Avasant Named as 'World's Best Outsourcing Advisor' in Fortune Magazine/IAOP List


LOS ANGELES, April 28, 2009 (GLOBE NEWSWIRE) -- Avasant, a leading management consulting firm specializing in both sourcing advisory and globalization services, has been recognized by the International Association of Outsourcing Professionals (IAOP) in its top ranking of "World's Best Outsourcing Advisors." The full study was published in Fortune Magazine, May 2009 issue.

Avasant is a global strategy and sourcing advisory firm that helps clients navigate the complete lifecycle of IT, Business and Knowledge Processes sourcing solutions through an experienced team of management consultants, advisors, and lawyers. Avasant offers advisory services for developing sourcing strategies, executing sourcing transactions and managing sourcing relationships.

"It is always an honor to be recognized as a "World's Best Sourcing Advisor," said Kevin Parikh, CEO of Avasant. "This is further proof that, even in tough economic conditions, our clients see tremendous value in the services offered by Avasant."

Chairman of IAOP, Michael Corbett, cited a "rigorous and independently judged process" to determine the top candidates. The Fortune feature will also include rankings for IAOP's Global Outsourcing 100 list, which recognizes the world's best outsourcing service providers.

For more information about Avasant, please visit www.avasant.com.

About Avasant

Avasant (formerly Stradling Global Sourcing) is recognized for the second consecutive year as the "#1 BPO" strategic sourcing advisory firm by the Black Book of Outsourcing. Avasant engages in strategy development, transaction execution, and outsourcing management. The company's global sourcing services include information technology outsourcing, business process outsourcing, knowledge process outsourcing, green sourcing, and private equity solutions. Its globalization services include mergers and acquisitions, G2Market services, risk management services, global execution strategy, global legal services, and private equity consulting. The company serves various industries, including energy, financial services, manufacturing, medical and life sciences, technology and telecommunications, and retail, as well as defense and the public sector. Avasant, LLC has locations in Los Angeles and San Diego, California; Chicago, Illinois; New York and Mumbai, India (see corporate locations below):

About IAOP

The International Association of Outsourcing Professionals(tm) (IAOP(tm)) is the global, standard-setting organization and advocate for the outsourcing profession. With 40,000 customer, advisor and provider members worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit www.outsourcingprofessional.org.

About Fortune magazine

Fortune is a global business magazine that has been revered in its content and credibility since 1930. Published biweekly, every issue is completely saturated with profoundly deep and extensively detailed analyses of the entire field of business, including specific companies, tendencies, prominent people, and new ideas that are characterizing the modern world. Fortune magazine is particularly well-known for its exceptionally reliable annual rankings of companies. Examples of these highly researched features are the "Fortune 500," which ranks the world's companies by gross revenue, and the "Best Companies to Work For," both of which have become industry benchmarks. This publication furthers understanding of the economy, provides implementable business strategy, and maximizes ability to make objective decisions. Fortune magazine is prized in its category of magazines and has been proven a reliable source of integral knowledge.


            

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