« New Business | Main | Advertising Information »

June 08, 2006

Top Stories

EDS SUCCEEDS IN BID FOR MPHASIS STAKE...EDS has succeeded in its efforts to acquire a majority stake of MphasiS BFL Limited, a leading applications and business process outsourcing (BPO) services company based in Bangalore, India. More than the required 83 million shares of MphasiS have been tendered in response to EDS' conditional open offer of Rupees 204.5 per share (approximately US$4.50), which closed on June 5. Total consideration for the transaction that gives EDS a majority stake in MphasiS is approximately US$380 million cash. The transaction is expected to be completed by the end of June, subject to administrative settlement procedures.

ACCENTURE TO PROVIDE GLOBAL HR SERVICES TO UNILEVER...Accenture will provide Unilever with a broad range of human resources services – from recruitment to payroll processing and performance management – in 100 countries under a business process outsourcing contract signed by both companies. The seven-year agreement will begin in July. Financial terms were not disclosed. Accenture will provide services to nearly 200,000 employees in more than 20 languages from delivery centers in Bangalore, Manila, Dalian, Bucharest, Prague and Curitiba.

RSM MCGLADREY FORMS GLOBAL UNIT...RSM McGladrey entered into a strategic agreement with Munich-based RSM Hemmelrath Gruppe, one of Germany's most respected legal and tax firms to create RSM McGladrey UK Ltd., an international tax consulting firm. The new entity will provide the foundation for RSM McGladrey's global international tax and cross-border transaction support business in eight countries.

CAPGEMINI LAUNCHES NORTH AMERICAN BRAND CAMPAIGN...Capgemini has launched the next wave of its brand advertising campaign in the United Sates and Canada. Themed "The Collaborative Business Experience" and designed to reach business and technology decision-makers, this investment in print, airport and online media expands Capgemini's commitment to enhance its market share in North America.

ACCENTURE OPENS NINTH DELIVERY CENTER IN INDIA...Accenture has launched a technology delivery center in Pune, India, for software outsourcing and systems integration services. The facility is Accenture's ninth delivery center in India, and represents further expansion of the company's Global Delivery Network.

KORN/FERRY AUTHORIZES NEW STOCK REPURCHASE...Korn/Ferry International has approved the repurchase of up to $25 million of Korn/Ferry stock in a common stock repurchase program. This program will commence following the completion of the company's $50 million stock repurchase program announced in December 2005, under which approximately $22 million remains authorized.

GENPACT OPENS PHILIPPINES CENTER...Genpact will open its newest business-processing center in the Philippines this summer. It is the seventh country of operations for Genpact, formerly known as GE Capital International Services.

Posted by jbowles at June 8, 2006 03:50 PM