Outsourcing Research Firm Solidifies Market Leadership Through Addition of Flagship Clients, Industry Relationships and Groundbreaking Analyses

FAO Research, Inc. begins its second year with unparalleled growth, commitment and industry acceptance

 Boston, MA - September 18, 2006 - Despite steadfast competition from the world´s largest and most established market analysis firms in the industry, FAO Research, Inc., the only research firm focused exclusively on the Finance & Accounting Outsourcing (FAO) market, has announced that it is celebrating the dawn of its second year in business, with strong and renewed client loyalty, new collaborations with powerful industry influencers and an increased focus on the FAO buyer community.

 FAO Research has achieved critical milestones within the past 12 months, including:

o        Publishing 11 comprehensive research reports analyzing FAO market activity worldwide, including a groundbreaking assessment of 14 leading service providers; an analysis of FAO contract activity in years 2004 and 2005 and predictions for 2006; an in-depth study of Dubai as an offshore outsourcing location; an overview of procurement as an FAO requirement; an explanation of the current F&A labor shortage; and ongoing quarterly reviews and analyses of FAO buyer activity;

o        Creating a first-of-its-kind FAO employment web site - FAO JobSearch - in conjunction with Global Recruiters of Atlanta North, LLC, which supplies unique career advice and executive search services for FAO employers and prospective employees;

o        Forming strategic partnerships with leading industry associations, including Vantage Partners, a relationship management and negotiation specialist, and FS Outsourcing, a financial services outsourcing knowledge company;

o        Being chosen as the only market research firm to judge the prestigious first Global Outsourcing 100 awards presented by the International Association of Outsourcing Professionals (IAOP);

 

o         Recruiting six of the world´s most noted sourcing consultants and lawyers as charter members of its FAO Research Advisory Council, a unique collaboration to foster better understanding between FAO suppliers and buyers;

o        Providing valuable thought leadership for several leading publications, including regular submissions to FAOToday and Global Services and select commentary to FORTUNE, Business Finance, Services Outsourcing World, Compliance Week and Outsourcing Essentials;

o        Becoming the first and only "host" of The Outsourcing Institute´s FAO forum, a daily blog examining business issues affecting the FAO market worldwide.

FAO Research plans to devote additional energy in 2007 to developing an extensive network of current and prospective FAO buyers who have expressed a growing interest in the firm´s research services and analyses. "We devoted our first year exclusively to the needs of the FAO supplier base," Ross said.  "With so many brand-name companies - prospective FAO buyers - also coming to us for market intelligence, we must broaden our perspective with information and insights that will be equally valuable to them as well as to suppliers and advisors worldwide."

FAO Research´s reports are available à la carte or as part of an annual subscription package which includes all published research reports, custom research services, direct analyst relationships and webcasts.  A new bundling of 2007 reports will make it easier for clients who need to share information throughout their organizations.  All reports will be in PowerPointTM format for ease-of-use and will provide free licensing for multiple use within companies.  For details, contact sales[at]faoresearch.com.

About FAO Research

FAO Research, Inc. is the only independent research firm worldwide focused exclusively on the Finance & Accounting Outsourcing (FAO) market.  Headquartered in Boston, Massachusetts, FAO Research conducts market research and performs custom consulting services for FAO service providers, advisors and companies that want to better understand FAO market activity, the supplier landscape and buyer needs.  With frequent publishing of reports and independent, unbiased viewpoints, FAO Research is a trusted source for impartial research and opinions.  In addition, FAO Research offers finance & accounting professionals access to "FAO JobSearch" - the industry´s only independent source for FAO-specific career enhancement services, including worldwide job listings and career advice specific to the FAO market.  For more information, visit www.faoresearch.com.

For more information:

Joyce Radnor

Spice Communications (on behalf of FAO Research, Inc.)

617-787-5192

jradnor[at]faoresearch.com

 

Lisa Ross, CEO and Founder

FAO Research, Inc.

#(617)787-FAOR (3267)

lisa.ross[at]faoresearch.com

 

Joyce Radnor
Spice Communications (for FAO Research, Inc.)
617-787-5192
jradnor[at]faoresearch.com

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