Bank of America’s $1bn Contract Ups the Stakes among IT Vendors - Times of India | In The News

“Peter Bendor-Samuel, CEO of US-based Everest Group, feels BoFA’s move to rebid ADM, testing and infrastructure is significant not only for the potential share shifts it could drive within the BOFA portfolio but also indicates the changing landscape in which long established relationships are increasingly at risk, and at the expense of other industry players. ‘The implications of this is an increasingly competitive environment where price and margins are coming under pressure,’ he said.” Read more.