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In the world of software companies, businesses need to produce a lot of different software for their clients. The software companies develop might be for banks, financial institutions, airlines, government bodies and other large organizations. A lot of capital and manpower are needed to handle the growing needs for software today. This is why information technology software companies in developed countries such as the US, Canada and many countries in Europe are now outsourcing IT. Outsourcing IT to developing countries such as China, the Philippines and India reduces costs and allows businesses to remain competitive in the information technology industry.
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