Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

O2NZ may be a bridgehead for ICT companies

Monday July 11

O2NZ may be a bridgehead for ICT companies

The O2NZ consortia of information and communications technology companies may well establish a bridgehead in the United Kingdom off shoring market for other New Zealand ICT groups.

This is the perspective of ITANZ Executive Director, Jim O’Neill, who believes the multi-billion dollar international ICT off shoring market is one that New Zealand companies can enter with confidence.

“Our companies have the skills and innovative capabilities to service this market well. Time zones, our cultural fit and similarities of our business and legal frameworks make us a natural partner for UK companies.

“But our small, by international standards, companies can’t adequately access the market on their own. They don’t have the financial resources for a sales and marketing campaign to build the necessary knowledge of our capabilities.

“Bigger economies than ours have had to follow a similar path to this in order to get traction offshore. The giant Indian off shoring industry was developed through government support to help small companies enter the market and subsequently acquire the size and scale to go it alone.

“We can only develop our own niche if companies combine resources and acquire government backing on a scale such as this.

Industry sees the O2NZ group as potentially the first of a number of consortia who will seek to build a place in the market. We started two years ago with 22 prospective industry partners for O2NZ who narrowed down to the five now involved. Many of the others retain an interest in off shoring. This welcome gesture of government support will encourage them to revisit possibilities.

“As an industry we give much credit to New Zealand Trade and Enterprise for grasping the reality of the market situation and supporting our case to the Government on behalf of O2NZ”.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: