Five-year, $27 million deal to produce contract labor services solution for $125 billion marketplace
Plano, TX, and St. Louis — July 1, 2003 — EDS and World Wide Technology Inc. (WWT), an IT solutions provider and electronic procurement and logistics company in the IT industry, today announced a five-year, $27 million contract for EDS Procurement Services, a unit of EDS Business Process Services, to provide an offering for hiring and managing professional contract workers.
According to the companies, the business process outsourcing (BPO) offering uses EDS' technology to lower WWT's costs by finding professional contract workers, negotiating labor rates, providing payroll and labor expenditure reporting services, and eliminating administrative overhead.
According to industry analyst firm Giga, contract labor is a $125 billion marketplace worldwide, with more than 16,000 suppliers worldwide.
The companies also announced an exclusive arrangement to market a large-enterprise contract labor solution for contractors in such categories as technical and information technology, administrative and clerical, industrial and the medical fields.
WWT said it is the largest African-American-owned company in the United States and provides outsourced programs to its clients.
The EDS solution, according to the provider, offers software to lower labor costs, speed up hiring, eliminate manual processes and increase diversity spend with minority-owned businesses.
EDS added that its Business Process Services enables clients to get a complete view of their employee, customer and vendor relationships. The suite includes Customer Relationship Management (CRM), Financial Process Management (FPM) and Administrative and Enterprise Shared Services, which include Human Resources, Finance and Accounting, and Procurement Services.
"By teaming with EDS, WWT will combine its e-procurement services with the contract labor content of EDS to provide a comprehensive solution to our customers," said Joe Koenig, president of WWT. "Contract labor as a managed service broadens our portfolio of services, which includes IT hardware and software, telecommunications equipment and commodity direct manufacturing material."
