February 03, 2010
Top Stories
GENPACT ACQUIRES SYMPHONY MARKETING SOLUTIONS...Genpact Limited, a leader in managing business processes for companies around the world, announced the acquisition of Symphony Marketing Solutions, Inc. (SMS), a leading provider of analytics and data management services with expertise in the retail, pharmaceutical and consumer packaged goods industries. SMS has more than 1,200 employees in India and the United States. Concurrently with the closing of the SMS acquisition, Information Resources, Inc. (IRI), one of the world's leading providers of enterprise market information solutions and services and a strategic client of SMS, has executed an eight-year contract under which SMS will provide end-to-end data management and analytics services to IRI.
CAPGEMINI BUYS IBX...Capgemini Group has acquired on-demand purchasing solutions provider IBX and with it, the availability of the industry's first global end-to-end, Procurement-as-a-Service offering. Financial details of the deal were not disclosed. Having collaborated together since summer 2009, Capgemini and IBX decided to join forces in order to drive development of a new global procurement service offering and further expand the addressable market for IBX's best-in-class technology. The deal adds IBX's strength in software-as-a-service purchasing technology to Capgemini's global sourcing, business process outsourcing (BPO) and transformation expertise.
SYNTEL APPOINTS PRASHANT RANADE CEO...Syntel, a global information technology services and Knowledge Process Outsourcing (KPO) firm, has appointed Prashant Ranade to the positions of Chief Executive Officer and President, effective immediately. Prashant has more than 30 years of leadership experience in large global corporations coupled with deep domain knowledge in healthcare and life sciences, high-tech engineering and manufacturing, and supply chain and logistics automation. He has been a member of Syntel's Board of Directors since June 2007 and formerly served as President and CEO of Siemens Logistics & Assembly Systems, Inc.
WNS NAMES MURUGESH CEO...WNS (Holdings) Limited, a leading provider of global business process outsourcing (BPO) services, announced that its Board of Directors has appointed Keshav Murugesh to the position of Chief Executive Officer and elected him to the Board. Murugesh, 46, most recently served in the same role at Nasdaq listed Syntel Inc, a global provider of custom outsourcing solutions in a broad spectrum of information technology and information technology-related services. He is expected to assume his new responsibilities effective February 19, 2010.
New Business
The U.S. Army Materiel Command (AMC) issued CSC two contract modifications to continue providing information technology and logistics services under the Army's Logistics Modernization Program (LMP) contract. Both modifications have two-year periods of performance and an estimated combined total value of $261 million. These contracts were won during CSC's third quarter ending January 1, 2010.
The U.S. Defense Information Systems Agency (DISA) Defense Information Technology Contracting Organization (DITCO) has awarded Unisys Corporation a contract to provide IT managed services for DISA's Unisys ClearPath mainframe environment. The contract, awarded in the fourth quarter of 2009, is worth an estimated $187 million over its five-year term. Under the contract, Unisys will provide additional mainframe processing capacity and support services for the agency's ClearPath systems that support Air Force logistics, Defense Finance and Accounting Service financial activities, and other Department of Defense applications.
International News
ABB, the leading power and automation technology group and IBM have signed a new agreement that will transform ABB's Information Systems (IS) infrastructure across 17 countries in Europe, North America and Asia Pacific. IBM will provide server and network management, as well as end user and help desk services for the majority of ABB's IS infrastructure operations. The new IS infrastructure agreement will also improve ABB's IS energy efficiency, reducing carbon emissions by 9,000 tons annually - equivalent to taking more than 1,600 cars off the road - through consolidation and virtualization of ABB's servers and storage.
Ness Technologies, Inc. announced that it would provide outsourcing services to Thomson Reuters Israel for an additional four years. The company, which has worked with Thomson Reuters for the past five years, will continue to provide technical and IT infrastructure services, including installations and IT support for Thomson Reuters Israel's clients. Ness Technologies' outsourcing experts provide continuing on-site support and maintenance services to Thomson Reuters' clients across Israel, including all dealing rooms, brokers, assets management companies, leading corporations and leading Israeli websites. In addition to the ongoing systems maintenance, Ness will install Thomson Reuters' systems in banks, conduct upgrades, handle satellite
BancTec, Inc., a global provider of advanced, high-volume, document and payment processing solutions and services, has been awarded a place on the Software Application Solutions framework agreement for the supply of document and records management solutions to the UK public sector. Buying Solutions, the national procurement partner for UK public services, made the award, which BancTec has now received twice.
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