Radware (NASDAQ: RDWR), the leading provider of integrated application delivery solutions for business-smart networking, today announced that Technology Marketing Corporation (TMC) has named SIP Director as a recipient of the 2008 Communications Solutions Product of the Year Award.
Radware’s SIP Director is a first-to-market, fully SIP-aware application delivery controller (ADC), based on the company’s award winning AppDirector, an intelligent ADC solution. Designed with vendors, network equipment providers, system integrators, telecom equipment manufactures and carrirs in mind, SIP Director was developed to address SIP-specific carrier-grade and security application delivery requirements, and answers the need for collaboration applications in a converged Web and VoIP application delivery environment.
Friday, May 29, 2009
Radware Receives 2008 Communications Solutions Product of the Year Award
Mothercare profits buoyed by ELC
Mothercare has seen its profits soar nearly 10-fold after its takeover of Early Learning Centre (ELC) delivered benefits "beyond expectations".
The company reported annual pre-tax profits of £42.2m, up from £4.5m a year ago, when it was affected by costs relating to the integration of ELC.
Reliance Globalcom secure an international voice and data network deal with Tyco
Reliance Globalcom, a leading global provider of managed network and application delivery services for multinational enterprises, carriers and service providers, have today signed a five year agreement with Tyco - a leading international provider of security products and services, fire protection and detection products. The deployment will incorporate, fully managed voice and data services to over 160 of Tyco’s ADT and fire and security business units across Europe. Tyco instigated a rigorous evaluation process to select its European service provider, and selected Reliance Globalcom - one of two previous incumbent suppliers – after concluding that no other international or regional provider was able to match the companies expertise in sourcing and managing network infrastructure, or could manage the up to twenty different service providers and sub-contractors required for the deployment.
BUPA - No escape for drug abusers thanks to new test from Bupa
Britain’s businesses can now tell if an employee has taken drugs up to three months previously, with a new hair analysis test from Bupa.
Around one in three adults between the ages of 16 and 59 living in England and Wales admit to illegal drug use at some time* and many firms, especially where workplace safety is critical, are legally obliged to prevent staff from working while under the influence of drugs or alcohol.
EMC numero uno in disk storage systems scene
Information infrastructure solutions provider EMC Corporation said that it has maintained its position as the leading provider of external disk storage systems in 2008 in India.
According to the latest IDC Asia Pacific Quarterly Disk Storage Systems Tracker Q4 2008, March 2009, the company is on top of the India external disk market with a 23.28 per cent market share on the basis of factory revenues of US$ 56.81 million.
Ixia Validates Industry's Highest-Density 10GBASE-T Data Center Switch
IXIA (NASDAQ: XXIA), a leading, global provider of IP performance test systems, today announced the availability of the world’s highest density 10GBASE-T test system based on the highly successful IxYukon architecture. 10GBASE-T is emerging as the lowest cost solution for 10GbE links in data center switches, routers and servers. The IxYukon 10GBASE-T solution was used to test Arista Network’s low latency, high throughput 48-port auto-negotiating 1/10GBASE-T 7100T switch. This marks the first time that such a large-scale 10GBASE-T test has been conducted. Ixia’s IxYukon 10GBASE-T interfaces and Arista’s switch will be demonstrated at Ixia’s booth (#1813) at Interop Las Vegas from May 19 to 21.
Kronos® Hires New Industrial/Organizational Psychologists to Add to Distinguished Science Team
Kronos announced that it has hired a new chief scientist, John Morrison, and two additional industrial/organizational psychologists, Philip Mangos and Rainer Seitz. The Kronos science team works in the Kronos hiring solutions group, developing tools to help customers confidently select higher-quality employees whom Kronos science predicts are more likely to be productive and dependable. In turn, customers realize benefits such as reduction in hourly turnover, improvement in sales and services levels, reduction in the time spent on hiring, and an overall improvement in frontline productivity.
Kronos helps Aker Philadelphia Shipyard Achieve $660,000 in SAVINGS
Kronos announced that Aker Philadelphia Shipyard has achieved more than $660,000 in savings by using Kronos human resources and payroll applications. The $285 million builder of container ships and tankers has been using Kronos since 2005 to improve productivity, lower costs, and reduce payroll errors.
Kronos exhibits at - HFMA ANI: The Healthcare Finance Conference
Tradeshow Information
June 15, 2009
Washington State Convention and Trade Center
Halls A-F
800 Convention Place
Seattle, WA 98101
Booth #: 429
HCL bags 240 crore BSNL project
HCL Infosystems on Monday announced that it has bagged a Rs 240- crore system integration project from state-run telecom operator BSNL . The contract involves the implementation of over 60,000 enterprise resource planning (ERP) licences, making it the largest rollout in terms of licenses issued for any single project in the country.
RoamBi Brings Business Intelligence to the iPhone
Mobile BI solution combines iPhone App, SaaS and on-premise offerings. System integrates with SAP BusinessObjects and Salesforce.com.
With its large screen and simple navigation, the iPhone is well suited to delivering charts, graphs and other types of data visualizations. It’s no surprise, then, that several leading business intelligence (BI) software vendors - including Oracle, SAP BusinessObjects and Information Builders - have added the iPhone to their mobile device support lists. The problem, Santiago Becerra contends, is that many of these solutions attempt to shrink reports designed for desktops onto tiny screens.
RoamBi Brings Business Intelligence to the iPhone
Mobile BI solution combines iPhone App, SaaS and on-premise offerings. System integrates with SAP BusinessObjects and Salesforce.com.
With its large screen and simple navigation, the iPhone is well suited to delivering charts, graphs and other types of data visualizations. It’s no surprise, then, that several leading business intelligence (BI) software vendors - including Oracle, SAP BusinessObjects and Information Builders - have added the iPhone to their mobile device support lists. The problem, Santiago Becerra contends, is that many of these solutions attempt to shrink reports designed for desktops onto tiny screens.
Chandrasekaran to succeed Ramadorai as TCS chief
Tata Consultancy Services said on Tuesday that its current Chief Operating Officer (COO), Mr N. Chandrasekaran, will take over as Chief Executive Officer and Managing Director from October 6, 2009.
He will replace the 64-year-old Mr S. Ramadorai who has been with TCS since 1971 and has been its Managing Director and CEO since 1996. Mr Chandrasekaran, 45, was appointed COO of TCS 21 months ago and was also promoted as Executive Director. He takes over at a time when the Indian IT industry is seeing a decline in IT spend from customers, courtesy the economic downturn.
Wipro Infotech launches its Data Centres
Wipro Infotech, the India and Middle East IT Business of Wipro Ltd and a leading provider of IT and business transformation services today announced the launch of its Enterprise Data Centres.
Wipro may outsource work to Egypt
India, the offshoring capital of the world, is now outsourcing software and back-office projects to Egypt. Vendors like Wipro plan to send more domestic work to the most populous Arab country to leverage lower costs and availability of skilled professionals.
Patni opens new HQ in London
IT solutions company Patni Computer Systems today said that it has opened its new headquarters for Europe, Middle East and Africa (EMEA) in London, UK.
The new headquarters is spread over 14,000 sq ft and hosts a dedicated delivery centre together with business development and administrative functions, the company said in a press note, here on Thursday. Patni’s Executive Vice-President with responsibility for EMEA, Mr Brian Stones, said: “We have worked to establish a platform for creating the right conditions for providing excellence to our customers in the region.
MindTree Lists Bluetooth Health Device Profile (HDP)
MindTree Ltd. (NSE: MINDTREE), a global IT Solutions Company and a leading provider of Bluetooth® intellectual property (IP) solutions, today announced that its Bluetooth Health Device Profile (HDP) along with its EtherMind 2.1+EDR stack have been successfully listed as a qualified design component by the Bluetooth Special Interest Group (SIG).
Cisco acquires Pure Digital Technologies
Cisco has completed its purchase of Pure Digital Technologies Inc, San Francisco-based Pure Digital, creator of Flip Video brand.
The acquisition of Pure Digital is key to Cisco's strategy to expand its momentum in the media-enabled home and capture the consumer market transition to visual networking.
EMC to acquire software maker Configuresoft
EMC decided to expand on its OEM partnership with Configuresoft and acquire the software maker outright, which will help EMC broaden its management capabilities across the “entire IT information infrastructure,” EMC executives say. Configuresoft’s Enterprise Configuration Manager (ECM) technology is already sold as EMC Server Configuration Manager, and Configuresoft’s Configuration Intelligent Analytics (CIA) is sold as EMC Configuration Analytics Manager. EMC says the purchase will help customers automate management across virtualized environments
Tata Indicom, Yahoo India in unique partnership
Indian telecom provider Tata Teleservices Ltd (TTSL) today announced that it has entered into an exclusive partnership with Yahoo India for providing online user interface to all Tata Indicom customers.
The strategic partnership will provide a compelling web experience and a unique user interface to all Tata Indicom customers, said a press release. As part of this partnership, a co-branded Yahoo India homepage will be the default homepage across all Tata Indicom Internet access devices.
Clients will need to keep spending…
It isn’t easy to stump Francisco D’Souza, President and CEO, Cognizant. At age 39, and as CEO of a $3-billion corporation, he has obviously seen a bit and has a hold on most things. This once, though, he needed time to think over his response to our query: If you had a chance to relive the last 12 or 18 months again, given the global turmoil in the period, what would you do different? He says, “It’s been such a whirl for a while that I haven’t really thought about this.” He has promised to revert shortly with his response. Till then, here’s what he had to say to K Bharat Kumar about his company’s recent results and the impact of the slowdown
Friday, May 22, 2009
Yash Birla forays into IT sector
The Rs 3,000-crore Yash Birla group has ventured into the IT sector by becoming the single largest shareholder in Mumbai-based software services firm Melstar Information Technologies.
ChemoilAdani achieves encouraging growth in Mundra Port
SGX Mainboard-listed Chemoil (SGX-ST: CHEL.SI), one of the world’s leading physical suppliers of marine fuel products, today announced that its joint venture supply service with Adani Enterprises Limited (NSE: ADANIENT) in India has experienced encouraging sales and growing demand within its first three months of business. Monthly sales volumes from ChemoilAdani’s operations at Mundra Port reached a record level of 50,000 metric tons (mt) in March 2009. With the Indian bunker market for international ships averaging less than 1 million mt per year, the latest volume figures represent a sizable market share, which is expected to increase.
Radware Wins Two 2009 Network Products Guide Reader’s Trust Awards
Radware (NASDAQ: RDWR), the leading provider of integrated application delivery solutions for business-smart networking, today announced that Network Products Guide, the industry’s leading publication on information technologies and solutions has named AppDirector and DefensePro winners of the 2009 Best Products and Services Award for Best in Global Load Balancing and Best in Behavioral Security, respectively. This annual award honors products and services that represent the rapidly changing needs and interests of technology end-users worldwide. As part of the tech-industry’s leading global awards program, this year’s Best Products and Services were nominated from all over the world
MphasiS Q2 net up at Rs 224 cr
Bangalore, May 21 The MphasiS Group, the Indian IT services subsidiary of Hewlett-Packard, reported a consolidated second quarter net profit of Rs 224.5 crore on revenues of Rs 1,048.5 crore aided by steady bill rates and a weak rupee. Net profit for the corresponding last quarter stood at Rs 70.3 crore on revenues of Rs 688.4 crore.
For the half-year ended April 2009, MphasiS recorded a net profit of Rs 434.5 crore on revenues of Rs 2,026.1 crore. The MphasiS scrip gained 4.4 per cent on the BSE to close at Rs 285.4 on Thursday.
MindTree sees first signs of revival
IT and R&D services provider MindTree Ltd has started seeing, in the last four or five weeks, the first signs of customers finalisin budgets, even as the focus is on deals strategic to clients’ business and on newer contract models.
Clients that had put initiatives on hold are preparing the shortlist and going ahead with the next level of decision-making, said Chief Executive Officer, MindTree. That is good because two months ago, people were not sure whether they were going to spend or not.
An SMS service now guides you the right direction
Bangalore is a rapid developing city with a population of around eight million people. And in such a big city, finding ways to reach a particular place becomes an arduous task. A resident of Kengeri may have no clue about how to get to the 10th cross at Koramangla, and asking a stranger is always not a wise decision.
Maintenance services now cash cow for IT vendors
As the current credit crunch is forcing IT clients to postpone the deployments of new technologies, Indian IT vendors are drawing more revenues from application maintenance services.
"Maintenance continues to be hot," said S. D. Shibulal, Chief Operating Officer, Infosys Technologies. "The new systems that clients were going to implement are delayed, which means there is more maintenance to be done," he added. Infosys has a new ticket-based pricing model for its maintenance services, where the customer is billed for the number of upkeep requests or the number of devices managed.
TCS solution for ABB unit
The UK unit of the ABB group has selected Tata Consultancy Services for carrying out a SAP ERP consolidation exercise.
TCS migrated ABB UK’s finance, human resource and operations functions onto a single SAP ERP system as part of the power major`s ‘One Simple ABB’ programme, according to a press statement.
Infosys to hire 1000 in US
Indian IT giant Infosys Technologies is planning to hire about 1,000 people across the U.S. over the next 12 to 18 months, despite the gloomy economical situation all over the world.
Utility Companies Plug In to Google PowerMeter
Google has partnered with eight electricity providers -- six in the U.S., one in Canada and one in India -- to combine smart meters with its PowerMeter software in an effort to give consumers more information about their electricity consumption habits. Smart meters record more information about power use than standard meters and can communicate information with the power provider.
Oracle Launches ‘End-to-End’ Smart Grid Software
The software giant has been helping utilities manage their data. With a new push into integrating smart grid systems, it's set its eyes on a market that's drawn heavyweights like Cisco, IBM and SAP.
Wipro Tech ties up with Oracle
Wipro Technologies said on Monday that its Business Process Outsourcing divison, Wipro BPO has partnered with Oracle for 'best-of-breed HR platform solutions.
Wipro has also selected The Hackett Group, a global strategic advisory firm, to provide empirical data, best practices and world-class performance insights on the development of its innovative bundled solution platform, it said in a release here.
Wipro unit bags $34 mn deal
Software exporter Wipro said its unit Infocrossing has bagged a 34-million-dollar four-year contract from US-based manufacturer and marketer of petroleum and petrochemical products Sunoco.
The contract is the extension of 13-year relationship Sunoco have with Infocrossing. Infocrossing has provided managed infrastructure outsourcing services to Sunoco since 1996, the company said in a release.
Saas the next growth driver for Xerox India
Printing and imaging solutions company Xerox India sees software as a service (SaaS) as the next cycle of growth for the industry. The company has been offering its suite of solutions directly for large customers and is now planning to offer it through its distributors.
TCS opens centre in Lucknow
Country’s largest software services exporter, Tata Consultancy Services (TCS), has opened a new development centre in Lucknow to develop solutions for global corporations and support the e-governance initiatives of Uttar Pradesh and Uttarakhand.
HP to cut 6,400 jobs
US computer giant Hewlett-Packard reported a 17-per cent fall in quarterly net profit and said it plans to cut two per cent of its workforce, or nearly 6,400 workers, over the next year.
HP said net profit fell to $1.7 billion, or 86 cents per share, in the second quarter of its fiscal year from $2.1 billion, or 87 cents per share, a year ago, in line with the expectations of Wall Street analysts.
Where is India's Google?
Though India is hailed as a technology hub, when it comes to search engines, it is yet to churn out its own Google; a search engine, which will be India centric and will cater to the Indian market. Apart from Guruji.com, no search engines do a web search in India. All other search engines are like web directories. "Indian search engine war has just begun. I think Indian Google is in the making. We are trying to replicate like what Baidu has done in China," says Anurag Dod, CEO & Co-Founder, Guruji.com. Baidu is a search engine designed to cater the Chinese market. It has been successful in diverting the traffic from Google to its own search engine. Indian search engines would like to replicate the same success. Microsoft and Yahoo have been investing a lot in search engines to compete with Google. So in this race, can any Indian search engine topple over Google?
Friday, May 15, 2009
Ixia Launches Test and Measurement Community
Ixia (News - Alert) is launching a new "TestTalk" Web site it hopes will ultimately become an independent industry forum and knowledge portal focused on communications test and measurement.
Ixia says there now is no such portal and community where industry personnel can find and share information about testing and validating protocols and architectures.
EMC Documentum Reaches New Heights
EMC Corporation recently demonstrated the market-leading scalability and performance of its EMC Documentum enterprise content management (ECM) platform in a new benchmarking study conducted in conjunction with HP and Microsoft Corp. For customers, these dramatic results mean companies deploying EMC Documentum 6.5 can now experience unprecedented levels of scalability and dramatic reductions in total cost of ownership.
The newly released study is one of the largest-ever benchmarks in the ECM industry, demonstrating 100,000 users of Documentum 6.5 engaging in a variety of content management-related transactions and sustaining that workload over the course of a 12-hour workday. Transactions included the most common content management activities. To read more about these transaction types, please view the full benchmark report at http://developer.emc.com/Documentum
GlobalLogic nets larger clients
Global offshore product development company, GlobalLogic India is witnessing a shift in its business from small to larger companies. Small companies contributed to 50 per cent of GlobalLogic’s businesses earlier.
AVP- business development, GlobalLogic India told Financial Chronicle that 60 per cent of the current inflow of jobs is from large companies. “The existing 60 per cent contribution from large enterprises is likely to grow to 65 per cent. Market conditions are forcing large companies to offshore product development jobs to India,” he said.
GlobalLogic to Help Customers Deliver New Products Based on IBM WebSphere Technology
GlobalLogic, the leader in global product development, today announced it will use IBM's WebSphere software portfolio to develop new software applications for the many technology companies and software-enabled businesses it serves. For independent software vendors that are members of IBM's global business partner ecosystem, GlobalLogic will establish individual Product Engineering Labs to help them drive quality, innovation and cost reduction across the full product lifecycle
Oracle cuts some support prices -- temporarily
Just a week after rival SAP AG revised its plan to raise support costs, Oracle Corp. announced plans to offer small, short-term discounts to large customers using older versions of its software.
The company last week said it will delay for a year or two -- depending on the application -- the 10% increase in support fees charged to customers transitioning from the premier support program to the extended plan. Customers are moved to the latter plan once the version of software they're using has been available for five years.
TiEcon 2009: The BOLD Entrepreneur to be held on Friday
Entrepreneurs, thought leaders, aspiring innovators would be among the 4,000 delegates descending on the Silicon Valley from later this week to debate the prospects for investment and entrepreneurial success in a recession-hit world.
Billed as one of the largest entrepreneurial conferences of the world, TiECon 2009 on May 15-16 will revolve around the theme “The Bold Entrepreneur” with delegates getting a chance to attend over 50 insightful sessions on what a business should do to tide over the bad times.
We were never overstaffed. Of course, we remain wary
Anil Valluri, VP and MD (India) GEM of Sun Microsystems talks to Business Standard on the acquisition of Sun Microsystems by database giant Oracle on April 29.
The Three Biggest Tech Barriers to Cloud Computing
At stake are the valuations of a gathering storm of public companies in technology, from Cisco, Juniper, F5 Networks, VMware, IBM, VMware, Microsoft and Citrix to advertising player Google and bookseller Amazon. The shape of adoption and growth will be impacted by how these barriers are addressed.
As I mentioned in "Dizzying Economics..." there is a business case war coming between the current cloud providers and the enterprise IT world. As these barriers are broken with innovation, cloud will move from consumer and SMB (small medium business) into larger and larger enterprise deployments. As a networking pundit, I see the three barriers in a network-centric perspective, from network security to the physical network and network management requirements
Global outsourcing market deal volume 7% lower in Q1
Global outsourcing market saw a seven per cent drop in transaction volumes in the first quarter of 2009 against the preceding quarter, according to Everest Research Institute. The global annual contract value (ACV) dropped 16 per cent to $2.97 billion during the period.
According to the latest ‘Market Vista: Q1 2009 report’ on global outsourcing and offshoring activity tracked by Everest, the transaction volumes in the BPO space fell 15 per cent.
“Revenues of offshore-centric suppliers registered a 2.3 per cent decline, while those of traditional global suppliers declined by 2.2 per cent,” Mr Nikhil Rajpal, Principal, Everest Group, said.
Oracle buys Virtual Iron, expands
Oracle Corp plans to acquire privately held virtualization software maker Virtual Iron, a move analysts said will put pressure on VMware Inc, the biggest player in the rapidly growing sector.
Thursday, May 14, 2009
Oracle Aims to Become the Apple of Data Center Hardware
Oracle's recent $7.4 billion bid for Sun Microsystems could turn Sun's ailing hardware business into a boon for data-center managers. But industry analysts question whether the software firm can turn Sun's hardware platform back into gold.
Cognizant in global services partnership with SAP
IT and business process outsourcing firm Cognizant on Wednesday said it has entered into a global services partnership with business software provider SAP AG to expand its global reach. With this agreement, Cognizant joins a select group of c ompanies that are a part of the SAP global services partnership programme.
TCS signs five-year contract with Volkswagen Group
India’s largest information technology (IT) firm, Tata Consultancy Services (TCS), has signed a five-year contract with UK-based automobile maker Volkswagen Group to deliver IT transformation and support services.
TCS will support Volkswagen in its business transformation programme to meet its aim to “sell more cars, sell more parts, drive down costs”. The IT major will support all the brands — Audi, SEAT, Škoda, Volkswagen Passenger Cars and Volkswagen Commercial Vehicles — within the group as they move to a consolidated, standardised business platform. This will increase the geographic mobility of Volkswagen Group’s UK employees, increase flexibility and lead to cost reduction. The company did not disclose the deal size.
Wipro bets big on product designing
Wipro may be best known for its software services but the software giant is now planning to venture into product designing space ranging from set top boxes, interactive television, mobile phones to medical electronics.
Wipro expects to double revenues from this field to $1 billion in the next two years.
HP has announced the launch of its LaserJet P2030 printer
HP has announced the launch of its LaserJet P2030 printer, “a high-performance monochrome laser printer that offers fast print speeds, professional-quality output and flexible connectivity options at an affordable price.” The P2035 is priced at Rs 18,499 and P2035n at Rs 26,299, according to the company. The HP LaserJet P203
CISCO names new VP for Operations
Cisco, a provider in networking services, today announced the appointment of B. Raghavendran as vice president, Channel Operations and Commercial Strategy, Cisco India & SAARC.
In this role, he would build and lead Cisco's partner efforts in the region. He would also focus on reinforcing Cisco's presence in the commercial segment, which is among the key growth markets for Cisco in the region, said a press release
SaaS ERP Asia Pacific market set for massive growth: Report
The market in Asia Pacific for SaaS-based ERP solutions is forecast to grow by a whopping US$158 million over the next four years, with China currently showing the highest levels of SaaS ERP adoption within the region’s manufacturing sector.
In its latest report, Springboard Research says the Asia Pacific market (excluding Japan) for SaaS-based ERP solutions is estimated to grow from US$35 million last year to US$193 million by 2012.
Indian entrepreneurs to tap E-learning Outsourcing industry
The E-learning Outsourcing industry in India is expected to achieve revenue growth by $603 million by the end of 2012. The Compound Annual Growth Rate (CAGR) is expected at 15 percent per year, which might also waver till 2010 because of the global economic recession.
Dataquest presents top 25 Indian Web 2.0 start-ups
Dataquest presents top 25 Indian Web 2.0 start-ups...
IBM buys data analytics software maker Exeros
International Business Machines Corp, the world's second-largest software maker, said on Tuesday it has acquired Exeros, a privately held maker of computer programs that help companies analyze data across corporate databases.
Friday, May 8, 2009
Radware Ltd. Announces Q109 Results
Radware (NASDAQ: RDWR), the leading provider of integrated application delivery solutions for business-smart networking, today reported quarterly revenues of $20.5 million for the first quarter of 2009. This represents a decrease of 8% compared with revenues of $22.2 million for the first quarter of 2008.
A.P. Moller - Maersk Group reduces CO2 emissions by 9%
A.P. Moller - Maersk Group is reducing its impact on the climate with a drop of 9% in CO2 emissions in 2008 compared to the previous year. This represents a fall of 5 million tonnes CO2 and has been achieved through lower fuel consumption on ships and reduced flaring from platforms. The positive trend is continuing in 2009 in line with the Group’s new environmental strategy, which was decided last year and now being implemented throughout the various business units.
Ixia Expands into Virtual Network, Virtualization Testing
Ixia – a supplier of test, measurement and service verification solutions to Internet equipment manufacturers, carriers, service providers, government agencies and enterprises – recently released its IxVM product suite, helping data center managers assess virtual infrastructure performance and capacity.
IXIA exhibits at Interop
Interop
May 19-21, 2009
Focus: Enterprise Technology
Booth: #1813
Venue: Mandalay Bay Convention Center
Location: Las Vegas, NV
IXIA exhibits at Management World 2009
Management World 2009
May 06-08, 2009
Focus: Communications Conference
Booth: ##154
Venue: Acropolis Convention Center
Location: Nice, France
Juniper intros new SRX, EX series
Juniper Networks announced its network infrastructure for the distributed enterprise, including new additions to the SRX series services gateways and a new line of EX series Ethernet switches.
Patni Computer looks to enter the big league
IT services firm Patni Computer Services wants to move into the league of top five Indian software providers that will give it an access to bigger contracts and projects.
The company will evaluate acquisitions in the areas of business process outsourcing and infrastructure management services , CEO Jeya Kumar said. However, considerations for acquisitions will be intellectual property and not scale, said Mr Kumar.
MindTree plans to invest $20.5 mn in '09-10
MindTree, an IT solution company, is planning to invest around $20.5 million (Rs 102 crore) towards capital expenditure this year in 2009-10. The company is also planning to set up a new facility in Bhubaneswar.
At the Emerge Out Conclave 2008, organized by NASSCOM in Chennai, MindTree said the proposed investment of $20.5 million is up from $11.5 million last year. The investment will be towards creating additional facilities in Chennai and Bangalore
March numbers spur MindTree
The stock rose 21 per cent to Rs 305.50 in the three trading sessions last week on strong profit growth during the quarter ended March 2009. Its consolidated net profit jumped 115.6 per cent to Rs 18.80 crore over the sequential quarter ended December 2008.
The small-cap stock has outperformed the market over the past one month, gaining 49 per cent compared to a 19 per cent gain in the Sensex. The current price of Rs 305 discounts its earning per share of Rs 13.84 for the year ended March 2009 by 22.03 times. Compared to this, Infosys is available at P/E of 14.42, TCS at 11.60 and Wipro at 12.41, based on their EPS for the year ended March 2009.
Oracle won't divest Sun's hardware business
Oracle Corp Chief Executive Larry Ellison said he won't sell off Sun Microsystems Inc's hardware business, dispelling speculation that he only wanted the company for it software products.
Oracle set to release seven SaaS offerings
Oracle is poised to announce seven software-as-a-service offerings, including applications for sales and marketing and HR professionals, according to a Wall Street Journal report, which cited sources briefed on the plans and a company document.
Selling on-demand software becomes more appealing in a recession owing to customers' needs for services that give fast time to value, avoid IT expenses and limit licensing costs
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Wipro sees demand picking up in 2nd half FY10
Wipro Ltd sees demand picking up in the second half of 2009/10 and some stability is returning to the nervous business environment .
Tatas sell 1.03 crore shares of TCS
The Tata group on Wednesday sold 1.03 crore shares of Tata Consultancy Services, making it one of the most traded stocks in the Nifty pack.
The sale amount works up to more than one per cent stake in the company. A total of 1.31 crore equity shares of TCS exchanged hands on the NSE on Wednesday.
The share price of TCS dipped 2.4 per cent on the NSE on Wednesday to close at Rs635.35.
Promoter group company Tata Ltd sold the shares through the bulk deal route at Rs 615.04 a piece, bringing the seller around Rs 633.94 crore.
Cognizant Q1 profit up 11 p.c.
Solutions Corporation, a provider in information technology services, today reported a net profit of $113.1 million for the first quarter of 2009, up 11 per cent from the year-ago quarter.
Facebook embraces Indian languages
Have you ever thought of connecting with your peers on social network sites in your own language? If you speak Hindi, Punjabi, Bengali, Telugu, Tamil or Malayalam, now you can use social networking site Facebook in any of these languages to connect with your people.
IBM buys data analytics software maker Exeros
International Business Machines Corp, the world's second-largest software maker, said on Tuesday it has acquired Exeros, a privately held maker of computer programs that help companies analyze data across corporate databases.
Polaris, HP India ink software tie- up
HP and Polaris enters into an agreement to jointly market and deliver a range of solutions covering software, services and system integration for businesses in India.
HP India and Polaris Software Lab Limited (Polaris), announced an agreement to jointly market and deliver a range of solutions covering software, services and system integration for businesses in India. The two companies will explore new opportunities for strengthening and expanding offerings for customers in the Financial Services Industries (FSI) and software testing segments.
Cisco To Partners: Accelerate The Core
Cisco Systems has updated and enhanced its Navigate To Accelerate partner initiative, adding a host of new incentives designed to get partners to crack into the $20 billion available for upgrading their existing customer base with core networking gear.
Monday, May 4, 2009
Radware Receives 2009 NGN Leadership Award from NGN Magazine
The leading provider of integrated application delivery solutions for business-smart networking, today announced that Technology Marketing Corporation (TMC), www.tmcnet.com, has named Radware’s Mobile Internet Gateway solution as a recipient of the First Annual NGN Leadership Award presented by TMC’s publication, NGN, www.ngnmag.com.
MindTree net profit down by over 55 per cent
MindTree Ltd, a provider in IT solutions and services, announced on Monday that its profit dipped by 55.5 per cent during the financial year 2008-09, despite an increase in revenue.
While the profit came down by over 55 per cent Y-o-Y to Rs 52.31 crore from Rs 103.3 crore as on March 2008, revenue was up by over 67 per cent to 1237.5 crore from last years revenue of Rs 739.8 crore