May 15, 2012
Top Stories
ACCENTURE LAUNCHES CLOUD-BASED VERSION OF LIFE INSURANCE SOFTWARE...Accenture has unveiled a cloud-based version of its award winning life insurance new business and underwriting software. Part of the Accenture Life Insurance Platform, Accentures life and annuity insurance software suite, the software component is now available with a Software as a Service (SaaS) licensing option, and is designed to help life and annuity insurers drive growth and profitability and expand into new market segments, while helping reduce costs.
GENPACT BUYS RURAL BANKING TECHNOLOGY FIRM...Genpact Limited has signed a definitive agreement to acquire atyati technologies, a technology platform provider for the rural banking sector in India. Closing is expected in three-to-four weeks, subject to satisfaction of certain customary conditions. Terms of the deal are not disclosed. The acquisition of atyati technologies provides Genpact with a leading technology platform in the rural banking space with last mile functionality that allows Indian banks to serve the millions of people who reside in rural areas. This supports a major initiative in India driven by the government, Indias central bank (RBI), and the financial services industry to provide banking services as well as facilitate payments of multiple government programs to the rural population. Rural India remains an untapped market for banking and financial institutions with opportunities for providers in the banking, insurance and mutual fund sectors.
HP CLOUD SERVICES MOVE TO PUBLIC BETA...HPs first publicly available beta services, HP Cloud Compute, HP Cloud Object Storage and HP Cloud Content Delivery Network, are now being offered through a pay-as-you-go model. HP Cloud Services offer a public cloud infrastructure along with platform services and cloud solutions. Designed with OpenStack technology, the open-sourced-based architecture ensures no vendor lock-in, improves developer productivity, features a full stack of easy-to-use tools for faster time to code, provides access to a rich partner ecosystem, and is backed by personalized customer support. HPs full suite of public cloud services will enable developers to create the next generation of web services to be built, run and scaled on a global basis, backed with a broad selection of analytics, tools and services.
CAPGEMINI POSTS BETTER-THAN-EXPECTED QUARTER...Capgemini posted higher-than-expected sales in the first quarter driven by technology services and double-digit growth in North America. The firm reported 4.3 percent organic growth in sales to 2.565 billion euros ($3.32 billion), above the average market forecast of 2.464 billion cited by analysts. Sales in North America, which remained the biggest contributor to growth in the quarter, grew 13 percent to 505 million euros while revenue in Benelux continued to decline.
DELL OPENS NEW YORK SOLUTIONS CENTER...Dell has opened its New York solution center, the latest in its global network of solution centers that help customers explore, test and deploy solutions for building IT infrastructures that suit their business needs both today and in the future. The New York center, located in Penn Plaza, is the 11th solution center opened worldwide in the last 12 months, marking an important step in Dells becoming a complete solutions and services provider.
Genpact Creates Jobs in Texas As Outsourcing Matures...Genpact just opened its fourth operations center in Richardson, Texas on April 4. It joins centers in Wilks-Barre, Pennsylvania; Irvine, California; and Danville, Illinois. Scott McConnell, senior vice president, Americas for Genpact says the U.S. is “the fastest growing country based on the percentage of people being hired. Read more...
New Deals
Tata Consultancy Services (TCS) announced that the Spotless Group, an international services company specializing in outsourced facility management, has gone live with the first phase of its SAP transformation program.
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