Acquisitions
Essar’s Aegis group looks for $50-$200M acquisitions in Europe
By Tarry Singh at 23 August, 2010, 9:46 am
Aegis Ltd., an outsourcing unit of India’s Essar Group, will pursue acquisitions in the Middle East, Europe, Latin America and Africa during the next two years. The company is targeting deals in the $50 million to $200 million range and intends to complete one each quarter, Managing Director Aparup Sengupta said in an interview in [...]
Read More >>Intel buys McAfee for $7.68Bn!
By Tarry Singh at 19 August, 2010, 7:26 am
Big consolidation wave is always driven by tech companies. Intel just showed that! My prediction, as it stands for Symantec is that Microsoft is going after it. This prediction is holding strong for the last 2 years. Microsoft has to go for adjacent markets and expecially with Cloud offerings becoming more serious and CIOs/CxOs looking [...]
Read More >>Cap Gemini expands LATAM with Sonda acquisition, a BPO firm
By Tarry Singh at 19 August, 2010, 1:27 am
Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, and Sonda Procwork, the Brazilian unit of Chilean IT systems integrator Sonda , today announced that Capgemini Brazil has acquired Sonda Procwork’s facility in Gaspar, in the state of Santa Catarina, Brazil and will now deliver BPO services to global clients in [...]
Read More >>Dell buys 3PAR for $1.15Bn
By Tarry Singh at 16 August, 2010, 6:17 am
Dell is changing the enterprise storage array supplier landscape by buying 3PAR for $1.15bn, adding an enterprise block storage array to its storage product roster and complementing the iSCSI EqualLogic storage arrays it bought in 2007. Dell paid $1.4bn for EqualLogic, and it’s turned out to be an astute and successful purchase. 3PAR makes InServe [...]
Read More >>Cognizant strengthens its testing portfolio with Paris-based Galileo Performance acquisition
By Tarry Singh at 17 June, 2010, 3:53 pm
Outsourced testing services have been growing significantly in reducing the cost of quality assurance and software maintenance and also ensuring tighter alignment of IT with business objectives and improved governance and risk mitigation, Cognizant said. Industry research firm IDC forecasts a five-year compound annual growth rate (CAGR) of 19 percent for discrete global testing services, [...]
Read More >>HP buys Phoenix’s virtualization division for $12M
By Tarry Singh at 11 June, 2010, 3:19 am
Very good move by HP. Phoenix was founded in 1979 and said it January it wanted to sell off non-core assets and return its attention to BIOS. In April it sold off FailSafe and Freeze. Unfortunately for Freeze users, the buyer decided shortly afterwards to stop supporting the product. Exactly what HP intends to do [...]
Read More >>India’s Essar Group boosts its outsourcing services by buying stake in Avaya’s ACG Network
By Tarry Singh at 30 May, 2010, 2:31 am
India’s Essar Group has agreed to buy a controlling stake in communications solution firm AGC Networks (AVYA.BO) for $44.5 million, as it strives to boost outsourcing services. Essar Group will pay 245 rupees ($5.30) a share for the 59.13 percent stake in AGC Networks, from U.S. network equipment maker Avaya Inc [AVXX.UL], and will offer [...]
Read More >>Mumbai based BPO firm Accentia buys UK firm IQ Group
By Tarry Singh at 30 May, 2010, 2:23 am
Accentia Technologies Ltd, a Mumbai-based business process outsourcing firm, is acquiring stake in IQ Group, a UK-based company offering communication and computing solutions for healthcare sectors. Accentia has already entered into an agreement with IQ Group for the transaction subject to customary closing conditions. It is expected to be completed by the end of September [...]
Read More >>AT&T offloads B2B unit Sterling Commerce to IBM for $1.4Bn
By Tarry Singh at 24 May, 2010, 11:26 am
Dublin, Ohio-based Sterling makes technology that helps companies to do business with other companies. Its “business-to-business” software is used to automate processes such as the purchase or raw materials or the replenished of depleted inventory. About 80% of the Fortune 500 companies are clients, though revenue is less than $1 billion annually. Read commentary about [...]
Read More >>Indian firm Hinduja pays €1.35bn for Belgian KBC’s private bank
By Tarry Singh at 21 May, 2010, 11:23 am
KBL European Private Bankers was put up for sale by KBC in the aftermath of the financial crisis, when the group promised to make a string of divestments in exchange for €7bn in state aid. “As well as providing a stable home, continuity and careful stewardship for KBL, the [Hinduja] Group will also give the [...]
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