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Cloudmark
SafetyBar and Anti-Fraud Toolbar Win 2005 World Class Awards
from PC World
Read More
-->>
JPMorgan Retirement Plan
Services to Offer Financial
Engines' Managed Accounts Program.
Read More
-->>
e-Security's Sentinel
Network Security Solution Ranked #1 in InfoWorld Magazine's
Leaderboard.
Read More
-->>
Jim Hale, FTVentures Partner, was named to
the NVCA's Corporate Venture Group Advisory Board.
iPhrase
Receives Top Ranking from Forrester Report on eService Vendors
Read More
-->>
Managed Objects Posts
Record Quarter
Read More
-->> |
Jim
Hale
was a featured speaker at the NVCA Annual Meeting sharing
"Real World Lessons in Corporate Investing."
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Next Offshoring
Destination
China is quickly
becoming one of the most attractive centers for offshore IT
outsourcing services. To date, India has led the
boom in offshore outsourcing with the emergence of worldwide
players including Wipro, TCS, Kanbay, Cognizant, and
FTVentures
portfolio company ExlService. With the maturation of the
Indian marketplace, large international companies are looking
elsewhere for their next offshoring destination. With massive
investment from the Chinese government in building
state-of-the-art infrastructure and the government’s desire to
become a worldwide supplier of IT services, a highly
fragmented marketplace of small providers has materialized.
With labor arbitrage that rivals pre-boom Indian levels
(arguably 5:1 savings versus the U.S. and 50% savings over
India) and the rising labor rates in India (estimated at 30%
annually), companies seeking to diversify their offshoring
strategy are more frequently looking to China.
China
offers a large supply of low cost, high quality software
engineering talent (350,000 technical institute graduates each
year versus 90,000 in the U.S.) ensuring that
significant cost savings will remain for the foreseeable
future.
Read
more
FTVentures portfolio company,
PowerShares Capital Management, has reached the $1.25 billion
mark in assets under management, up from $250 million on
January 1. PowerShares are the first industry exchange traded
funds (ETFs) which replicate enhanced indexes, called
Intellidexes, which seek alpha -- making the PowerShares
Industry Portfolios some of the more sophisticated industry
investments available today. The Intellidex indexes provide
disciplined and objective research through a robust and
comprehensive stock evaluation process.
PowerShares
currently offers 19 different ETFs including the Dynamic
Market and Dynamic OTC Portfolio which have exhibited strong
benchmark outperformance since their inception in May 2003.
Eight new intelligent ETFs were listed on June 23, 2005 and
feature PowerShares Dynamic Pharmaceuticals, PowerShares
Dynamic Biotech & Genome, and PowerShares Dynamic
Software. For more information, contact Ben Cukier, Principal,
bcukier@ftventures.com
or visit www.powershares.com.
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