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Article Excerpt
TECHNOLOGY and outsourcing services posted the most spectacular results on this year's list of fastest-growing private companies.
Three years after the tech bubble burst, even dot-coms are showing that with a cogent business plan they can build revenues. The Business Journal survey, which was based on revenue growth from 2001 to 2003, included 23 technology companies--the most of any industry--compared with 16 on last year's list.
The emergent trend of companies handing off non-core duties to outside contractors, whether local or overseas, took hold as four of the top 10 firms were involved in some form of outsourcing--including the first three on the list: CaseStack Inc., Outsource Partners International Inc. and Soltre Technology Inc., along with call center operator eTelecare Phase 2.
"It's less expensive," said Soltre Chief Operating Officer Vivian Chow. "We charge a fixed monthly fee, so there are no surprises. Cost containment is a big selling point."
While outsourcing became a hot-button issue in this year's Presidential election and much has been made of the negative impact on U.S. companies of outsourcing jobs overseas, it is a boon to Los Angeles companies that provide outsourced services.
Further, the...
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