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"outsourced company" is a correct and usable phrase in written English.
You can use it to refer to a company that provides services or produces goods for another company, usually in a different country where labor costs may be cheaper. Example: The manufacturing process for our products has been handed over to an outsourced company in China.
Exact(6)
It paid an outsourced company £17m to do the job and blamed that company for the failure.
But Seetec, the outsourced company responsible for organising the placement, receives £400 for each one it sets up.
However, the outsourced company does use six zero-hours employees to manage any sickness/holiday/overtime cover for canteen staff who work at GNM offices.
Those based in the London area and those remaining in the office itself will be taken by staff whose first commitment is to the outsourced company.
A campaign to support the cleaners, Justice for Cleaners, had been asking the university to bring cleaners in-house (rather than go through an outsourced company) since 2006.
This was someone you met once or twice, who might have worked for the venue, but was just as likely to work for another outsourced company.
Similar(52)
But now that an estimated half of public spending goes to outsourced companies, this is being challenged.
"The ever-tighter margins in the current cash-strapped climate make this even more likely – as does the government's decision to scrap a vital protection to workers' terms and conditions in outsourced companies".
The outsourced companies hire at near-or-minimum wage with few-or-no benefits (so they can pay a few at the top astonishing amounts).
Demand from institutional investors was strong for the initial sale of $1.2 billion in shares of Tata Consultancy Services, India's biggest outsourced services company.
The outsourced contracting company I am currently registered with sends me my timesheet (Excel) and expenses forms (Word) via email, but oddly require that I printout the forms and get them signed by hand before I send them back via snail mail?!
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com