Lionbridge and Heidrick & Struggles Host Offshore Outsourcing CIO Roundtable
CIOs from Top Financial and Services Organizations Discuss the Changing Role of the CIO and Minimizing Risk of Offshore Outsourcing
New York, NY — January 28, 2004 — Lionbridge (Nasdaq: LIOX), a leading provider of globalization and testing services, today hosted the CIO Breakfast Roundtable to discuss offshore outsourcing and the changing role of the Chief Information Officer. The event, which took place in New York City, was hosted in conjunction with Heidrick & Struggles and featured a panel of top executives including Jon Beyman, CIO of Lehman Brothers, Mitchel Lenson, CIO of Deutsche Bank and Rory Cowan, CEO of Lionbridge. John McCarthy, group director of research for Forrester Research moderated the event, while Thomas J. Friel, Chairman and CEO of Heidrick & Struggles, was the keynote speaker.
Topics discussed at the event included the cost advantages of offshoring and managing known risk factors such as quality, reliability, security, and communication. Attended by top level executives from organizations in a variety of industries, the conference offered valuable insight for companies that are faced with the challenge of acquiring and managing skilled resources while reducing overall costs and maximizing business objectives.
"The Internet is transforming traditional operations of all organizations by allowing code to go to the people rather than the people to the code. As we saw from the remarkable turnout of today's event, Fortune 500 companies are looking at offshoring as a way to increase the value and quality of their organization for employees and customers alike," said Rory Cowan, Lionbridge CEO and a panelist at the event.
About Lionbridge
Lionbridge Technologies, Inc. (NASDAQ: LIOX) is a provider of globalization and testing services. Lionbridge combines global onshore, near shore and offshore resources with proven program management methodologies to serve as an outsource partner throughout a client's product and content lifecycle - from development to globalization, testing and maintenance. Global organizations in all industries rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains 20 solution centers in 10 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit www.lionbridge.com.
About Heidrick & Struggles International, Inc.
Heidrick & Struggles International, Inc. is the world's premier provider of senior-level executive search, interim executive placement, and leadership services, including executive assessment and professional development. For 50 years, we have focused on quality service and built strong leadership teams through our relationships with clients and individuals worldwide. Today, Heidrick & Struggles leadership experts operate from principal business centers in North America, Latin America, Europe, and Asia Pacific. For more information about Heidrick & Struggles, visit www.heidrick.com.