iTech Bridge

Online information support of High Tech outsourcing and resource exchange activities of all over the world.

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Location: Beverly, Massachusetts, United States

Wednesday, November 08, 2006

A New Release of the iTech Bridge Sourcing Portal is Launched

iTech Bridge Company launches a new version of the international portal that targets SME market of knowledge, development, business process and service sourcing in high- tech area.

Globalization of high-tech research and development (R&D) makes information support of various sourcing processes very important. The main objective of the iTech Bridge portal (www.itechbridge.com) is providing such support, mainly, for offshore outsourcing.

“It is known that in now days, the outsourcing applies not only to core R&D work”, says Anatoliy D. Milner, iTech Bridge president and project leader. “This is the reason why our portal also focuses on other kinds of outsourcing, primarily, such as business process outsourcing (BPO), knowledge process outsourcing (KPO), and application service outsourcing (ASO). The latter one includes the software-as-a-service (SaaS) model. In other words, we support outsourcing of all processes in the high-tech area except for manufacturing”.

As far as the R&D projects, the company emphasizes that there are two main distinctive features of the iTech Bridge portal. Firstly, the portal orients not only on resources for software projects but also on projects in other high- tech areas, for example, nanotechnology. “However, despite that fact, at the moment, iTech Bridge pays more attention to information technology”, Anatoliy Milner explained. “There are software and hardware for computers, telecom, and robotics, other horizontal and vertical domains, including OEM ”. For some IT projects, engineering service outsourcing (ESO) may become also important.

Secondly, Anatoliy Milner says, we support not only traditional outsourcing (transferring a project/job/process for implementation by an outside provider) but also in-sourcing and joint-sourcing activities, such as investments, merging and acquisition, other ways of collaboration. “According to our terminology, in-sourcing is transferring project implementation resources (workforce, ideas, and other intellectual properties) from outside. Sourcing processes (outsourcing, in-sourcing, or joint-sourcing) may also include market-oriented engineering”, he explains, “at iTech Bridge, this kind of engineering means finishing development of a product prototype or a local market product, so that it becomes suitable for the wider market (region or even the global market). This is applicable to countries that have a lot of qualified technical and scientific resources but are lacking in ability to market products in an effective way.

iTech Bridge targets mainly small to mid-sized entrepreneurial(SME) market”, Anatoliy Milner comments. The Beverly, MA based company that he leads, is founded by the IT specialists who have extensive computer engineering, software development, and publishing experience in both Ukraine and the United States. The iTech Bridge Company is a member of the Silicon Taiga alliance (Russia). The company’s president works also as the representative of the Ukrainian Association of Software Developers (UASWD) in the USA. “Naturally, we started from this region”, he said, ’’but currently, the iTech Bridge database consist of almost 700 companies and specialists from more than 25 countries”.

“What attracted us to the iTech Bridge portal is the idea of combining different sourcing processes under one roof”, Simon Moldavskiy, president of UASWD said, “that was the reason why we have decided to support the Portal”.

Creators of iTech Bridge continue to view portal’s versions as pilot editions. According to Anatoliy Milner, a commerce edition of iTech Bridge will be released in the next year. Indian Inkorus Solutions, Inc., a well-known player of the global outsourcing market is developing it. “Anyway, our users may be sure that all new releases will be fully compatible with old ones”, he added.

“We also liked the iTech Bridge model”, Vikas V.Gupta, CEO of Inkorus Solutions , said, “and we agreed to participate in this project. Our company is confident that the new Indian-Ukrainian initiative takes its niche on the competitive high-tech sourcing market. We are also interested in the portal as connection between our company and quickly developing outsourcing market of Eastern Europe.”

In general, the iTech Bridge model is based on four professional related concepts: social networking, news and knowledge aggregation, resource marketplace, resource marketplace, offshoring placement & consulting services.

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