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February 23, 2006

Top Stories

EDS TO REPURCHASE $1 BILLION IN SHARES...EDS announced that its Board of Directors has authorized the company to repurchase up to $1 billion of its outstanding common stock over the next 18 months in open market purchases or privately negotiated transactions...AND NAMES CO-CHIEF FINANCIAL OFFICERS...EDS has named Ron Vargo and Tom Haubenstricker interim co-chief financial officers, effective March 15, 2006. They will share the functions currently performed by Bob Swan, who will be leaving the company on that date.

FUJITSU CONSULTING EXPANDS U.S. FOOTPRINT...Fujitsu Consulting will acquire Rapidigm, a Pittsburgh, PA-based privately-held information technology consulting and integration firm with offices in 22 major metropolitan markets in the United States and offshore development centers in India. The transaction is expected to close within 45 days, subject to various closing conditions and regulatory clearance.

MERCER HR SERVICES REPORTS MOMENTUM...Mercer HR Services, the outsourcing business of Mercer Human Resource Consulting, posted a strong finish in 2005, signing 36 new clients during the year, 21 in the last six months alone. New clients include MGM Grand, Chevron Phillips Chemical, E.ON U.S. LLC (formerly LG&E Energy LLC), CONSOL Energy Inc., and Arkema Inc.

MANPOWER LAUNCHES RE-BRANDING EFFORT...Manpower has launched a new brand across its global network of 72 countries to align with the range of services the company offers today. As part of the re-brand, Manpower rolled out a new logo, marketing materials and an advertising campaign. This is the first time that Manpower has undergone an extensive re-branding process since the company was founded in 1948.

PEROT SYSTEMS NAMES NEW HEAD OF GOVERNMENT UNIT...Perot Systems Corporation has named Jim Ballard president of its wholly-owned subsidiary, Perot Systems Government Services, Inc.

EPAM OPENS FRANKFURT OFFICE...EPAM Systems, the leading provider of software engineering outsourcing services in Central and Eastern Europe, announced the opening of its German office in Frankfurt am Main.

CORRECTION: An item in last week's Outsourcing Alert erroneously reported that Accenture had named a new CEO. The company has named CEO William D. Green to the additional position of chairman, effective Sept. 1.

FIRST FORBES/OUTSOURCING CENTER 2006 SPECIAL REPORT CLOSES MARCH 21...Forbes and Outsourcing Center are teaming up again in 2006 for two special text/advertising reports focused on best practices in managing outsourcing relationships. The first report is scheduled for the June 5, 2006 issue of Forbes and will close for advertising participation on March 21. The second report will appear in the November 27 issue with a close date of September 11. Participating advertisers receive a text profile or customer case study that will appear in the pages of Forbes magazine, which is read by some 5 million business decisionmakers. For more information and special rates for Outsourcing Alert subscribers, contact Jerry Bowles.

Posted by jbowles at February 23, 2006 04:04 PM