HCL bags $350 million outsourcing deal from Reader's DigestMarch 16th, 2009 NEW DELHI - HCL Technologies, a leading global IT solutions major, Monday announced a $350-million deal from Reader's Digest spread over seven years to provide a wide range of outsourcing services. The scope of the deal with Reader's Digest Association includes development of software applications, infrastructure support, network security, data storage, disaster recovery and support for data centres, a company statement said.
Qantas praises Mahindra Satyam as a good value partnerSeptember 2nd, 2009 MELBOURNE - Qantas has praised outsourcing partner Mahindra Satyam's performance despite the latter being embroiled in a much-publicised billion-dollar accounting scandal. According to Australian IT, Qantas corporate services and technology executive manager David Hall said despite the fraud saga, Satyam continues to service the Flying Kangaroo.
Tech Mahindra to run Satyam as standalone unitApril 21st, 2009 Tech Mahindra Limited, which is taking over Satyamomputer Services Limited in a deal worth about 580 million dollars, has said that it would run the fraud-hit outsourcing firm as a standalone unit. Tech Mahindra said its immediate priority was to retain and win back lost clients of Satyam and the company intended to meet key customers across the world.
IBM signs $200M outsourcing deal with Indian telecommunications companyOctober 6th, 2009 IBM signs $200M outsourcing contract with telecomSAN FRANCISCO — IBM Corp. says it has won a $200 million contract to handle some technology chores for a company called Datacom Solutions as it rolls out telecommunications services in India.
Publicis to buy Microsoft's Razorfish in a deal valued at more than $500 millionAugust 9th, 2009 Publicis to buy Microsoft's RazorfishNEW YORK —French advertising company Publicis Groupe SA has agreed to buy Microsoft Corp.'s digital advertising firm Razorfish as part of an effort to boost its share of advertising on the Web, according to a joint statement released Sunday. The companies value the deal at $530 million in a combination of cash and 6.5 million Pubicis Groupe treasury shares.
Now, dinner with Oz PM for 20,000 dollarsJune 17th, 2009 MELBOURNE - Australians wanting to secure an intimate sit-down dinner with Prime Minister Kevin Rudd have just hours left to bid for the privilege on eBay. But they will need 20,000 dollars or so to be in the running.
Mystery surrounds Satyam grant by Victoria GovernmentSeptember 15th, 2009 MELBOURNE - The Government of Victoria's decision to give a grant to Indian software giant Satyam Computers now Mahindra Satyam despite failing a federal government litmus test for funding is shrouded in mystery. The grant by Victoria controversially enabled the original firm to embark on the 75 million dollar Geelong IT project.
Australian Software Giant Telstra Dumps Scandal-ridden Satyam, Cancels 32 Million dollar dealMarch 17th, 2009 Telstra cancels 32 m dollar deal with Satyam
MELBOURNE - Australian software major Telstra has dumped scandal-ridden outsourcing partner Satyam from an applications support contract believed to be worth 32 million dollars a year. EDS will pick up the embattled Indian outsourcing firm's IT contracts with Telstra, sources told The Australian.
Wipro to acquire Citigroup's Indian IT subsidiaryDecember 22nd, 2008 BANGALORE - India's second largest IT bellwether Wipro Technologies Tuesday announced acquisition of Citi Technology Services, the India-based captive provider of IT services and solutions to Citigroup entities worldwide, for $127 million in an all-cash deal. As part of the deal, Wipro and Citi will sign a Master Services Agreement for delivery of technology infrastructure services and application development and maintenance services for six years, which is projected to accrue $500 million during the contract.
Ebix acquires software maker E-Z Data for $50.3 million in cash and stockOctober 1st, 2009 Ebix acquires E-Z Data for $50.3 millionATLANTA — Software supplier Ebix Inc. said Thursday that it acquired software maker E-Z Data Inc.
Microsoft-Yahoo deal draws antitrust probeSeptember 11th, 2009 SAN FRANCISCO - The US Department of Justice is looking into the advertising and search alliance between Microsoft and Yahoo, the companies said Friday. Yahoo and Microsoft, which trail a distant second and third respectively to Google in the internet search market, announced their deal in late July in a bid to combine forces and challenge the web giant.
Twitter raises another large investment; published reports say deal values company at $1BSeptember 25th, 2009 Something to tweet about: Twitter gets more doughSAN FRANCISCO — Twitter Inc. has raised $100 million in a deal that values the startup at $1 billion — even though the 3-year-old company still hasn't generated any meaningful revenue.
Alvarion shares jump after deal with Italian wireless Internet companyJune 23rd, 2009 Alvarion shares climb after Italy dealNEW YORK — Shares of Alvarion Ltd. jumped Tuesday after the Israeli provider of wireless broadband technology and services said it was chosen to deploy a nationwide mobile wireless data network in Italy.
Wipro Infotech bags Rs. 11.8 billion software outsourcing dealMarch 13th, 2009 BANGALORE - Wipro Infotech has bagged a Rs.11.82-billion (Rs.1,182-crore) IT outsourcing contract from the state-run Employees State Insurance Corp (ESIC), the company said Friday. In bagging the deal, Wipro outbid India's other two IT bellwethers Tata Consultancy Services (TCS) and Infosys Technologies in a global tender floated in November 2008 for ESIC's 'Project Panchdeep'.
Epicor Software inks deal amending its credit facilityOctober 6th, 2009 Epicor Software amends deal for line of creditIRVINE, Calif. — Epicor Software Corp.
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