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November 22, 2006

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Thanksgiving Edition - Have a Great Holiday!

BARCLAYS RENEWS SIEMENS BPO CONTRACT...Siemens Business Services announced the extension of its business process outsourcing (BPO) contract with Barclays, in a multi-million dollar deal. This extension to 2008 is the second since the beginning of the relationship with Barclays in 2000. Siemens Business Services is operating areas of Barclays’ retail banking back office, including: account closures, transfer of funds and administrative processing for direct debit and standing order instructions.

ARAMARK CALLS SPECIAL SHAREHOLDER MEETING TO CONSIDER SALE...ARAMARK Corporation has called a special meeting of shareholders for December 20, 2006 to consider and vote upon the proposal to adopt the previously announced merger agreement providing for the acquisition of ARAMARK by an investor group led by Joseph Neubauer and investment funds managed by GS Capital Partners, CCMP Capital Advisors and J.P. Morgan Partners, Thomas H. Lee Partners and Warburg Pincus LLC.

UNISYS EXPANDS DEAL WITH BRUSSELS AIRPORT...Unisys Corporation announced that its Belgian subsidiary has expanded its relationship with The Brussels Airport Company through a new five-year IT outsourcing contract. Unisys Belgium will replace and manage the common infrastructure used by more than 80 airlines to issue tickets, route baggage and generate boarding passes. Unisys Belgium will upgrade Brussels Airport’s Common Use Terminal Equipment (CUTE), the technology infrastructure that provides a single interface into passenger and baggage information throughout the airport.

BISYS NAMED PROVIDER FOR BLUE FUND...BISYS announced that it is the mutual fund service provider of choice for The Blue Fund Group’s recently launched portfolios. Through its FundEnsemble service model, BISYS will provide turnkey administrative services, including comprehensive treasury, board, and distribution support as well as core fund accounting, fund administration, transfer agency, and shareholder services.

NETSUITE FORMS JAPANESE PARTNERSHIP...NetSuite announced a major partnership with Miroku Jyoho Service (MJS), a leading accounting software provider in Japan. NetSuite will leverage the expertise that MJS has in providing ERP software to SMEs and accounting firms, which accounts for 25 percent of the market share in Japan. Additionally, MJS has made a an investment of nearly $5 million that represents an equity stake in NetSuite K.K. (NetSuite's Japan subsidiary) and a combination of distribution rights and joint engineering commitments.

Posted by jbowles at November 22, 2006 07:01 PM