Neo Advisory today announced that after 10 years, it is retiring the name neoIT and will now officially be known as Neo Advisory.
“Our name is synonymous with a new approach to sourcing advisory. We have helped over 250 companies globalize and outsource over the last decade. The maturity of the industry and clients calls for a new kind of consulting firm,” said Atul Vashistha, Chairman of Neo Advisory. “Our new corporate identity better reflects our expanded mission - to serve clients based on their strategic needs and maturity of global and sourcing operations. Our solutions have been expanded to include globalization and sourcing advice, a global services risk monitoring subscription service, self-diagnostic tools and custom research.”
The ownership structure of Neo Advisory (formerly neoIT) has also changed to a new corporation with new investors that also includes expanded employee ownership. Neo Advisory has acquired the India operations of neoIT and also the assets of its USA operations. The new leadership team is led by the neoIT Founder, Atul Vashistha, who has been recognized by Consulting Magazine as one of the “Top 25 Most Influential Consultants” in 2006 and over numerous years as a HRO Superstar and FAO Superstar by HRO Today and FAO Today. Atul Vashistha has also just released his second book, titled Globalization Wisdom: The Seven Secrets of Great Globalizers.
“Sourcing advisory is fundamentally different today than when I launched it in 1999. Clients are more mature and the Internet has reduced information asymmetry, so they are now looking for targeted expertise to outsource new areas and an ongoing service to better manage what they have globalized and/or outsourced. Neo Advisory addresses these varied needs,” said Atul Vashistha.
“Both buy and sell organizations have matured tremendously over the last decade. Expectations from advisors are very different today and timelines to deliver have significantly reduced. At Neo Advisory we believe this is the right time to leverage data and experience gained from over a decade of being in this business to deliver a fundamentally different set of services and meet expectations in the new-normal,” says Sandeep Karoor, who is Managing Director and focused on growth and leading the operations of the firm.
About Neo Advisory
Neo Advisory is a globally recognized management consulting firm that helps leading corporations improve and better manage their business by capitalizing on services globalization(SM) and outsourcing. Through a blend of strategic advisory services, subscription-based global services monitoring and hands-on execution support, neoIT provides advice and management services on the globalization of Information Technology (IT) and Business Process Outsourcing (BPO) services. For more information, visit http://www.neoadvisory.com.
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