The World is Flatulent
Posted by Susan Scrupski on March 30, 2006
So I went to my first outsourcing conference this week in New York after five years. If I hear one more reference to Mr. Friedman's book, I'm going to start to become disrespectful. Can we please move on to the next pop business fad? There was even an Indian offshore company raffling off the book as a giveaway at their exhibit table.
I have to admit the offshore phenomenon has thrown a wild curve into what used to be an apple pie, all-American business. When you got outsourced by EDS, CSC, or IBM, a Democrat might have lost their job to a Republican, but that was about the end of the political strife. It's a whole different ball game today. I'm exploring my conscience on this one. I haven't read Friedman's book, but I did break down and buy it this week. I hope I find some answers there; but my gut is telling me we're headed for a stormy season in rationalizing why this is a good development in our industry. Am I alone here? Am I missing the big picture?
I think I may be missing something because serendipitously, I sat at the conference (twice, in fact) next to this really well dressed, attractive guy. Now, please understand, really well dressed, attractive guys almost never go to outsourcing conferences (unless they work for a vendor like Oracle or IBM or something). The guy looked Ivy League or like he lived in Connecticut– you know the type. Glancing at his badge, I saw that he was from GAP (General Atlantic Partners), the venture capital firm. Of course, that made sense. When I saw him the second time, I had to ask him why he was at the conference. He told me he was there because one of his companies was presenting, Genpact. In fact, GAP has made investments in two large Indian offshore firms, the other being Patni. He told me he did work in Stamford and that he works with Jim Madden, who as you should remember, was CEO of Exult, another GAP company that was sold to Hewitt, which is a GAP company. Madden is now at GAP.
The bottom line is. I always take my clues from the smart money. If GAP is invested in India, then the offshore thing is not going away. I guess it's like I tell my 9-year old son when he doesn't like a particular outcome or development, "Deal." I feel like I'm reacting (albeit internally) the same way my 9-year old reacts.
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