Ixia, a firm dealing in converged IP testing, has acquired Agilent Technologies' N2X data networks product line for $44 million. The deal includes customers and sales, research and development teams.
Friday, November 20, 2009
Ixia buys Agilent's network testing unit for $44 Million
Zebra Technologies Announces Color Thermal Printing On-Demand
Zebra technologies Corporation a global leader in Speciallty printing and automatic identification solutions, announces the release of its IQ Color Thermal Labels to its extensive supply offering ...
Patni sees Q4 revenue rising over 3 pc Q-o-Q
Indian software services firm Patni Computer Systems is looking at a sequential revenue rise of more than 3 percent in the December quarter as it expects to get larger deals, its chief executive said.
"Growth is not what it has been used to be before, but it is better than what it has been recently," Jeya Kumar told Reuters in an interview late on Thursday.
Symphony names new sales chief
Symphony Service Corp., a global company specializing in software product engineering outsourcing services, today announced the appointment of Lee C. Fields as chief sales and marketing officer.
Fields would create and execute against a global client strategy designed to expand Symphony Services' leadership position across key markets including ISVs, companies with embedded software in their products and software-enabled businesses, said a press release.
Honeywell to open centre in India
US-based multinational company Honeywell plans to set up a new technology centre in India with an investment of $34 million.
The centre will also include labs for process and applications development for other specialty materials technology areas, including fluorine products and nylon materials.
TCS engg services business sees growth, begins hiring
Tata Consultancy Services, India’s largest information technology services provider, is witnessing positive movement in its engineering and industrial services (EIS), which was impacted by the economic slowdown.
Wipro tool facilitates remote healthcare
Wipro Technologies has announced the launch of a next generation medical gateway solution that aims to improve healthcare coordination between patients and their care providers.
Powered by Intel Atom processor, the solution enables users such as patients, doctors, and other healthcare professionals monitor, track and manage healthcare information from a remote location. It also allows real-time clinical review by capturing vital data from multiple medical devices such as blood pressure monitors, glucometers, weighing scales etc
HP to buy 3Com for $3.1 bn; Cisco rivalry heats up
Hewlett-Packard Co is making a move into the network equipment market by striking a $3.1 billion deal for 3Com Corp, in a major challenge to Cisco Systems Inc.
India's enterprise software market set to grow by 12%
Progress Software Corporation has announced that British Airways will use its SOA (Service Oriented Architecture) solutions for its travel programmes as it upgrades the IT systems. The new system is aimed at integrating over 600 different electronic systems and processes involved. "With 300 locations across the world, 25,000 users and 250 applications, British Airways wants to transform the travel experience," Mr Gordon Penfold, Chief Technology Officer of British Airways, said here in a statement. - Our Bureau.
Monday, November 9, 2009
Radware Ltd. announces record results and nomination of Chairman
Radware (NASDAQ: RDWR), the leading provider of integrated application delivery solutions for business-smart networking, today reported record quarterly revenues of $29.2 million for the third quarter of 2009. This represents an increase of 24% compared with revenues of $23.5 million for the third quarter of 2008 and an increase of 8% compared with revenues of $27.1 in the second quarter of 2009.
Net income on a GAAP basis for the third quarter of 2009 was $0.2 million or $0.01 per diluted share compared with a net loss of $8.5 million or $0.44 per diluted share in the third quarter of 2008.
Ixia's IxNetwork Validates Breakthrough Performance of Juniper's MX Series 3D Routers
IXIA today announced the results of performance testing of Juniper Networks (NYSE: JNPR) MX 3D Universal Edge Router conducted by the European Advanced Network Test Center (EANTC). EANTC selected Ixia’s IxNetwork solution to test the performance of Juniper’s MX 3D router, designed to address enterprise and service provider requirements for more flexible technology and business models
Reliance Comm Launches Cloud Computing Services
Reliance Data Center, a part of Reliance Communications (RCom), has launched a hosted infrastructure service based on the Microsoft platform for enterprises and small and medium businesses (SMBs).
The new service, 'Reliance Cloud Computing Services', will initially be offered from their Mumbai data centers.
MindTree net up 34% on forex gains
MindTree Ltd, provider of IT and R&D services, reported an annual net profit growth of 33.8 per cent for the September quarter, helped by foreign currency exchange-related gains. However, on a sequential basis, it declined 12.1 per cent.
Patni Computer promoters to take call on stake sale by January
Reviving plans to offload part of their holdings in Patni Computer Systems, promoters are studying offers from various companies, according to market sources. A clear decision on bids from various contenders for the promoter holdings, added the sources, was expected by January.
The three Patni brothers, non-executive chairman Narendra Patni and his younger brothers, Gajendra and Ashok, hold equal stakes totaling 48.3 per cent in India’s sixth-largest software exporter. Private equity company General Atlantic holds 18 per cent, while the rest is public.
Indian techie at HP starts portal to sell vegetables
A Hewlett-Packard (HP) engineer, RK Venkatesan, has started 'Veggie Bazaar', a web portal to order and buy vegetables, and deliver them to home on a 24 hour notice. Started in Chennai earlier in July this year, the portal has till now registered 3,000 users and made 7,000 deliveries at an average of Rs. 200 per order
Thinksoft Global recovers after a dismal debut
The Chennai-based firm had raised Rs 45.57 crore through the recently concluded IPO. Thinksoft Global Services' IPO ended on 1 October 2009 with subscription of 2.25 times. The IPO got bids for 82.12 lakh shares as against 36.46 lakh shares on offer.
Thinksoft Global Services had on 24 September 2009 extended the closing date of the IPO to 1 October 2009 from the earlier 24 September 2009 as the issue failed to garner sufficient subscription. Also the company had lowered its price band for its initial public offer (IPO) to Rs 115-125 per share from the earlier price band of Rs 120-130 per share.
Microsoft Launches Online Services to Provide on-demand e-mail and Collaboration Solutions for Customers in India
As a part of its continued emphasis to enable easy access to its cost effective business productivity software, Microsoft today announced commercial availability of Microsoft Online Services in India. Offering very attractive prices starting $2 per user per month, (excluding applicable taxes) this will allow SMBs and enterprise customers to access
Microsoft’s popular e-mail, collaboration, conferencing and productivity capabilities online
Cognizant net up 21 per cent
Even as IT bellwether Cognizant Technology Solutions raised its outlook for 2009-10, it reported a 21 per cent growth in net profit for the quarter ended September 30, 2009, to $136.6 million compared with $112.8 million during the corresponding period a year ago.
The Nasdaq-listed company’s revenue rose to $853.5 million from $734.7 million, an increase of 16 per cent from the year-ago quarter and 10 per cent sequentially (compared to the trailing quarter).
TCS bags £150-m deal from UK Govt body
Tata Consultancy Services is understood to have bagged a £150-million (Rs 1,164 crore) software implementation contract from the Cardiff City Council, its first win from the local government space in the UK
Sudha Murthy sells shares to fund Catamaran
Sudha Murthy, the wife of Infosys Technologies Co-founder N.R. Narayana Murthy, has sold two million shares of her holding in the IT bellwether for over Rs.430 crore (Rs.4.3 billion/$91.5 million), Infosys informed.
In 1981, Sudha sold her jewelery to give her husband Rs.10, 000 in seed money to start Infosys. This time the reason is again to fund her husband's latest venture, a venture fund called Catamaran.
Sasken buys Ingenient’s assets, product portfolios
Sasken Communication Technologies has acquired the product portfolio, some customer contracts and certain assets of the US-based Ingenient Technologies Inc, a provider of embedded multimedia software solutions.
As part of the deal, Ingenient will transfer 40 engineers in Chicago and sales team in Korea and Japan to Sasken
Mid-tier tech cos eye $2 bn local deals
With larger rivals already chasing the lucrative domestic market, mid-tier tech firms such as Patni Computer Systems and Hexaware are attempting to enter the market by jointly bidding with experienced bidders. India’s government departments and other state-owned firms are set to spend around $2 billion on IT during the next 12 months.
Hexaware, MindTree and Patni are among the many mid-tier Indian tech firms seeking to explore new business with an experienced partner. Hexaware, for instance, is pursuing 2-3 large deals as part of a consortium and several smaller ones on its own. The company’s strategy for the Indian market will be different from its strategy for overseas markets.
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