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September 28, 2006

Top Stories

CSC WINS $3.73 BILLION UK HEALTH CONTRACT...Computer Sciences Corporation has been awarded a nine-year contract with the United Kingdom's National Health Service (NHS) as part of the NHS' Connecting for Health program to improve healthcare service for patients in the North East and East of England. The contract is valued at US$3.73 billion (1,965 million pounds sterling) if all options are exercised. The big loser in the deal is Accenture,, which had the original contract.

INDUSLOGIC ANNOUCES MERGER, NAME CHANGE...Induslogic, a global provider of outsourced product development services, is merging with Bonus Technology, a New Jersey-based software engineering services company with significant operations in the Ukraine. To better symbolize its expanded worldwide presence resulting from this merger, Induslogic is changing the company's name to GlobalLogic.

COGNIZANT ACQUIRES AIMNET...Cognizant Technology Solutions, a leading provider of IT services, has acquired Massachusetts-based AimNet Solutions Inc., a managed infrastructure and professional services firm. In acquiring AimNet, Cognizant gains capabilities and expertise that strengthen the company’s fast-growing IT Infrastructure Services (ITIS) practice.

EBIX ACQUIRES FINETRE...Ebix, Inc. has signed an agreement to acquire Virginia based Finetre Corporation through a merger effective October 1, 2006. The closing is expected to occur on October 2, 2006. Founded in 1997, Finetre Corporation is a Northern Virginia-based ASP software technology firm focusing on transaction processing and compliance automation in the financial services industry.

CAPGEMINI NAMES CEO OF P&C UNIT...Capgemini has named Salil Parekh, Chief Executive Officer of the company’s North America Project & Consulting business unit. Salil, who reports to Capgemini Group CEO Paul Hermelin and is a member of the Group Executive Committee, has been General Manager of the Capgemini’s North America P&C unit since October 2005.

BULL ACQUIRES INTERNET OUTSOURCING FIRM...Bull has acquired Agarik, a French company specializing in critical Internet infrastructure outsourcing and managed on-line services. The move will strengthen Bull's position in the outsourcing market for IT platforms and critical data flows that require 24/7 continuous operation.

Posted by jbowles at September 28, 2006 09:05 AM