on
engagement that began in October 2005 with TACT providing IT
development services that included the development of centralized
reporting and quality assurance centers. The pharmaceutical,
biotechnology and medical device industries had taken a "wait and
see" attitude toward offshore services, but lately have been
demonstrating a growing interest in outsourcing centers in India.
This growing interest has been inspired by increasing pressures
from capital markets, pricing regulations, weakening pipelines and
patent expirations. "We are delighted at the opportunity to extend
our outsourcing capabilities in India to support this client's
needs. Our expertise in this area should serve to build a 'customer
for life' relationship with this client in years to come,"
commented Shmuel BenTov, TACT's Chairman and CEO. "Outsourcing to
these industries is already a very large market and we expect to
see significant expansion over the next few years." Sanjeev
Welling, Director of TACT Global Services, added, "TACT has built a
service offering for the life science sector, which is very timely
considering the growth in demand for offshore dedicated centers. As
more clients include ODC in their strategic plans, we expect that
they will recognize the incremental advantages of outsourcing
beyond just the cost saving benefits." Mr. Welling concluded, "We
appreciate our client's engagement and look at it as an
acknowledgement of TACT's commitment to offering cost-effective
business solutions and services backed by an expertise in
business-focused technology." About TACT TACT (Nasdaq Capital
Market: TACX) has built a reputation for cutting-edge IT Solutions
that is exemplified by its impressive roster of Fortune 1000
customers. TACT focuses on a business-oriented, value-added
approach to its end-to-end IT Services and Business Process
Outsourcing solutions. For over 20 years, TACT has enabled
significant ROI gains in Business Intelligence, Custom Application
Development, Strategic Sourcing, Support and Maintenance, Data
Supply Chain, Collaboration, Quality Assurance, Project Portfolio
Management, and other specific vertical solutions. TACT has offices
in New York City, Clark, New Jersey, and Bangalore, India. More
information about TACT(R) can be found at its web site at
http://www.tact.com "Safe Harbor" Statements under the Private
Securities Litigation Reform Act of 1995: Statements made in this
press release which are not historical facts, including those that
refer to TACT plans, beliefs and intentions, are "forward-looking
statements" that involve risks and uncertainties. These risks and
uncertainties could cause actual results to differ materially from
the forward-looking statements, and include, but are not limited
to, TACT's ability to scale its existing and any new businesses.
For a more complete description of the risks that apply to TACT's
business, please refer to the Company's filings with the Securities
and Exchange Commission. The Company's actual results may differ
materially from the results anticipated in these forward-looking
statements as a result of certain factors set forth under Risk
Factors and elsewhere in the Company's Annual Report on Form 10-K
with the Securities and Exchange Commission on March 25, 2005.
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