Radware (NASDAQ: RDWR), the leading provider of integrated application delivery solutions for business-smart networking, today announced that it has appointed Mr. Ramesh Barasia as President of the Americas.
Since the acquisition of Alteon, Radware has been increasing its enterprise and carrier customer base as well as its channel footprint in the Americas. To implement a strong strategy that will continue to grow business in the Americas, Mr. Ramesh Barasia, will join the global management team.
Monday, June 29, 2009
Radware Appoints New President of the Americas
Ixia Completes Acquisition of Wireless Test Vendor Catapult Communications
Ixia (NASDAQ: XXIA), a leading, global provider of converged IP performance test systems, today announced that it has completed its acquisition of Catapult Communications Corporation (“Catapult”) for approximately $105 million, or $63 million net of Catapult’s cash and investments. The acquisition was conducted by…
Nortel aims to close Nokia deal by August
Nortel Networks Corp. aims to close its $650-million (U.S.) deal to sell wireless assets to Nokia Siemens Networks by the end of August.
Nortel, which filed for protection from creditors in January, wants the courts to sign off on the deal by July 30 and has recommended July 21 as the cut-off date for any rival bids, Ernst and Young Inc., the court-appointed monitor.
Kronos Worldwide Inc. (KRO) Chairman of the Board, 10% Owner Harold C Simmons buys 3,705 Shares
Chairman of the Board, 10% Owner of Kronos Worldwide Inc. (KRO) Harold C Simmons buys 3,705 shares of KRO on 06/19/2009 at an average price of $7.57 a share.
Polaris CEO takes home higher pay
A good financial performance by Polaris Software Labs has led to higher salaries and perks for its Chairman and Chief Executive Officer, Mr Arun Jain, for 2008-09. In 2008-09, Mr Jain took home Rs 1.18 crore as salary, perquisites and allowances, including Rs 53.03 lakh as bonus, which is calculated on performance criteria.
Patni opens centre in Mexico
Patni Computer Systems on Monday today announced the opening of a new delivery centre in Queretaro, Mexico to augment its global delivery capabilities and serve the North American and Latin American markets
Juniper 100GE interface leaves Cisco behindcomp
Digital world is expanding like never before and India is no exception. The country, which is one of the fastest growing telecom markets in the world, will soon see a high demand for higher bandwidth applications with the advent of 3G.
MindTree Partners with Bluetooth Special Interest Group to Develop MCAP Test Suite for PTS
MindTree Ltd, a global IT Solutions Company and a leading provider of Bluetooth intellectual property (IP) solutions, today announced the release of a new protocol test suite developed for the Bluetooth Profile Tuning Suite (PTS). The PTS is a test tool created by the Bluetooth Special Interest Group (SIG) that automates protocol and profile testing by SIG members — producing more accurate, higher quality test results and improved interoperability for Bluetooth-enabled products.
Perot Systems expands Indian operations
Perot Systems, an IT services and business solutions company has opened its sixth major office in India in Hyderabad. The 24,000-square-foot facility is part of Perot's global delivery network which links IT services and business process specialists in the U.S., Asia Pacific, EMEA (Europe, Middle East and Africa) and Latin America.
Perot Systems, an IT services and business solutions company has opened its sixth major office in India in Hyderabad. The 24,000-square-foot facility is part of Perot's global delivery network which links IT services and business process specialists in the U.S., Asia Pacific, EMEA (Europe, Middle East and Africa) and Latin America.
HP to make mobiles 'central to computing'
HP is a leading global manufacturer of personal computers (PCs). However, given falling PC sales, Hewlett-Packard (HP), which gets over $3 billion in sales from its India subsidiary, plans to sharpen focus on making mobiles, and not PCs, the centre of computing
TCS loses Rs 225 cr e-governance deal: report
Sukhdeo Thorat, chairman of University Grants Commission (UGC) and a favourite of former human resource development minister Arjun Singh, is in dock for allegedly favouring Tata Consultancy Services (TCS) in the bidding process for its e-governance project, a media report said on Thursday.
The matter has now reached the Prime Minister's Office, which has sought a report from the ministry, the DNA newspaper reported. It said a vigilance inquiry has found "several irregularities" in the tendering process of UGC's Rs 225 crore e-governance project.
SAP offers new software suite for SMEs
Business intelligence (BI) tools are now trickling down from the enterprise level to the small and medium enterprise (SME) arena as German software firm SAP AG announced the release of Business Objects Explorer software that helps act quickly and make effective decisions based on real-time data
Industry lauds Nilekani’s appointment
The industry lauded Government’s move to appoint Mr Nandan Nilekani as head of the Unique Identification Authority, though analysts were divided on the impact of his exit from Infosys.
“Nilekani was the biggest brand ambassador for Infosys on the clients’ side and had personal access to the board rooms of many large global firms. It would be a set back for the company,” said Mr Sudin Apte, Head of Forrester Research in India.
However, Mr Harit Shah, analyst at Angel Broking felt that Mr Nilekani’s exit would have no impact though the company’s top brass could miss his experience and guidance on handling strategic issues.
Infosys - Value at home
Infosys Technologies intends to ramp up business in the domestic market. It recently set up an India-dedicated unit within Infosys BPO — its business process outsourcing arm. The order book has already begun to see action, inform company executives. The domestic BPO arm has won a Rs 250-crore BPO contract from the income-tax department and is soon going to sign a letter of intent for another government deal, says Infosys BPO CEO and Managing Director Amitabh Chaudhry
Indian startup vies for $250,000 prize money
Innoz, a company floated by students of LBS College of Engineering at Kasargode in the state, is the only Indian start-up among 16 such firms vying for a $250,000 prize money Tuesday in a global competition for the best business plan.
The prestigious Global Business Plan Competition, co-sponsored by US-based venture capitalist Draper Fisher Jurvetson (DFJ) and networking and communications technology major Cisco, is for university and business school students.
Tata Comm, Telx in alliance
Tata Communications has joined hands with Telx, one of North America’s largest interconnection and co-location data centre operators, in a broad-ranging global alliance, to leverage each company’s co-location space in its respective countries of operations.
Secondary PCs pose threat to emerging mkts
Demand for secondary PCs will outstrip supply for years to come, but reuse does not necessarily mean "greener" IT. According to Gartner, Inc., growing exports for reuse or recycling are leading to increasing e-waste in emerging markets.
Meike Escherich, principal research analyst, Gartner, said: "Although reuse must be considered preferable to most other forms of waste management, without effective controls, exports for reuse can be an excuse for dumping, and even in the best case result in 'passing the toxic buck' to emerging economies, which are seldom equipped to deal with this problem in an environmentally and socially responsible way."
Friday, June 19, 2009
Sterlite Tech bags Rs 250-cr contract from BSNL
Sterlite Technologies, backed by Chinese vendor Huawei, has been awarded a Rs 250-crore contract by Bharat Sanchar Nigam Ltd to roll out the next generation of broadband technology called Gigabit-capable Passive Optical Network (GPON).
SoftPro buys S. African co for $19 m
Sterlite Technologies, backed by Chinese vendor Huawei, has been awarded a Rs 250-crore contract by Bharat Sanchar Nigam Ltd to roll out the next generation of broadband technology called Gigabit-capable Passive Optical Network (GPON)
HP and Alcatel-Lucent form global alliance
Global technology majors HP and Alcatel-Lucent have signed a relationship agreement to form a 10-year global alliance to jointly market solutions and capabilities that enable end-to-end transformation for service providers and enterprises.
Through the alignment of their offerings and common solutions, HP and Alcatel-Lucent plan to create a ‘one-stop shop’ to empower enterprises to effectively create and manage truly integrated communication environments.
PEs push firms for outsourcing, deter Obama's move
Private Equity (PE) is untying the move of U.S. President Barack Obama by pushing companies to send their IT and back-office operations to cheaper destinations, reports Economic Times. This has helped Indian outsourcing companies to close a number of deals with pharma, manufacturing, retail and energy utility companies.
AcCells and mChek brings patent for Contactless Payments
AcCells and mChek, big players in the field of mobile technology have showcased a patent pending breakthrough for Contactless Payments. The solution provides good user experience, transaction cost and efficiency, combining the service initiation by AcCells mID and transaction authorization with the mChek SIM Toolkit. The solution works with all existing mobile phones as it does not require any change to infrastructure and platforms of mobile network operators and the banking infrastructure, which also works in MNO-led or Bank-led environments.
LG Electronics forays into B2B
With an eye on the largely untapped B2B market, LG Electronics India today broadened its portfolio in the IT hardware segment by announcing the launch of new cutting-edge technology products that offer innovative business solutions.
The latest hardware offerings from LG Electronics include network monitors with an integrated network solution, LED projectors, Network Attached Storage (NAS) device with inbuilt Blu-ray drives for secondary storage and digital signage products and LG Monitor TV.
Bupa appoints two new board members
Bupa, the leading health and care company, today appointed Professor Sir John Tooke and Lawrence Churchill to its board as non-executive directors, with effect from 1 July 2009.
Announcing the appointments Lord Leitch, chairman of Bupa, said:
“We are fortunate to have attracted two individuals with such strong credentials.
John will contribute his considerable medical and academic expertise, and Lawrence has an impressive track record in the finance and insurance sectors. Their appointments further strengthen the board’s knowledge and experience. We look forward to welcoming them.
Ixia Wins Two Best of Show Awards at Interop Japan 2009
IXIA global provider of IP performance test systems, today announced that its “K2” 100 Gigabit Ethernet (GE) solution was awarded Interop Japan’s Best of Show “Grand Prix” award while it’s next generation Acceleron™-NP load module, which provides the industry with an unmatched level of appication layer test emulation capacity, garnered Best of Show in the Test and Measurement category. Ixia was also instrumental in NTT Communications’ Best of Show “Grand Prix” award for a demonstration of its next generation ultra high speed network technology – a 100 Gbps test between the show floor and NTT office in Otemachi (Tokyo), in which an Ixia K2 was used to generate and analyze traffic.
Q3 Technologies announced a new arena of Custom software development
Q3 Technologies, a large diversified technology company offering technology consulting and outsourced software development services to the global IT industry, will be exhibiting at CeBIT 2009 to be held in Hannover, Germany from 3rd – 8th March 2009. This will be Q3 Technologies’ third consecutive year at CeBIT.
Patni appoints Manish Soman Executive Vice-President
Patni Computer Systems on Tuesday said it has appointed Manish Soman Executive Vice-President and Chief of Operations of its Executive Leadership Team.
Soman would be responsible for driving the company's key operations including sales, technology, and resource planning, the company said in a statement. Before joining Patni, Manish was Senior Vice-President and Business Leader (Software) with Genpact
HP Oracle Database Machine, New Approach to Data Warehousing
Data warehousing has become even more important recently as companies seek to store ever-larger and more embracive repositories of information. So it makes sense that instead of simply having data warehousing software that sits on top of myriad disparate systems and tries to make sense of it, that eventually the vendors would get together and create an entire data warehousing ecosystem from the ground up.
Wipro develops HDM with EMC Corporation
Wipro launched Hosted Document Management (HDM) solution – an enterprise document management offering based on the Software as a Service (SaaS) model. The solution was developed as part of the strategic alliance between Wipro and EMC Corporation and is based on EMC Documentum Enterprise Content Management 6.5. It is designed to help enterprises address the need for robust and scalable enterprise content management (ECM) solutions.
Infosys eyes buys in Mexico, Brazil to improve operations
Infosys Technologies Ltd is eyeing acquisitions in Mexico and Brazil to expand its delivery capability and grow business from local organisations in these geographies.
The company, which expects its first centre in Brazil to be operational in the next three to four months and currently employs about 250 people in Mexico, said it is important to have local facility to attract local business.
Friday, June 12, 2009
Ability Matters Limited Becomes Motability Accredited
Ability Matters, based in Oxford, is now an official accredited dealer on the Motability Powered Wheelchair and Scooter Scheme. Its specialists are able to offer advice on the Scheme and assist customers with choosing the right powered wheelchair or scooter for their individual mobility needs.
Groupama Seguros Selects Radware to Increase Web Applications Performance
Radware (NASDAQ: RDWR), the leading provider of integrated application delivery solutions for business-smart networking, announced today that Groupama Seguros, the Spanish subsidiary of Groupama a worldwide mutual insurance, banking and financial services group, has successfully deployed core products of Radware´s APSolute suite, which combine to optimize application delivery and protect against emerging attacks.
Safelite AutoGlass Selects Kronos® to Manage 8,000 Employees
Safelite AutoGlass, a long-time Kronos® Incorporated customer, has upgraded to version 6.1 of the Kronos Workforce Central® suite. The workforce management solution will be used by 8,000 Safelite AutoGlass employees in 395 locations in all 50 states.
Cisco launches 'innovative branch' solution for banks
Cisco has launched a solution that would enable banks to optimise its services in their branches.
Today banks are exploring options beyond core banking system. They are looking at ways to differentiate and increase revenues, especially in their top branches.
Juniper, Nokia Siemens to form carrier Ethernet JV
Juniper Networks, a networking solutions provider, and Nokia Siemens Networks, a telecommunications services provider, announced a joint venture aimed at the carrier Ethernet market.
The companies said the venture will be headquartered in the Netherlands and extend their previous partnership.
Eureka Forbes teams up with IBM
IBM has signed a five-year end-to-end business transformation and information technology outsourcing agreement with Eureka Forbes. Valued at $15 million, the deal will help Eureka Forbes achieve growth by aligning its IT to business strategy.
As part of the deal, IBM will provide business consulting, package implementation, infrastructure and application management services to Eureka Forbes.
Infosys Is Ready to Boost Staff in Case of ‘Hire American’ Law
Infosys Technologies Ltd., India’s second-largest provider of software services, plans to boost hiring in the U.S. if a proposal to restrict the country’s work visas becomes law, said B. G. Srinivas, a company executive.
TCS saves Rs 125 cr through R&D
The country’s largest software exporter, Tata Consultancy Services, achieved cost savings of $26 million (about Rs 125 crore) last fiscal thanks to in-house R&D.
This was over twice as much the roughly $12 million (Rs 57 crore) saved in 2007-08.“The CTO (Chief Technology Officer) and R&D go-to-market team were able to influence customers and facilitate business wins in several verticals.
Wipro BPO eyeing large IT deals with Fortune 500 majors
Wipro BPO, the $395-million arm of Wipro Technologies, is eyeing four-five large outsourcing contracts in the $60-$150 million range with Fortune 500 majors in the telecom, healthcare, banking & financial services and retail space.
SAP to Make Online Software Push
Software maker SAP is about to make its second foray into the world of online software.
In September 2007, SAP unveiled an online version of its management software aimed at small businesses. The product languished, with the company’s co-CEOs last year saying that they wouldn’t sell it because it didn’t make any money.
Satyam bags contracts worth $380 million
Satyam Computer Services, reeling under the impact of India’s largest corporate scandal, managed to bag new business orders worth $380 million (around Rs 1,800 crore), as on March 26, 2009. These deals have come from 215 of its existing clients, the company said in a filing to the Bombay Stock Exchange (BSE).
EMC plans Asia expansion, optimistic on 2010
EMC Corp, the world’s top maker of data storage equipment, aims to expand operations in China, India and other Asian countries despite the slowdown in the global economy, its Asia Pacific chief said on Wednesday.
Steven Leonard, EMC’s Asia Pacific and Japan president, told Reuters he feels more optimistic about 2010 on hopes for an economic recovery, but business conditions over the next six months will remain a challenge.
Harris: A 'hippo' wades into IPO market
HPPO stands for hybrid private-public offering — InsideVenture's untested alternative to the conventional IPO, or initial public stock offering. A robust IPO market is considered essential to the health of venture capital and the innovation it finances. But even with the recent splashy debuts of OpenTable and Rosetta Stone, the IPO market hasn't been healthy since 2007.
Our priority is to ensure IT is accessible to all
Mr Sachin Pilot, the new Minister of State for IT and Communications, is one of the youngest faces in the Council of Ministers. This Congress MP from Ajmer believes that accessible and affordable technologies need to reach out all sections of the society, particularly to those who have not yet enjoyed the fruits of technical innovation and advancement. Quite naturally, the roll-out of the National e-Governance Programme is right on top of his priority list. The Minister also feels that while the protectionist signals emanating from the Western markets do not augur well for a globalised economy, Indian industry too needs to do its bit by continuing to innovate and explore new geographies.
In a candid chat with Business Line, the young Minister talks about his action plan for the hi-tech sector .
Intel to buy Wind River Systems for $884 mn
Intel aims to get a stronger foothold in the embedded systems and mobile handheld devices space
Friday, June 5, 2009
Chemoil Ofshore deliveries reaches 850,000 Metric tons in Gulf of Mexico
Chemoil''s Offshore deliveries in the Gulf Of Mexico reach 850,000 Metric tons in less than two years of operations
Radware Receives 2008 Communications Solutions Product of the Year Award
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.
Adobe, NVIDIA accelerate GPU in Flash
At Computex, NVIDIA , a provider of the GPU, and Adobe Systems Incorporated , today announced that they have been collaborating as part of the Open Screen Project to optimize and enable Adobe Flash Player to leverage GPU video and graphics acceleration on a wide range of mobile Internet devices, including net-books, tablets, mobile phones and other on-the-go media devices.
Adobe Aligns Software Branding to Shine Light on Flash
Adobe is aligning its Web design and developer tools, including a new one available for testing Monday, under its Flash brand to emphasize the heart of its strategy to give developers everything they need to build RIAs.
Adobe FlexBuilder is being rebranded as Adobe FlashBuilder to alleviate
MphasiS makes three-fold jump in profit
The MphasiS Group, a provider IT services, announced its consolidated results for the fourth quarter that ended on April 2009.
The net profit was up by 219.1 per cent from Rs. 70.3 crore to Rs. 224.5 crore. Operating profit during the quarter ended 30 April 2009 was Rs. 226.6 crore, a growth of 240.0 per cent over the same quarter last year, said a press release.
Mastek's P&C Insurance Billing Solution Ranked as a Leader by Celent
Mastek, a high-end IT solutions player with global operations providing new technology and IP-led enterprise solutions with a focus on the Insurance and Government verticals worldwide, announced today that its STG Billing Solution for property and casualty (P&C) insurers has been ranked by analyst firm Celent as a market leader. In a newly released report by Celent, Billing System Vendors: U.S. Property / Casualty Market 2009, Mastek's wholly-owned US subsidiary MajescoMastek is recognized as having the largest customer base among 10 P&C system vendors receiving a full profile.
Patni launches `Claims as a Service`
Patni Computer Systems, a leading global IT and BPO Services Company today announced `Claims as a Service (CaaS)`, an innovation solution specifically designed for the healthcare payer market.
Available for immediate delivery, CaaS is a hosted solution powered by Trizetto`s QNXT core administration platform that combines their market leading software technology with Patni`s world class IT and BPO services.
MindTree Ranked 45th among the IAOP Global Outsourcing 100
MindTree Ltd., a global IT Solutions Company, today announced that it has been ranked 45th and also adjudged a Leader in The 2009 Global Outsourcing 100 List by the International Association of Outsourcing Professionals (IAOP).
Among a diverse set of outsourcing companies worldwide, MindTree was selected by an independent panel of industry-recognized leaders based on multiple measurement criteria such as customer satisfaction levels, employee management, executive leadership, differentiated service offerings, recognitions, size, revenue, and depth of competencies, among others
Mindtree wants to tap healthcare
Mindtree plans to address the lucrative healthcare market for technology solutions with its newly-developed telemedicine boxes, as the company seeks to sustain its growth at a time when the market for software services is seeing lower demand.
It has already designed a prototype of the telemedicine box, and is currently in talks with several equipment manufacturers, including Sanmina-SCI and Flextronics, for launching them in the market this year.
Cognizant Q1 profit up 11 p.c
Cognizant Technology 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.
It recorded a quarterly revenue of $745.9 million, up 16 per cent from Q1 2008, which beats the revenue guidance of at least $735 million, said a press release
Maureen Breakiron-Evan elected to Cognizant Board
Cognizant, a provider of consulting, technology, and business process outsourcing services, announced on Tuesday that Maureen Breakiron-Evans has been elected to its Board of Directors and will serve on the company's audit committee.
Francisco D'Souza, president and chief executive officer of Cognizant, commented, "We are delighted to welcome Maureen Breakiron-Evans to Cognizant's Board of Directors. Maureen is a proven leader with deep financial knowledge and expertise. Her experience and strategic insight will be a valuable asset as Cognizant continues to expand our growth platform in the coming years."
Subex expands Managed Services offering
Subex Limited, a provider of Operations and Business Support Systems (OSS/BSS), announced on Tuesday the launch of its Managed Services (MS) Center of Excellence (CoE).
HCL Will Seek Acquisitions During the Recession, Nayar Says
HCL the Indian software-services company controlled by billionaire Shiv Nadar, plans to take advantage of the recession by making acquisitions.
“In the downturn, you should press the accelerator,” Vineet Nayar, chief executive officer of the Noida, India-based company, said in an interview in New York.
Cisco taking managed services to the masses
Cisco Systems is striving to make managed services appeal to the masses by lowering the barrier of entry for the channel.
At the Cisco Partner Summit, held here, the company launched the next generation of its Managed Services Channel Program (MSCP), to be made available on Aug. 31st, in hopes of attracting thousands of channel partners.
Infosys invests Rs 63-cr in overseas subsidiaries
IT major, Infosys Technologies, has incurred a capital expenditure of Rs 63 crore in its three loss-making subsidiaries in China, Mexico and the US, the company said in its annual report.
We have invested Rs 22-crore each in Infosys Mexico and Infosys Consulting Inc based in Texas, US, while making an additional investment of Rs 19 crore in Infosys China during FY 09,' Infosys Chief Executive Officer and Managing Director, said in the report.
The company has invested Rs 193-crore ($45-million) in Infosys Consulting, which includes an investment of Rs 81 crore in FY 08.
Polaris Software partners with Egyptian firm
Summit Technology Solutions (STS), a Summit Holding company, Egypt, announced its partnership with Polaris Software Lab, a leading financial technology company.
Through partnering with Summit Technology Solutions in Egypt, Polaris has made its first major product go-live in the Egypt market. Intellect Lending, Polaris` product for Mortgage finance has been chosen by Tamweel, Egypt`s third licensed mortgage company to boost their time-to-market and has been the first to have such an automated system in Egypt.
NIIT leads the way to address talent shortage in Infrastructure Management space`
Leading Global Talent Development Corporation and Asia largest IT Trainer, NIIT today announced a pioneering initiative to create a talent pool, aimed at meeting the industry's growing need for certified professionals in the Infrastructure Management Services (IMS) space. NIIT has brought together global technology giants Cisco, CompTIA, EMC, Microsoft, and Sun, to co-design an industry-aligned GNIIT (IMS) program that will provide students an application- based learning experience, mapped to global certifications, Short duration, specialization programs as well as B Sc (ITIM) from Kuvempu University are part of the comprehensive offerings from NIIT. This initiative aims at benefiting- individuals, by enabling an iron-clad career for them; organizations, by providing them with the assurance of NIIT training expertise and finally the IMS industry itself by making available - globally certified, first day first-hour ready manpower for meeting industry needs.
Microsoft to buy bio software operation
Microsoft Corp said on Monday it would buy some of the assets of Rosetta Biosoftware, part of a Merck & Co Inc unit which makes data management software for medical researchers, furthering Microsoft's push into the expanding healthcare technology business
EMC announces acquisition of Configuresoft
EMC Corporation a provider in information infrastructure solutions, today announced that it has signed a definitive agreement to acquire privately-held Configuresoft, Inc., a provider of server configuration, change and compliance management software.
Today's announcement extends EMC's powerful solutions for managing the entire IT information infrastructure across storage, networks, servers, and applications – enabling customers to automate visibility and control across physical and virtual data centers, said a press release.
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