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It also explores the multiple facets of operations, from
service delivery models to the location decision, along with the raft
of operational risks decision makers must weigh. It
includes a discussion of integrating offshoring into corporate strategy
and structure.recommind .

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The report is a summary of an extensive study The Conference Board is
releasing in installments over the next three months, which comprehensively
examines the complex issues surrounding offshoring .
The report provides an objective assessment of the risks and rewards
across the multiple dimensions of offshoring -- organizational, operational,
human-resource, and external:

* Beyond Costs: Financial and Operational Risks, examines the hidden
costs that can offset offshoring's touted savings, as well as methods
to analyze cost and value and the pros and cons of vendor pricing
arrangements.
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* The full ramifications of brand and market image and corporate
reputation, environmental considerations and social responsibility are
discussed in The New Corporate Reality: External and Market
Considerations, with case examples highlighting failures and best
practices . In making their
decision about where to offshore, companies must consider the tradeoffs of
cost , proximity, convenience, time to market, and depth of resources.
"Beyond advanced IT and communications capabilities, this virtual organization
requires special approaches to organizational and behavioral management and
the coordination of internal and external relationships.

About Recommind

Recommind's search and categorization systems automatically organize,
manage, and distribute large volumes of text from multiple sources.

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The Conference Board: Companies Considering Offshoring Must Carefully Weigh Risks vs. Rewards

conference-board. The Conference Board is dedicated to helping
companies improve performance and strengthening the role of business in
society.

"We are honored to once again be recognized by KMWorld for our efforts in
delivering the most innovative and advanced search and categorization
solutions on the market today," said Bob Tennant, Recommind CEO.

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NEW YORK, Most experts see no end in sight to the
offshoring trend, as growing numbers of companies seek the cost savings and
competitive advantage offshoring promises.

* Organizing Offshore Operations: Management and Human Resource Concerns
offers unique perspectives on the inevitably overlooked issue of
organizational structure and management of the offshored operation.

The ultimate success of offshoring operations depends on successfully
analyzing the full spectrum of implementational and operational factors -
location, process, scope, participating business units , etc.
"Once a company outsources or offshores, it is on its way to creating a
virtual corporation -- a network of companies and operations that must work
together and should act as if they were one integrated firm," says Heijmen.

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com or e-mail
info@recommind.

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More than 2,000 companies in 60 countries are members of The
Conference Board, which produces the Consumer Confidence Index, the
Help-Wanted Index and Business Cycle Indicators for nine countries worldwide.

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"Companies now need a comprehensive decision-making framework to help
senior executives rationally and systematically assess the risks and rewards
of offshoring," says Ton Heijmen, Senior Advisor to The Conference Board on
Offshoring and Outsourcing. They
must survey all of their options in each available market, from the quality of
vendors and staff (skills, language, motivation) to the business environment
and the availability of government incentives.

ittoolbox subscriber

While many companies tend to focus on security risks, a whole host of other
risks, both at home and abroad, loom large: reputation/brand, social
responsibility, geopolitical , human capital, regulatory and legal. The report endorses the use of
a risk management framework for those organizations that decide to offshore -
to manage the totality of risks effectively and conscientiously.

, a leading provider of
search and categorization systems, announced that it has been named to
KMWorld Magazine's prestigious list of the "100 Companies that Matter in
Knowledge Management" for the third consecutive year. Recommind's patented technology provides the basis for
the most intuitive and accurate filing and retrieval on the market today. Recommind's MindServer platform automatically
identifies concepts that describe a document, regardless of the language or
subject, enabling knowledge workers to find relevant information quickly
and easily.

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In addition
to recognizing leading companies, the list serves to encourage a broader
discussion of knowledge management.

It is also a strategy aimed at turning an organization's intellectual assets, both recorded information and the talents of its members, into greater productivity, new value, and increased competitiveness .

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But with an estimated half of all
offshoring operations destined to fall short of expectations, companies are
under increasing pressure to calculate the risks -- not merely the rewards --
that offshoring entails, according to a report released today by The
Conference Board.org)
The Conference Board is the leading global business knowledge network for
the world's largest corporations .

"This list is conceived as a way to recognize some of the organizations
that are leading the way in the knowledge economy," said Hugh McKellar,
KMWorld Editor in Chief. "Criteria for inclusion differ, of course, as do
the technologies recognized, but all companies share the following: all of
them demonstrate the capacity for customer-driven agile innovation., and has offices in New York , NY
and Bonn, Germany.

Knowledge Management is a discipline that examines information and human understanding, using concepts from education, information technology, cognitive psychology and library science.

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The report, Thinking Offshoring Through: A Framework for Decision Makers,
reveals that unless corporate leaders address the full spectrum of offshoring
challenges, underperformance will only grow -- and the impact on corporate
operations will be significant.

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"

ABOUT THE CONFERENCE BOARD (http://www.

humanizing intellect

"

Published annually and now in its 6th year, KMWorld's "100 Companies That
Matter" recognizes organizations that have played a role in the creation
and evolution of the knowledge management market through consistent
innovation of technologies, products and services .

About KMWorld

The leading information provider serving the Knowledge, Document and
Content Management systems market, KMWorld informs more than 50,000
subscribers about the components and processes -- and subsequent success
stories -- that together offer solutions for improving business
performance.

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WHERE DO COMPANIES TYPICALLY GO WRONG?
A wide variety of missteps can sink an offshoring effort, according to the
report, from poor project management and inadequate communications (to
internal as well as external stakeholders) to ill-conceived transition plans.

Founded by researchers from the
University of California at Berkeley, MIT, and Brown University, Recommind
is headquartered in San Francisco, Calif.

It provides a powerful way of looking at how society organizes itself and uses its intellectual resources and promises a means of humanizing our approach to modern technology, putting the understanding of human intellect and motivation at the center .

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The list is compiled by
colleagues, KM practitioners, theorists, analysts, vendors and their
customers .

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Source: Thinking Offshoring Through
Executive Action #136, The Conference Board

The Conference Board announces a three-part web seminar series on:

"THINKING OFFSHORING THROUGH: A FRAMEWORK FOR DECISION MAKERS"

Part I: Beyond Costs: Financial and Operational Risks
Tuesday, February 22, 2005
11:00 AM - 12:30 PM Eastern Time

Part II: The New Corporate Reality: External and Market Considerations
Tuesday, March 8, 2005
11:00 AM - 12:30 PM Eastern Time

Part III: Organizing Offshore Operations: Management and Human Resource
Concerns
Thursday, March 17, 2005
11:00 AM - 12:30 PM Eastern Time

In addition, The Conference Board's Strategic Outsourcing Conference will
be held in New York on April 27-29, 2005.

PRESS RELEASE Recommind Recognized by KMWorld as One of the 100 Companies That Matter in Knowledge Management

KMWorld Magazine is
the leading information provider to the knowledge , document and content
management systems market, with more than 50,000 subscribers. KMWorld is a publishing unit of Information Today, Inc.

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Recommind continues to distinguish itself in the search and categorization
markets by developing products that deliver the most accurate and automated
search and categorization of text in documents, presentations, emails, Web
pages and news feeds .

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com.

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With
faster access to the right information, organizations in law,
media/publishing, life sciences, and government can save time, enhance the
quality of work product, increase the value of information assets, and
improve competitiveness and profits.

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Any one of
these can turn once attractive potential savings into a costly endeavor. "As the
amount of information within organizations continues to grow exponentially,
filing and finding information electronically have become fundamental
business processes.

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It is designed to add
reason, substance and perspective to an emotionally charged issue - one whose
sensitivities pose particular challenges to corporate leaders who must
reconcile the often conflicting interests of stakeholders.