SEACOM’s sub-sea cable has launched today, providing southern and eastern Africa with high capacity connectivity at much lower rates than traditional satellite networks. The 17,000 kilometre intercontinental fibre optic network will also connect to Interoute’s pan-European fibre optic network from its landing point in Marseille, providing access to major business centres in Europe and throughout the rest of the world.
Friday, July 31, 2009
Interoute - New fibre optic sub-sea cable goes live today, createing a digital superhighway from Africa to Europe, Asia and beyond
Radware Ltd. Announces Q2 Results
Radware (NASDAQ: RDWR), the leading provider of integrated application delivery solutions for business-smart networking, today reported record quarterly revenues of $27.1 million for the second quarter of 2009. This represents an increase of 13% compared with revenues of $24.0 million for the second quarter of 2008 and an increase of 32% compared with revenues of $20.5 in the first quarter of 2009.
Net income on a Non-GAAP basis for the second quarter of 2009 was $0.8 million or $0.04 per diluted share, compared with a net loss of $5.0 million or $0.25 per diluted share in the second quarter of 2008. Net income on a Non-GAAP basis excludes the impact of stock based compensation expenses and amortization of intangible assets.
Net loss on a GAAP basis for the second quarter of 2009 was $1.7 million or $0.09 per diluted share. Net loss for the second quarter of 2008 was $7.1million or $0.36 per diluted share.
Four Soft net down
Four Soft, provider of IT solutions to the logistics industry, has registered a net profit of Rs 48 lakh for the quarter ended June 30, as against Rs 27.73 crore in the same quarter last year.
Zylog acquisition plan
One is a US-based company specialising in the development of advanced technology products and solutions to the US Federal, State and local governments.
The other is in the Asia-Pacific region focusing on e-governance, healthcare solutions and hospitals management systems.
The board approved the acquisitions and also the appointment of the Finance Controller, Mr S.P. Srihari, as the head of its India operations.
Zensar Tech plans stock buyback
The board of directors of Zensar Technologies has announced a stock buyback plan with a maximum price of Rs 165 a share and a minimum outlay of Rs 40 crore.
Dr Ganesh Natarajan, Vice-Chairman and Managing Director, said a committee of directors would finalise the plan, which would be subject to shareholder approval through postal ballot. He said the promoters, the RPG Group, has 53 per cent shareholding. Electra holds 21 per cent share and the rest are with the public.
Subex back in black on FCCB restatement
Better cost management and gains from restatement of foreign currency convertible bonds (FCCBs) helped telecom software maker Subex Ltd bounce back into the black in the June quarter.
The company posted a net profit of Rs 35.12 crore on revenues of Rs 122.7 crore for the June quarter compared with a loss of Rs 65.6 crore on revenues of Rs 136.49 crore for the June quarter last fiscal.
Product revenues for the quarter stood at Rs 94.35 crore, accounting for 80.23 per cent of the overall revenues.
The rupee movement against the dollar during the quarter resulted in a gain of Rs 50.6 crore from the restatement of FCCBs.
The company also saw its employee-related costs decline to Rs 81.6 crore (Rs 106.1 crore).
Patni to seek acquisitions in Europe, Asia-Pacific
Software firm Patni Computer will seek acquisitions in Europe and the Asia-Pacific to help lower its dependence on the US, an official said on Thursday, boosting shares to its highest since November 2007.
The company will look at targets in the range of $50 million-$200 million, chief financial officer Surjeet Singh told Reuters in an interview over the telephone.
“Having done the portfolio gap analysis now, we are also acquisitive as a firm. So, therefore, you will see inorganic activity as well,” Singh said after the New York-listed Patni Computer Systems Ltd reported June-quarter results.
Oracle Buys Data Integration Player GoldenGate
Database and enterprise applications giant Oracle (NASDAQ: ORCL) on Thursday announced that it's buying GoldenGate Software in a move to buttress its offerings with new high-availability and data-integration capabilities.
For Oracle, the deal enables it to offer continuous access to business-critical applications as well as high-performance data integration. GoldenGate's transactional data management platform for real-time data integration -- movement, replication and synchronization -- and high-availability enterprise apps
Wipro, BJ’s in 5-yr deal
Wipro Technologies has signed a five-year deal with BJ’s Wholesale Club Inc — the Massachusetts-based membership warehouse club — to provide IT data centre and application management services.
BJ’s is in the business of providing its members value on brand-name groceries, consumer electronics, apparels, household items and seasonal products.
Under this agreement, Wipro will migrate BJ’s mainframe and open systems environment to its data centre in Omaha, Nebraska. This will enable the warehouse club to streamline its infrastructure solutions, provide operational flexibility and improve applications support while more efficiently managing the long-term IT spend, Wipro said in a statement.
Wipro to go aggressively after Govt contracts
In a move aimed at going aggressively after Government contracts, IT services major Wipro is ‘revisiting’ its strategy and game plan with regard to the Government business.
“Government business has been a thrust area for us…But we feel that our plans have been somewhat conservative. We expect the business to be big in this space, and so the exercise is aimed at leveraging our full capability in tapping the opportunities,” Mr Suresh Vaswani, Joint Chief Executive Officer of Wipro Ltd, said
Oracle Financial Q1 net profit up 76%
today said its consolidated net profit rose by 75.99 per cent to Rs 185.78 crore for the first quarter ended June 30, 2009, over the same period last year.
Consolidated total income decreased to Rs 670.1 crore in the latest quarter against Rs 681.02 crore in the same period last fiscal, the company said in a filing to the Bombay Stock Exchange (BSE).
"We are pleased to open fiscal year 2010 on a positive note, with product business revenues of Rs 442 crore, an increase of 22 per cent compared to the same quarter last year," Oracle Financial Services MD and CEO N R K Raman said.
Polaris Q1 net down; biz volumes shifting offshore
Polaris Software Labs announced it's Q1 FY10 results. Revenues were down Rs 325.52 crore versus Rs 337.24 crore (QoQ) whereas net profits were down marginally from Rs 32 crore to Rs 31.83 crore.
Arun Jain, Chairman and CEO, Polaris, said in an interview to CNBC-TV18 that the market was responding better than earlier. He feels product license deals will provide an upside. "Business volumes are shifting to offshore," he added.
SABMiller picks Infosys’ tool
SABMiller has chosen Infosys Technologies’ retail solution — ShoppingTrip360 — to evaluate and improve the effectiveness of its in-store shopper marketing campaigns.
Monster Merger: IBM Buys SPSS For Approx. $1.2 Billion In Cash Deal
IBM is buying analytics software and solutions provider SPSS in an all cash transaction at a price of $50/share - a 42 percent premium to Monday's closing price of $35.09 on Nasdaq - resulting in a total cash consideration in the merger of approximately $1.2 billion.
The acquisition is subject to SPSS shareholder approval, regulatory clearances and other closing conditions, and is expected to close later in the second half of 2009.
Big Blue said the acquisition of the publicly-held Chicago company was expected to strengthen its information-agenda initiative, which helps companies take information and turn it into a strategic asset. IBM shares fell 67 cent to $116.96 in pre-market trading, while SPSS shares jumped 41 percent to $49.59.
Microsoft, Yahoo in 10-year Web search partnership
Microsoft Corp and Yahoo Inc inked a 10-year Web search deal to better compete against market leader Google Inc but stopped short of combining their display advertising businesses.
Yahoo shares fell 7.5%, as some investors were disappointed by the limited scope of the deal. Shares of Microsoft edged higher, while Google shares fell one percent.
“Those that were looking forward to a take-out, the deal today was rather disappointing,” said Marc Pado, US market strategist for Cantor Fitzgerald & Co. “The 10-year pact, it’s not a bad thing. It’s not as good as what investors expected.”
IT sector to grow 7% in FY10, says Nasscom
The IT sector, despite being optimistic on recovery by mid-2010, is projected to post single-digit growth of 4-7% for its software and services export during 2009-10. Projections for the domestic IT and BPO sector were pegged higher at a growth rate of 15-18% for the same time period. Nasscom released the industry annual report at its HR summit held in Chennai on Wednesday.
IT software exports stood at $46.3 billion for FY09, a 14% growth from $40.4 billion in FY08. Domestic services and BPO revenues amounted to Rs 57,000 crore, a 21% growth from Rs 47,000 crore in FY08. Nasscom had projected
Customers want to buy value
Wipro Ltd, looking to strengthen the sales organisation for its global IT business, recently appointed a global sales head. Martha Bejar, the former head of communications sector at Microsoft Corp, joined India’s third largest software exporter to lead its sales initiatives.
A long stint at Microsoft and Nortel is expected to come in handy as Bejar, a Harvard Business School graduate, gears up to drive Wipro’s go-to-market strategy
Friday, July 24, 2009
Radware Provides Full Availability, Performance and Security to Oracle Customers
Radware’s AppDirector receives Oracle Integration Validation for Siebel CRM 8.0; Offers customers, independent software vendors, and value-added resellers confidence in deploying and managing CRM environments
Radware to Present at DEFCON
Radware to Present at DEFCON; The Risk of Software Updates - How to Protect Your Infrastructure When It is the Most Vulnerable?
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 means of a tender offer for all of the outstanding common shares of Catapult, and was completed by a merger that was effected on Tuesday, June 23.
With the additional wireless solutions from the Catapult acquisition, Ixia has expanded its suite of test platforms that enable service providers to accelerate deployment of wireless services based on converged networks that support increasingly powerful, engaging, and complex multimedia applications.
HDNL wins Ideal Shopping Direct delivery contract
Home shopping specialists Ideal Shopping Direct have awarded a major delivery contract to Home Delivery Network Limited (HDNL), the UK’s largest home delivery and collection service.
RCom bags Rs 10,000-cr telecom infra deal
Allianz Infratech, wholly-owned unit of Etisalat DB, will outsource its telecom infrastructure requirements to RCom.
EMC acquired Iomega eyes the consumer market in India
EMC India has announced its strategy for entering the consumer market with the launch of a suite of Iomega solutions for personal and external storage. Iomega has already been quite successful in many western countries. So far Iomega has sold more than 400 million digital storage drives and disks worldwide since it started.
Persistent Systems set up Center of Excellence in Android platform
Persistent Systems, a software product development service company, has established a Center of Excellence (CoE) for the Android Open Mobile platform. The center will develop feature rich applications on the Android platform. This will help the network operators, handset manufacturers and developers of new mobile applications and services to grow their open source mobile markets.
The company has been in partnerships for developing mobile applications for carrier grade and enterprise class applications. Comprising of around 350 engineers, the Mobile Business Unit has focuses on various mobile platforms, delivering over 50 product releases annually in the last five years. The company also invests in emerging technologies that show promise of significant growth. The company has focused on application development on Android devices since the Android SDK release
Zensar Tech net income up 20%
Zensar Technologies recorded a nine per cent growth in revenues for the first quarter of the current fiscal.
It posted revenues of Rs 229.23 crore against Rs 211.07 crore for the corresponding period last year. Mr Ganesh Natarajan, Vice-Chairman and Managing Director, said that the net income stood at Rs 29.74 crore compared with Rs 24.73 crore, registering a growth of 20 per cent quarter-on-quarter and 29 per cent sequentially. The earnings per share was at Rs 12.41.
Juniper sales slide, outlook disappoints investors
Network equipment maker Juniper Networks Inc's reported a double-digit fall in revenue and a decline in gross margin as it struggled with weak technology spending, and gave an outlook that disappointed investors looking for stronger signs of a recovery,
The company, which competes with bigger rival Cisco Systems Inc in making routing and switching products, forecast earnings per share excluding special items to be between 19 cents and 21 cents in the third quarter, on revenue of $770 million to $805 million.
Hexaware unveils new brand identity
Hexaware Technologies has unveiled its new brand identity that focuses on the key value it provides to its stakeholders. The tagline of this brand identity is ‘Your Success is Our Focus.’ The identity was unveiled at Hexaware’s Chennai campus in Siruseri.
The brand identity was arrived at, after an extensive research and analysis.
Infosys sets sights on $2 bn govt deals to keep slump at bay
Infosys Technologies is banking on the new-found penchant of various government arms to take to technology, which could translate into orders worth $2 billion, as it waits for its mainstay western markets to bounce back from the depths of a global financial downturn.
India’s second-largest IT services company by sales on Tuesday bagged a commerce ministry project to launch a virtual gateway on how to do business in India, which, according to one of its top executives, could be the first in a series of such deals. The company is bidding for several large outsourcing deals in the public sector, including the ones to be awarded by the state-run telecom operator BSNL, the defence forces and Indian Railways.
Infosys bags rlys' coach management project
In a development which will strengthen its role in the domestic IT outsourcing market, India’s second-largest IT services company, Infosys Technologies, has bagged a pilot project to roll out an Integrated Coach Management System (ICMS) for the Indian Railways.
Even though the initial (pilot) project cost is small, the success of the pilot will determine the time-frame as to when the railways will go in for floating the final tender for the project, which is estimated to be about Rs 210 crore.
Oracle Buys Data-integration Specialist
Oracle says that it is buying GoldenGate Software, a San Francisco maker of data integration tools, for an undisclosed sum. The acquisition is expected to close later this year.
GoldenGate's technology helps companies pull together data in real time from a variety of sources for analysis. Major players in data integration include Informatica and IBM.
With the GoldenGate acquisition, Oracle will bolster its existing data-integration portfolio, which includes tools gained from its 2006 acquisition of Sunopsis.
SAP to acquire Swiss co SAF for $100 mn
Global IT firm SAP today said it was looking to acquire Switzerland-based software developer SAF AG for around $100 million.
SAF is a Swiss forecasting and replenishment software developer in the field of retail and wholesale industries. The company launched a software, SAP BusinessObject Explorer, here and said the Indian retail sector had a lot of potential considering its size and opportunities.
Now the retail sector has extended beyond the traditional stores. It is more organized and companies are coming forward for a better way of management and supply chain organisation.
Wipro betting big on green technologies
Betting big on green technologies, Wipro, a software major is looking to make green technologies a sizeable business in the next 10-15 years. Azim Premji, Wipro's Chairman said, "We see it as a next emerging opportunity and are positioning ourselves very strongly."
Witnessing a substantial growth in the last 20 years, the IT sector constitutes about 27 percent of the country's exports and about 4-5 percent of its GDP. The Chairman opined that the green technologies also have a similar future and a huge business potential.
Focus cheers Mastek deal
Financial services software supplier Focus Solutions gained on news that it has signed an agreement with Mastek to provide a combined front and back-office solution to the global insurance market.
Mastek will integrate focus:360° life & pension extranet, Focus' multi-channel, e-commerce platform, into the latest version of their policy administration software, Elixir 4.
Juniper Networks and IBM Expand Relationship With OEM Agreement to Advance the Economics of Networking
Juniper Networks, Inc. (NASDAQ:JNPR), the leader in high-performance networking, today announced that Juniper and International Business Machines Corporation (IBM) are continuing to broaden their strategic relationship by entering into an OEM (Original Equipment Manufacturer) agreement that will enable IBM to provide Juniper’s Ethernet networking products and support within IBM’s data center portfolio of products.
Indian cos’ growth in China is slow: KPMG
Indian software companies have had little success in scaling up operations in China as they have not yet understood well the local dynamics and societal issues. Two-three years ago, Indian companies had big plans to scale up China operations. However, this has not happened, It is still early days for Indian companies in China. They are yet in a wait-and-watch situation.
On the other hand, Chinese software companies are doing well in India due to their better understanding of local issues. Indian companies put up all-Indian managements in China and tried to build an Indian team. On the contrary, Chinese companies here retained top management control but have Indians in second and third layers
No slowdown hiccups - Chat with eWorld, Debashis Ghosh, Head of Life Sciences and Healthcare at TCS
The Life Sciences and Healthcare vertical accounted for 5.2 per cent of TCS’ revenues at the end of fiscal year 2008-09.
Recently, TCS, the country’s largest software exporter, launched Provider Performance Insight, a business intelligence (BI) solution built on SAP® BusinessObjects™ software for hospitals and other healthcare providers.
In a chat with eWorld, Debashis Ghosh, head of Life Sciences and Healthcare at TCS, throws more light on why the company is bullish on this space even during a slowdown
Monday, July 20, 2009
EMC to ride on info boom in Asia Pacific
EMC Corp, the world’s leader in information infrastructure solutions, aims to make further inroads into the Asia-Pacific following greater demand from multinational and local companies for efficient information infrastructure.
More MNCs are investing in the region despite the economic downturn. Our clients comprising corporates and MNCs are also making new investments here while tightening spending elsewhere.
Farmers acquisition of 21st Century Insurance
The Farmers Insurance Group of Companies® announced today that it has completed the acquisition of 100 percent of AIG’s U.S. Personal Auto Group, which includes 21st Century Insurance. In addition to 21st Century Insurance, the acquisition includes the former AIG Direct business and Agency Auto business. The purchase price amounts to approximately $1.9 billion.
Aditi: From think product to cloud platform
Despite the recession cloud looming large over the IT horizons, there is one segment that offers a reasonably good potential for the IT players. That's cloud computing.
And it's this realization which prompted Bangalore-based outsourced product developing company Aditi Technologies to enter the cloud computing space with Platform-as-a-Service offering.
Earlier Aditi's focus was on CRM solutions, which was branded Talisma. Later Talisma was developed into independent company in 2000. However, in changing times, areas of focus also change and diversification is a must.
Juniper wraps remote types in security blanket
Juniper has stretched its enterprise security mechanisms to better protect all those machines logging into corporate networks from remote locations.
Dubbed Juniper Networks Adaptive Threat Management Solutions, the new offering automatically deploys anti-malware and anti-spyware tools to remote clients tapping the network via VPN, while affording additional protection by way of an updated intrusion-prevention system (IPS). And in an effort to ensure that all this doesn't annoy your remote minions, the Cisco-battling network infrastructure outfit also provides a WAN acceleration client.
"In a distributed enterprise, the first thing we need to do is provide the same LAN-like performance to all locations," Juniper senior manager of solutions marketing Michael Rothschild tells The Reg. "Our WX client - our acceleration client - allows us to not only deploy the appropriate security to the client, but also provide the appropriate acceleration for the applications you need.
Capgemini will try for domestic local outsourcing deals
Capgemini, the France-based information technology outsourcing and consulting major, has thrown its hat in the ring for domestic IT outsourcing and consulting business deals.
IDC, the market intelligence tracker for the sector, estimates the domestic IT services market, currently around $6 billion (Rs 28,800 crore), will touch around $13 billion (Rs 62,400 crore) by 2012. It is this growth potential that has made frontline Indian companies like TCS, Infosys, Wipro and HCL Technologies look inwards for growth.
The $12 billion Capgemini, whose current revenue from India is negiligible, is now ready to give the home-grown majors a run for their money by playing a bigger role in the India market with its high-end consulting and outsourcing capabilities.
IT cos on overdrive to get business from the clouds
Patni Computer’s new CEO Jeya Kumar feels “cloud computing” is the way to go as it will change the way people use, apply and adopt technology. The company is planning to set up labs in India and the US to generate intellectual property capabilities to develop solutions for firms that wish to access data and applications from the cloud.
Polaris setting up centres in Egypt, Chille, Vietnam
Chennai-based financial services technology company, Polaris Software Lab, on Thursday said that the company had received eight proposals for its proposed acquisition plan from Europe and within India. Meanwhile, as part of its expansion plan, the company is setting up development centres in Egypt, Chille and Vietnam with an investment of $5 million during this year.
The company was looking at acquisition opportunities as part of its expansion plan. So far, Polaris had received eight proposals from Europe and within India. We will pick up three of the eight. It may be noted that the company recently acquired US-based SEEC, an insurance technology company. The acquisition brought companies like Allstate, Prudential and New York Life Insurance to Polaris’ basket.
Cognizant, Invensys sign co-innovation deal
Cognizant has signed a multi-million dollar agreement with Invensys Operations Management to acquire 400 of the latter’s employees for co-innovative solutions.
This association would give Cognizant, a consulting, technology and business process outsourcing services provider, exposure to an estimated $70-billion market in helping clients integrate their plant-floor applications with the enterprise applications.
IBM secures $2.5 million services deal with Delhi Stock Exchange
IBM Wednesday said it had inked a $2.5 million managed services deal that would provide Delhi Stock Exchange with business continuity, disaster recovery, remote hosting and IT infrastructure management capabilities.
SpiceJet Selects IBM's SAP ERP 6.0 Solution
SpiceJet Airline has deployed IBM India's customized offering for financial control, accounts and materials management process.
A low-cost carrier, SpiceJet is headquartered in Gurgaon and has 20 aircrafts in its fleet.
The SAP ERP 6.0 solution, implemented by IBM India, runs on IBM System x hardware platform with quad-core Intel Xeon processors, and utilizes SAN-based IBM system storage DS4700 technology.
IBM inks 10-yr IT outsourcing deal with Innovation Auto Risk
Technology giant IBM on Monday announced that it has signed a 10-year IT outsourcing pact with Delhi-based Innovation Auto Risk (IAR).
As part of the agreement signed in the second quarter of 2009 IBM will deploy server, storage, networking and IT security infrastructure to be hosted at a data centre in Delhi and provide onsite infrastructure monitoring services from an onsite command centre, IBM said in a statement.
Oracle Asia Pacific maintains strong customer adoption
Organizations across key industries in Asia Pacific continue to adopt or expand implementations of Oracle Database, Oracle Fusion Middleware, Oracle Enterprise Performance Management, Oracle Business intelligence and Oracle Applications for their strategic company-wide business systems. Steve Au Yeung, Senior Vice President, Oracle Asia Pacific said, "Cost pressures and increasing IT complexity are all catalysts right now causing customers to adopt pre-integrated products and move away from customized environments."
IT firms spend more on R&D to offer new services
Top-tier IT firms are increasing their research and development spends as they gear up to offer newer services such as cloud computing and platform-based offering as part of their non-linear growth strategy.
Novatium, NIIT tie up
Novatium Solutions, the Chennai-based provider of simple computing platform, and NIIT Ltd has announced a partnership to deliver training solutions to consumers using Novatium’s Nova netPC, which works on the “thin client” concept.
Friday, July 10, 2009
Long-time [Nortel] Alteon Reseller Ronco, Signs with Radware
Radware (NASDAQ: RDWR), the leading provider of integrated application delivery solutions for business-smart networking, today announced it has signed Ronco Communications & Electronics, Inc. (Ronco), an integrator of innovative communications solutions and services, with a strong focus on IP communications and unified technologies, as a Radware reseller partner; further expanding Radware’s foothold in the global application delivery market. By joining Radware’s channel network, Ronco will receive extensive knowledge and training for all Radware application delivery and application security product lines including the newly acquired-Alteon product line from Nortel.
EMC launches IT management software
EMC Corporation has launched its IT management software, EMC Ionix which will help customers to accelerate their shift from physical IT to virtual IT to cloud infrastructure. The software combines automated server compliance and configuration solutions to offer insight and control across physical and virtual IT infrastructure.
At every major disruption point, huge new market opportunities are created and the eventual winners tend to be the ones that are purpose-built for the new world order. While there are current leaders in this space, they built monolithic software to support monolithic physical infrastructures that weren't designed to be modular. It's obvious to me that EMC has the pieces, including the services, to disrupt the current IT management market in the same way they have done it in the past, whether it be EMC Symmetrix, EMC CLARiiON or VMware's infrastructure virtualization solutions.
EMC Strikes Deal To Acquire Data Domain
EMC said it has entered into a definitive agreement to acquire Data Domain, ending a bitter battle with NetApp to take over the storage vendor.
In a brief statement, EMC said the $2.1 billion acquisition is expected to close this month. NetApp, EMC's rival in the quest for Data Domain, criticized EMC, saying EMC already has the technology it is buying from Data Domain and will create confusion by adding Data Domain.
Aditi Technologies may shift focus to services
With the spending on software products taking a hit owing to the recessionary trend in the global market, Aditi Technologies, an outsourced product development (OPD) firms in India, is shifting its strategy by offering software services to the companies in the financial services sector.
The company which works with global financial institutions to develop software products for them, is now planning to offer services in the areas of business intelligence (BI) and collaboration portal management.
Virtusa Corporation, global IT Services Company, announced its foray into the Indian market.
Company has recently started exploring India as revenue geography. The Company believes that the Indian market, offers exciting opportunities for growth and expansion, as many Indian enterprises are driving significant changes in their existing IT systems to support their growing customer needs in a globalized and connected environment.
Leveraging Virtusa’s Lean IT approach to simplifying complex IT environments through software platforming, Virtusa plans to assist Indian companies consolidate, modernize and rationalize core business processes. As a result, customers are able to extend market reach, improve their customers’ experiences, improve time-to-market and reduce overall costs.
Mindtree launches Knowledge Management Solution
MindTree Ltd,a Bangalore-based global IT solutions company, on Wednesday announced the availability of its knowledge management solution for the manufacturing industry.
The offering is designed to help manufacturing organisations systematically collect, manage and execute the numerous ideas and suggestions of its workforce, resulting in innovative solutions, higher productivity, and faster reponse and delivery times
MphasiS appoints Ganesh Murthy as CFO
MphasiS, an IT service provider, today announced the appointment of Ganesh Murthy as chief financial officer.
Ganesh Murthy takes over from Susanto Banerjee, who has been acting as interim CFO since January 2008. His appointment would be effective from July 15, 2009, said a press release.
Mahindra Satyam signs deal with GlaxoSmithKline
Mahindra Satyam has signed a 5-year multi-million dollar SAP contract with the global pharma major GlaxoSmithKline (GSK).
According to the contract announced today, Mahindra Satyam, the new brand identity of Satyam Computer Services, would provide SAP and other critical systems support to GSK’s businesses across the world.
Wipro names new president, global sales
Wipro Technologies, an IT service provider, today announced the appointment of Martha Bejar as president, Global Sales and Operations.
In her role as global head of sales and operations, Martha would focus on the global 'Go to Market' strategy, drive revenue growth and leverage on Wipro's strength in innovation, technology, process insight and globalization to further enhance the company's position as a business transformation catalyst.
Cognizant beefs up testing business
Cognizant Technology Solutions has increased its employee strength in software testing practice by ten times to around 9,000 people in the last four years. Nearly 75 per cent of the testing staff are sited in India and the rest at various locations, including Europe and Latin America
Infosys Q1 revenues dip 2.9 p.c. Q-o-Q
Infosys Technologies posted a net profit of Rs 1527 crore for the quarter ended June 30, 2009. The company's profits have seen a dip of 5.5 per cent compared to the previous quarter profit, which was at Rs 1613 crore. On year-on-year basis net profits have grown by 17.3 per cent
SAP Business Objects eyes BI market in India
It's over a year since SAP AG, the business software solutions provider acquired the French enterprise Business Objects that offers business intelligence (BI) and analytics tools.
The acquisition has added a new dimension to SAP's existing enterprise business solutions portfolio Business Objects is now directly against the biggies in BI market such as SAS, IBM, and Cognizant Technology Solutions and others.
Hexaware Technologies and SOASTA Enter into Strategic Partnership
Hexaware Technologies, a provider of IT and BPO services and consulting, has reportedly entered into a strategic partnership with SOASTA, Inc., major player in cloud testing.
The partnership is a key component in the company’s strategy to expand its premiere testing services with a new cloud-based solution.
Hexaware will integrate SOASTA’s CloudTest On-Demand service into their existing offering to provide its customers with a turnkey cloud testing service to achieve and maintain highly reliable web sites and applications.
"SaaS: Opportunities and Challenges in India" by N Anita
Worldwide Software-as-a-Service (SaaS) revenue in the enterprise application markets is set to surpass USD 6.4 billion in 2008, a 27% increase from 2007 revenue of USD 5.1 billion, according to Gartner. SaaS revenue is expected to reach USD 14.8 billion in 2012. The Indian market is expected to grow to US$48 million by 2008, representing the fastest growth in this region.
Friday, July 3, 2009
Juniper enhances services portfolio
Juniper Networks, Inc., provider of networking solutions, introduced a series of new applications and services in voice, video and other multimedia services.
Building on the intelligent services edge portfolio, these features would simplify networks and facilitate convergence for enterprises, government agencies and service providers by integrating key service delivery and performance functions directly within the routing platforms and IP network infrastructure.
Radware Signs New Partner, AREC Networks, for Distribution of Alteon Products
Radware (NASDAQ: RDWR), the leading provider of integrated application delivery solutions for business-smart networking, announced today that the integration of Alteon has been moving forward smoothly and many of the recruited Alteon’s partners have demonstrated their confidence for the acquisition and are seamlessly migrating to the new organization.
Alteon application delivery products, certain related intellectual property assets, tangible assets, inventory and service contracts were included in the acquisition.
Farmers acquisition of 21st Century Insurance
The Farmers Insurance Group of Companies® announced today that it has completed the acquisition of 100 percent of AIG’s U.S. Personal Auto Group, which includes 21st Century Insurance. In addition to 21st Century Insurance, the acquisition includes the former AIG Direct business and Agency Auto business. The purchase price amounts to approximately $1.9 billion.
Interoute launches free Internet Barometer to alert businesses to danger on the Internet
network, today launched a free internet security barometer that provides organisations with daily insight into malicious activity on the internet. The Internet Barometer collects data from numerous high performance sensors built into the core of the European Internet, logging the source, destination and type of malicious activity. Going beyond basic statistical data, Interoute is providing a valuable insight into security threats to help organisations identify and fend off the perpetrators of malicious threats and Distributed Denial of Service (DDoS) attacks.
Patni, MphasiS in race for AIG unit
Patni Computer and MphasiS are among the potential suitors looking to acquire the Indian software unit of troubled insurance giant AIG, said a banking source familiar with the development.
The software unit, AIG Systems Solutions, is on the block as part of the insurance behemoth’s plans to divest assets globally and focus on its core business.
Aditi Technologies may shift focus to services
With the spending on software products taking a hit owing to the recessionary trend in the global market, Aditi Technologies, an outsourced product development (OPD) firms in India, is shifting its strategy by offering software services to the companies in the financial services sector.
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.
Virtusa eyes India
With India offering a $8.3-billion market for IT services, Virtusa Corporation, which has a strong client base in the US and Europe, has said it would enter the Indian market. “While the global growth rates in IT spending fell below 10 per cent, India, though with a smaller base, was offering a growth rate of 20 per cent. This promises a huge opportunity,”
Persistent to tap life sciences
Software product developer Persistent Systems will innovate with new technologies such as cloud computing, analytics and life sciences. Dr Anand Deshpande, Chairman and Managing Director, Persistent Systems, said the initial project would focus on data management and analysis of biomedical data.
Polaris names new president and COO
Polaris Software Lab, a provider in IT services, named Govind Singhal as the chief operating officer of Global Delivery and Operations, and Karthik Kaushik as president- Global Sales and Account Management.
HCL inks management deal with US firm
HCL Technologies announced that it has won a five-year IT applications support and infrastructure management deal from US-based flavoured beverages firm Dr Pepper Snapple Group (DPS). The financial details were not disclosed.
HCL Axon inks pact with Jet Aviation
ACL axon, a division o domestic software exporter HCL Technologies, has entered into an agreement with Jet Aviation to provide Maintenance. Repair and overhaul solutions to the company. As part of the agreement, HCL Axon will offer its proprietary MRO solution – Imro- to upgrade and enhance the existing SAP solution based footprints of Jet.
Shiv Nadar's daughter made CEO of HCL Corp
Roshni Nadar, the daughter of business tycoon Shiv Nadar, has been appointed executive director and CEO of the HCL Group's holding company.
Adobe closes operation for a week in U.S.
After freezing salaries, bonuses and various compensation plans, Adobe, the world's biggest maker of graphic-design software has finally shut down its operations in North America this week, to cut down operating costs. In December, the company had fired eight percent of the workforce to help rein in costs during the economic slump, but could not overcome the losses.
Microsoft expands distributor network
As part of its commitment to offer SMBs better access to IT solutions, Microsoft India has announced the expansion of its distributor network.
A new sub-distributor network has been created to support the existing distribution model. This 40-member network will function across 33 cities in the country. Operating on a hub and spoke model, this has the capacity to support over 1,800-3,500 additional business partners. Through this, Microsoft also hopes to further expand its SMB partner community in India.
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