IT Outsourcing Benefits Industry

Australia's local IT industry has been the big beneficiary in the federal government's outsourcing initiative, Minister for Finance and Administration John Fahey said yesterday.

He said the IT outsourcing contract between the Australian Taxation Office (ATO) and EDS has generated $77 million in projects to small to medium enterprises (SME).

"This is double the original forecast for the first year of the contract," Fahey said.

"There are 120 SMEs around Australia working with EDS that are benefiting from this contract; among these is Adelaide-based Protech which has become one of the country's fastest growing private companies.

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