Globalization
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 >>2010: Outsourcing Market to rely on contract renewals; Global Sourcing Advisories to play crucial role
By Tarry Singh at 12 May, 2010, 1:34 am
While many analysts and research firms are currently in a flux-state and saying what everyone is saying. I wanted to share some data here to explain why the year 2010 will be defining. There is a lot of talk and FUD being created as to the end of global sourcing or slower uptake and maybe [...]
Read More >>Apax Partners LLP buys Brazil’s Outsourcing firm Tivit for $1 Billion
By Tarry Singh at 10 May, 2010, 12:39 pm
The coming 10 years will be defining as a lot of technological, geo-political, trans- and continantional changes will redefine the global sourcing landscape. A lot of protectionism will creep in. Outsiders will have to re-develop their strategies, make good and dedicated local and regional acquisitions. Some big local acquisitions too will come in. TCS, as [...]
Read More >>HCL wins $500 Million Multi-year Outsourcing Deal with Merck!
By Tarry Singh at 10 May, 2010, 4:44 am
Analysis: HCL has been in partnership with Merck since 2004, although this is the first time it has received a large total outsourcing contract from it. In 2007, both HCL and Cognizant (CTSH) signed deals with Merck but CTSH’s contract was multi-year, multi-million dollar to provide a full suite of services, including applications outsourcing, infrastructure [...]
Read More >>2010 Outsourcing Deal value $38 Billion; Suppliers battle for contracts
By Tarry Singh at 10 May, 2010, 4:25 am
Outsourcing experts from research firms such as Ovum said around 500 contracts worth nearly $37.5 billion are set to expire by September this year, ranging anywhere between $1 million and $1 billion each. “It’s a long, tough summer,” said a senior official at one of the Indian tech firms exploring opportunities at telecom majors such [...]
Read More >>Cognizant acquires a Program-Management Consulting firm
By Tarry Singh at 10 May, 2010, 4:18 am
TEANECK, N.J., May 10 /PRNewswire-FirstCall/ — Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process outsourcing services, announced today it has acquired The PIPC Group, a global program management consulting firm based in London. The terms of the transaction were not disclosed. With more than 200 professionals worldwide, primarily in the [...]
Read More >>Huawei, ZTE get banned in India; Security risk the main reason
By Tarry Singh at 8 May, 2010, 7:14 am
When it comes to China’s Big Two, though, India’s policies are hardly favorable. The government has sent letters to Indian phone companies saying they can’t buy equipment from Huawei, ZTE, and several other mainland companies due to security risks. In April, researchers reported that Chinese hackers had targeted Indian defense computers. And in December, India [...]
Read More >>Cognizant: The rising star in Outsourcing world
By Tarry Singh at 7 May, 2010, 6:09 am
Cognizant Technology Solutions, which was spun off from credit-information provider Dun & Bradstreet Corp. in 1996, is headquartered in Teaneck, N.J., and listed on the Nasdaq, but most of its operations and three-quarters of its work force are in India. On Tuesday, it said its revenue rose 6.3% to $960 million for the quarter ended [...]
Read More >>Irish outsourcing firm Gem changes tack; plans 10% cut instead of previously planned 900 new hires
By Tarry Singh at 7 May, 2010, 6:04 am
A £19.5m investment which would have resulted in up to 900 new jobs in Northern Ireland has been put on ice, the Belfast Telegraph can reveal. In a double blow, outsourcing firm Gem yesterday told its 800 staff that 10% of the workforce is also facing the axe. The grim announcement affects 60 workers in [...]
Read More >>Google to host CIO Cloud Computing conference; goes after enterprise as expected!
By Tarry Singh at 13 April, 2010, 11:27 am
This Google move is going to give an obvious dent to the traditional Outsourcing/ Global System Integrators and IT companies. Many companie, big and small are scrambling to hold on to their clients as customers, both big and small are finding easier ways to do business and setup virtual organization, virtual development environments and even [...]
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