MindTree net profit 48 percent down on huge forex lossJanuary 18th, 2009 BANGALORE - Hit by a massive forex loss due to a weakening rupee, global IT services firm MindTree Ltd. Monday reported a lower consolidated net profit of Rs.103 million (Rs.10.3 crore) for the third quarter (October-December) of this fiscal (2008-09), posting a negative growth of 48 percent year-on-year.
MindTree to acquire Kyocera Wireless (Business Capsule)September 29th, 2009 MUMBAI - Software major MindTree said it would acquire the Bangalore-based subsidiary of Kyocera Wireless by making an upfront payment of $6 million, while further payments would be linked to revenues in the next two fiscals. "We expect this acquisition to contribute approximately $9 million in revenues for the period October 2009 to March 2010, with profit after tax expected to be in the range of 13-15 percent," MindTree said in a regulatory statement.
Malaysia Airlines opts for IBS crew management solutionJune 30th, 2009 THIRUVANANTHAPURAM - IBS Software Services, a city-based IT solutions provider to travel, transportation and logistics industry, has signed an agreement with Malysia Airlines for providing a crew management solution, the company said Tuesday. As per the contract, signed in Kuala Lumpur Tuesday, the IBS software, "Avient Crew", will replace the airline's two existing crew management systems - one for managing technical crew roster and the other for cabin crew roster.
Elecon unveils 'In Case of Emergency' softwareJanuary 27th, 2009 VALLABH VIDYANAGAR - Material handling equipment manufacturer Elecon Engineering Wednesday launched a software that stores health information on mobile phones for use during crisis. Called 'In Case of Emergency' (ICE), the software can help communicate one's health information, which can be communicated to pre-identified family members and friends during crisis through the mobile phone.
Malaysia Airlines chooses Kerala IT firm's softwareApril 30th, 2009 THIRUVANANTHAPURAM - MASholidays, the travel and leisure arm of Malaysia Airlines, has opted for the city-based IBS Software Services' tour management solution 'iFly Tour', the IT firm said here Thursday. iFly Tour, a product under the iFly solution suite, offers an online booking system that is fully integrated with real time inventory of flights, hotel rooms and other products.
Kerala IT firm gets two more foreign airline clientsApril 10th, 2009 THIRUVANANTHAPURAM - Later this year, Air New Zealand and Austrian Airlines will start using iCargo CRA, a revenue accounting solution for cargo carrying airlines developed by the city-based IBS Software Services. 'iCargo CRA is built on proven new-generation technology and application architecture.
Cablevision unveils banner ads on TV that will let viewers order samples, buy productsSeptember 15th, 2009 Cablevision unveils interactive banner ads on TVCablevision Systems Corp. is bringing interactive banner ads to television, allowing viewers to order samples and brochures and even purchase products by clicking the remote on their TV sets.
Bangalore software firm opens subsidiary in DubaiMarch 4th, 2009 BANGALORE - The city-based IT solutions firm Sonata Software has set up a wholly-owned subsidiary at Dubai Internet City in the United Arab Emirates (UAE) as its regional hub for expanding its presence in the Middle East and Africa, the company said Wednesday. 'Operating from the Dubai Internet City free zone, we will provide value-based IT solutions and strengthen our presence in the region by targetting market segments such as travel, tourism, hospitality and construction industry,' Sonata managing director B.
Britain's second largest airline bmi opts for Technopark IT solutionFebruary 2nd, 2009 THIRUVANANTHAPURAM - bmi, Britain's second largest airline and a Star Alliance member, has opted for Tehcnopark-headquartered IBS Software's new generation IT solution for managing loyalty programmes for its passengers, it was announced here Tuesday. The iFly Loyalty software will help the airline to administer its frequent flier programme (FFP) and customer relationship management (CRM) functionalities like campaign management, feedback management and even fraud detection, an IBS statement said.
Comcast unveils 100 Mbps Internet speeds for businessesSeptember 9th, 2009 Comcast sets 100 Mbps Internet speeds for businessPHILADELPHIA — Comcast Corp. has begun offering Internet speeds of up to 100 Megabits per second for businesses, starting with the Twin Cities region.
Aptara meets increasing business growth with new delivery centerSeptember 9th, 2009 NEW DELHI - Aptara, Inc., a market leader in knowledge process outsourcing, today announced a major new delivery facility in Trivandrum, India. This leading-edge facility will be home to a Publishing Center of Excellence and to hundreds of professionals who provide advanced editorial, composition and production management services to Aptara's key customers.
SYSTIME strengthens executive leadership teamMarch 12th, 2009 MUMBAI - SYSTIME, a CMS Group Company and the largest Oracle JD Edwards Practices globally, has recently announced the appointment of Indu as Chief Operating Officer (COO). In this position of COO Indu will be responsible for the following functions: Global Delivery and Resource Management, Global HR and Recruitment, Global IT, Global Quality, Training and Workplace Management Group (Administration).
Roamware launches next generation SIM Box Detector TJuly 9th, 2009 SAN JOSE - Roamware Inc, the global leader in mobile roaming solutions and software, today announced the launch of SIM Box DetectorT, a next generation fraud detection solution. SIM Boxes, or GSM Gateways, were designed originally, for a variety of legal applications but fraudsters quickly hit on their potential to terminate international inbound calls and intercept revenue rightly due to network operators.
Indian IT Company BodhTree Partners with Red Hat for Multi-Industry Data Anomaly ProductMarch 16th, 2009 HYDERABAD - City-based IT service provider BodhTree Consulting has entered into a strategic partnership with Red Hat as independent software vendor (ISV), the company said Monday. Bodhtree's MIDAS (multi industry data anomaly solution) is now available on Red Hat JBoss enterprise platform, the IT company said in a statement.
Share opinions, knowledge online on green topicsJanuary 28th, 2009 NEW DELHI - Now green activists and enthusiasts can share their views, knowledge and even debate issues concerning the environment and nature on a new 'Opinions' page launched by the International Union for Conservation of Nature (IUCN) on its website. The IUCN, the world’s oldest and largest environmental organisation, launched the opinion page Thursday.