Radware the leading provider of integrated application delivery solutions for business-smart networking, today announced it has signed Pomeroy (NASDAQ; PMRY), a leading provider of IT infrastructure solutions focused on enterprise, network and end-user technologies, as a new Radware distribution partner; further expanding Radware’s foothold in the global application delivery market. By joining Radware’s distribution network, Pomeroy will have access to extensive training on the Radware-Alteon product line, increasing Pomeroy’s ability to offer advanced application delivery options to its customer base
Monday, October 19, 2009
New partnership with Radware strengthens Pomeroy’s ability to offer advanced solutions ...
Ixia Fortifies Offering in the Data Center Market with Storage Solutions
Ixia (NASDAQ: XXIA), a leading, global provider of IP performance test systems, today unveiled a new set of test solutions for data center testing. Ixia’s test solutions allow equipment manufacturers, data center operators and storage vendors to assess the functionality and performance of their Converged Enhanced Ethernet (CEE), Data Center Ethernet (DCE), Fibre Channel over Ethernet (FCoE), and Storage Area Network (SAN) devices.
Ixia to Demonstrate Innovations in IP Testing at Futurecom 2009
Ixia today announced that it will demonstrate significant advances in test technology at Futurecom 2009. With R&D resources located throughout the world, Ixia is a test industry leader, developing test technologies that enable network equipment manufacturers and service providers to deliver quality products and services to market faster. Featured technology demos at Ixia’s Futurecom stand, C47, include testing of converged wired and wireless IP networks, 10/40/100 Gigabit Ethernet test interfaces, router and switch test productivity with IxNetwork’s, large-scale application layer testing with IxLoad and Acceleron-NP and live network monitoring solutions with IxRave
Emulex and Ixia Announce Collaboration on Reference Guide for Testing Converged Network Adapters
Emulex Corporation (NYSE:ELX) and Ixia (Nasdaq: XXIA) have partnered to produce a definitive guide to the technological characteristics of Converged Network Adapters (CNAs) and the proper methodology for testing these new devices. The first release of this publication, Black Book Methodologies: Converged Network Adapters, is the fourth volume in a series of primers on technology and testing published by Ixia.
Sonata Software's net profit up 20 percent
Software solutions firm Sonata Software announced that its consolidated net profit is at Rs. 21.35 crore with a 20 percent growth sequentially. However, compared to the same quarter last year, there is a small decline in net profit from Rs. 21.63 crore to Rs. 21.35 crore. The revenue for the quarter is at Rs. 347.33 crore compared to Rs. 423.64 crore in the same quarter last year.
Zensar Technologies plans Rs40-crore share buy-back news
Zensar Technologies Ltd proposes to buy back up to 16.01 per cent of its aggregate paid-up equity share capital and free reserves for a total consideration of Rs40 crore.
Zensar Technologies said it would buy back 2,424,000 of its fully paid-up equity shares of the face value Rs10 each, at a price of Rs165 per share (payable in cash), for an aggregate amount of around Rs39.996 crore, from the existing shareholders of the company, through a tender offer
Zylog launches VoIP services in Gujarat
Zylog Systems India Limited, a software solutions and service provider, has launched its Voice over Internet Protocol (VoIP) services 'Wi5 Mega Talk' in Ahmedabad. The service will be available in all leading cities of the state. Customers can now experience a clear, undistorted communication with no lag or echo via a high-speed Internet connection at an extremely affordable cost.
MphasiS plans expansion in India
MphasiS Ltd, the India listed subsidiary of computer maker Hewlett Packard, plans to step up its focus in the domestic IT market where it is eyeing business from verticals such as healthcare, government, telecom and banking and financial services.
“We would like to grow our domestic business in India,” said Mr Ganesh Ayyar, Chief Executive Officer of MphasiS. “I believe that there are lot of services contracts in the Indian market, which truly reflect best global practices that could be exported,” he added.
Mastek net down 35.8% Y-o-Y
Earlier than expected ramp-down in the BT/NHS project, non-conversion of some of the deals impacted Mumbai-based IT product and services firm Mastek’s first quarter results ended September 30, 2009. Net profit of the firm was down 35.8 per cent at Rs 26.4 crore from Rs 41.18 crore in the corresponding quarter last financial year. Revenue for the quarter at Rs 191.4 crore dipped 26.8 per cent from Rs 261.6 crore for the same quarter last year.
MindTree wins MAKE award
MindTree Ltd., a provider in IT services, today announced that has been awarded the Asian Most Admired Knowledge Enterprise (MAKE) Award by Teleos, in association with The KNOW Network.
TCS wins Rs 2.93 bn IT project from MP Govt
Tata Consultancy Services, India's top software firm, has been selected as the lowest bidder for a 2.93 billion rupee ($63 million) project in the state of Madhya Pradesh, an official with the state power utility said on Thursday.
Accenture bags Postal Department deal
Global IT and consultancy firm Accenture said that it has bagged an order from the Postal Department to modernise the post offices across the country.
The financial details of the deal were not known. As per the modernisation contract, Accenture would design an enterprise IT architecture and migrate the Department of Post (DoP) to a more efficient IT system.
Top-level changes at Mahindra Satyam
Mahindra Satyam, the erstwhile Satyam Computer Services, has made some changes at the executive management level.
One of its Senior Vice-Presidents, Mr. Dilip Jha, has been elevated as Chief Strategy Officer while Mr T.R. Anand, a key member of the company’s senior management team, has put in his papers. The Chief Strategy Officer’s slot has been vacant since the earlier strategy head, Mr. Shailesh Shah, quit in October last year.
Oracle Extends Enterprise Performance Management Leadership With New Release
Oracle's EPM System Further Simplifies Integration With Oracle Applications, Previews New Financial Close Capabilities
To help organizations achieve management excellence, Oracle today announced the availability of Oracle® Enterprise Performance Management (EPM) System Release 11.1.1.3, which combines Performance Management and Business Intelligence (BI) to support a broad range of strategic, financial and operational management processes that enable organizations to become smart, agile, and aligned.
Application Integration Tops Oracle OpenWorld Agenda
Oracle has some 3,000 products, including software from the approximately 60 companies Oracle has acquired over the last five years. So it's not surprising that software integration -- making all those pieces work together, as well as work with software from other vendors -- is a major theme at this year's Oracle OpenWorld.
Infy ups hiring target for 2010; to add 2,000
India’s second-largest information technology services provider, Infosys Technologies, has raised its hiring target for financial year 2009-10 by 2,000 — from 18,000 to 20,000 people — to cope with the increase in offshore (that is, on Indian shores) work.
Infosys wins North America Oracle Titan Award
Infosys Technologies has been named the winner of North America Oracle Titan Award during Oracle OpenWorld 2009. Oracle has recognized their leading partners for the solutions and business practices developed or delivered in fiscal year 2009.
Capgemini and Microsoft Form ERP Alliance
IT services vendor Capgemini and Microsoft have formed an alliance to announce ERP+ a strategic, multimillion euro initiative that they expect will maximize the clients return on investment from their existing SAP installations.
Cisco to buy Starent for $2.9 billion
Cisco Systems Inc. says it has agreed to buy Starent Networks Corp., which helps wireless carriers support smart phones, for $2.9 billion
Cognizant acquires UBS India service centre
Cognizant Technology Solutions has acquired UBS Group's Hyderabad based captive services provider UBS India Service Centre (UBS ISC).
Polaris Software to buy Laser Soft for $10.8 Million
Polaris Software, which caters to the banking, financial services and insurance space, is acquiring Laser Soft Infosystems, a competitor, for Rs.52 crore in a cash deal.
Indian IT companies taking the M&A route
Indian IT giants Tata Consultancy Services (TCS), Infosys Technologies and Wipro are taking the merger and acquisition (M&A) route to expand their business capabilities. The companies are doing so to challenge the supremacy of world's big- five in the finance and outsourcing (FAO) space, Accenture, ACS, Capgemini, Genpact and IBM, according to Mail Today.
Friday, October 9, 2009
Amazon.com debuts international Kindle e-reader
Amazon.com on Tuesday announced it is releasing an international version of the Kindle and trimming prices of the coveted electronic book readers.
Kindle models designed to synch with telecom networks in countries around the world are priced at $279 and basic Kindles.
Mahindra Satyam in global pact with US firm
IT outsourcing company Mahindra Satyam has entered into a global alliance partnership with Vision Solutions, a US-based provider of IBM Power high availability (HA), disaster recovery (DR) and transformation solutions
Time for returns for SMEs invested in IT in slowdown: Rajeev Mittal
Out of 4 million SMEs in India, barely 30%, or 1.2 million, own a PC. Of these, only 30,000 have a network. That throws up a huge opportunity for global giant Microsoft which is already generating more than 50% of its India revenues from SMEs.
Infosys Q2 profit rises 7.5% at Rs 1,540 crore, declares 200% dividend
Software major Infosys Technologies on Friday reported 7.54 per cent rise in consolidated net profit after tax at Rs 1,540 crore for the quarter ended September 30, 2009.
Dubai Bank launches electronic Salik payment system
Dubai Bank, in partnership with the Roads and Transport Authority (RTA), announced today the launch of an electronic recharge facility that allows Dubai Bank customers to recharge their Salik tags via the bank’s electronic channels, including Internet, phone banking, ATMs and cash deposit machines. This new service is available to all customers of Dubai Bank. In addition, RTA customers who currently do not have accounts with Dubai Bank also have the convenience to recharge their Salik tags using any one of Dubai Bank’s Cash Deposit Machines (CDM).
Healthland Partners with Performance Management Institute to Deliver Leading Edge Solution
Healthland, America's market leader of healthcare information solutions for small community and critical access hospitals, announced today it has partnered with the Performance Management Institute (PMI), to deliver an innovative solution to small community hospitals. PMI works with numerous state networks and hospital systems to provide a platform for monitoring and performance. Developed in partnership with PMI, the Healthland Executive Information System (EIS) will extract relevant data from Healthland’s Financial System and Clinical System solutions to provide an easy-to-grasp, actionable snapshot of performance to improve decision making and provide evidence for meaningful use criteria
Radware - 2009 APAC Executive Exchange
Macau, China October 26-29
The 2009 APAC Executive Exchange will take place in Macau, China from October 26th – October 29th. The conference will be held at the Venetian Macao Resort & Hotel, one of Asia's most exciting entertainment destinations known as the Cotai Strip, which makes up the main tourist and casino district of Cotai.
MphasiS sees no ease in price pressure
India’s MphasiS is winning large outsourcing deals due to its relationship with Hewlett-Packard Co but pricing pressure is unlikely to ease in the near term, top officials said on Wednesday.
MphasiS, a mid-sized IT services firm in which HP owns a majority stake, is also not seeing an increase in the IT budget of its clients despite some improvement in the global economic environment.
SoftPro to invest $2 mn in R&D
SoftPro Systems Limited, a city-based software provider, will be investing $2 million (approximately Rs 9.8 crore) in its research and development (R&D) centre in Hyderabad over the next five years.
The investment will go into creating support activities for governance, risk and compliance (GRC) solutions of SoftPro’s subsidiary Cura Software Solutions, especially customised GRC platforms that conform to the regulations in other countries.
MindTree enters mobile handsets production
MindTree Ltd has entered the mobile products business with the recent acquisition of Kyocera’s captive unit in Bangalore, where it would design and build ready-to-brand 3G handsets for telecom service providers and original equipment manufacturers (OEMs).
N Chandrasekaran takes over as CEO of TCS
Signs of change are evident as soon as one steps into TCS house, the headquarters of India's largest software company . A message on a large TV screen at the reception welcomes Tata Consultancy Services' new CEO & MD, Natarajan Chandrasekaran, who took over from S Ramadorai on Tuesday.
IBM unveils technology to help telcos analyse usage patterns
IBM has launched two technologies that will enable telecom operators analyse usage patterns of their subscribers and accordingly design subscription plans.
Social network analysis (SNA) technology, which has been developed at IBM's India centre, will enable telecom operators analyse the calling patterns of its users and develop more attractive and useful subscriber plans. With more customer-friendly plans, telcos can reduce customer turnover and increase customer satisfaction
HCL gets $15 mn IT deal from Fortis
IT major HCL Infosystems has bagged $15 million outsourcing deal from hospital chain Fortis Healthcare, the duration of the deal is five years, which entails implementing software solutions at all Fortis' facilities.
Tech M wins $50 mn Saudi Telecom deal: paper
Indian outsourcerTech Mahindra has won an IT implementation contract from Saudi Telecom 7010.SE, valued between $40 million to $50 million.
The Indian firm has won part of a contract from Saudi Telecom, which is rolling out GSM services in Bahrain.
Microsoft launches new phone software
Microsoft Corp unveiled its new software for mobile phones on Tuesday, promising more than 30 new devices would be on the market in more than 20 countries by the end of the year.
IBM inks $200 mn deal with Datacom; wins Idea contract
IT major IBM today said it has bagged an order believed to be worth $200 million from Videocon Group's telecom arm Datacom, which is slated to launch cellular services this year, for providing IT infrastructure and services
Thursday, October 8, 2009
Cisco to buy video firm Tandberg for $3 bn
Cisco has agreed to buy Norwegian video conferencing company Tandberg for $3 billion, the latest in a series of bets taken on using video to drive demand for its core data transmission gear.
Thursday, October 1, 2009
L&T Info bags mega Infineon order
Larsen & Toubro (L&T) Infotech said it has bagged a multi-year, multi-million dollar contract from a large German semiconductor manufacturer, Infineon Technologies AG (IFX).
The firm will operate, maintain and develop SAP solutions within Infineon's enterprise landscape and provide these services out of Germany, Singapore and India. The firm, however, refused to divulge the size of the contract.
L&T Info bags mega Infineon order
Larsen & Toubro (L&T) Infotech said it has bagged a multi-year, multi-million dollar contract from a large German semiconductor manufacturer, Infineon Technologies AG (IFX).
The firm will operate, maintain and develop SAP solutions within Infineon's enterprise landscape and provide these services out of Germany, Singapore and India. The firm, however, refused to divulge the size of the contract.
Aitken Spence Launches its Fifth Hotel in India with the Opening of “Tamara” in Coimbatore
Aitken Spence Hotels and Resorts is pleased to announce the latest addition to its portfolio of hotels in India with the opening of “Tamara” in Coimbatore.
Situated in the foothills of the Western Ghats, Tamara is nestled in a fairytale setting. The surroundings of the resort with the panoramic view of the mountains and the water front provide tranquility and spirituality to the guests.
MindTree buys US company’s Indian arm
MindTree has signed an agreement with Kyocera Wireless Corp (KWC) to acquire its Indian subsidiary Kyocera Wireless India. MindTree will make an upfront payment of about $6 million, and further payments linked to revenues in financial years 2010-11 and 2011-12.
The Bangalore-based IT solutions company expects this acquisition to contribute about $9 million in revenue for the period October 2009 to March 2010, with profit after tax expected to be in the range of 13-15%.
Subex to raise authorised capital to Rs 130 cr
Telecom software maker Subex Ltd has decided to raise its authorised capital to Rs 130 crore and has offered to exchange outstanding convertible bonds worth $180 million that will mature in 2012 for new bonds.
Subex has invited the holders of its $180 million, two per cent coupon convertible unsecured bonds due in 2012 to exchange them for 5 percent bonds due in the same year, according to Barclays Capital.
TCS says gets multi-mln dollar deal
India's top software exporter, Tata Consultancy Services Ltd, said on Wednesday it had signed a multi-million dollar deal with a Singapore state organisation.
The deal is to provide annual application management services for two years to People's Association in the city state, the company said in a statement to the stock exchange
MS wants excise duty on packaged software
Software giant Microsoft’s representatives will soon meet finance ministry officials trying to persuade them to impose excise or countervailing duty instead of service tax on packaged software.
The government had recently said packaged software makers would be required to pay service tax and not central excise (or countervailing duty in case of imported software).
Citi continues to divest stake in Polaris
Citi completed its third round of selling mid-tier software company Polaris Software Lab’s shares in the open market. In the last week, OrbiTech, an entity controlled by Citi has sold off over 7% of its holding in the company.
Citi holds a stake in Polaris through two entities-OrbiTech and Citibank A/C OrbiTech Ltd. Apart from these, there is also an entity called OrbiTech Employees Welfare Trust, which has 1.41% in Polaris.
Wipro in pact with Oracle
Wipro Technologies has signed a master co-development agreement with Oracle to develop multiple industry solutions using Oracle Application Integration Architecture (AIA) — an open, standards-based platform for business process integration across Oracle, third-party and custom applications. Under this agreement, Wipro and Oracle will co-develop end-to-end industry process solutions for five different industry verticals, including communication, retail, consumer products, hi-tech, and industrial manufacturing....
Oracle Buys HyperRoll
Oracle has agreed to acquire certain assets of HyperRoll, a leading provider of financial reporting acceleration solutions.
HyperRoll’s products help improve reporting performance, shrink the close cycle and improve visibility of financial data to line management.
TCS bags Singapore govt deal
Tata Consultancy Service (TCS), India's leading software company will provide annual Application Management Services (AMS) for two years in a multi-million dollar with the Singapore People's Association (SPA).
SPA is a grassroots government organisation under the ministry of community development, youth and sports.
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