Epicor Software inks deal amending its credit facilityOctober 6th, 2009 Epicor Software amends deal for line of creditIRVINE, Calif. — Epicor Software Corp.
Gates still Forbes' richest American, 4 Indians among top 400October 1st, 2009 WASHINGTON - Four Indian Americans are among America's super-rich with Microsoft Corp co-founder Bill Gates still holding the top spot on the Forbes 400 list of wealthiest Americans with a fortune of $50 billion. Warren Buffett, who's worth $40 billion, comes in No.2 in the Forbes magazine's annual ranking, followed by Oracle founder Lawrence Ellison ($27 billion) and members of the Walton family, owners of Walmart.
Dell Computers Chooses AMD ProcessorsMay 19th, 2006 Dell Computers (DELL) announced that it will start using AMD's processors, breaking its long-standing, single-source relationship with Intel (INTC) and giving AMD yet another victory over Intel. AMD shares surged 12% to $35.10 in late trading, while Intel shares dropped 5% to $17.80.
Idea inks Rs.145-crore deal with FirstsourceJune 23rd, 2009 MUMBAI - Telecom major Idea Cellular Tuesday signed a Rs.145-crore agreement with Firstsource Solutions, a business process outsourcing (BPO) service provider. As part of the agreement, Firstsource will provide for five years a suite of customer management interaction services, including customer service, billing, new product information and plan details to Idea from its centre in Coimbatore, the companies said in a statement.
Bill Gates is the world's richest man againMarch 12th, 2009 NEW YORK - Forbes magazine study has revealed that Microsoft Corporation co-founder Bill Gates has reclaimed the title of the richest man in the world, with a total net worth of 40 billion dollars. According to Fox News, the magazine found 793 billionaires in 2009, which was down by 30 percent from a year earlier.
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.
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.
24 Indians make it to 'World's Richest' clubMarch 11th, 2009 WASHINGTON - Two dozen Indians made it to the Forbes list of 'World's Richest' with four of them among the top 10, as Warren Buffett dethroned Microsoft co-founder Bill Gates, who held the top slot for 13 straight years. Steel czar Lakshmi Mittal, heading the world's largest steelmaker ArcelorMittal, is in the fourth place with a personal fortune of $45 billion.
AIG strikes deal to sell India information technology unit to MphasiS for undisclosed amountAugust 13th, 2009 AIG reaches deal to sell Indian IT unit to MphasiSNEW YORK — American International Group reached a deal to sell another unit on Wednesday. The battered insurance giant will sell its AIG Systems Solutions Pvt.
Sun posts $147M loss for the April-June quarter as Oracle takeover loomsAugust 29th, 2009 Sun posts $147M loss as Oracle deal loomsSAN FRANCISCO — Server and software maker Sun Microsystems says it lost $147 million in the April-June period as sales dropped 31 percent. The numbers reflect what might be Sun's last full quarter as an independent company.
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.
BANGALORE - IBM has signed a $15-million (Rs.71-million) outsourcing deal with Eureka Forbes Ltd., a leading Indian health and hygiene solutions firm, to provide business consulting, package implementation, infrastructure and application management services for five years, the global IT major said Monday. As part of the engagement, IBM's India subsidiary will take over the IT staff of Eureka Forbes and leverage its research expertise to help improve its customer's revenue with new tools.
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