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May 16, 2007
Top Stories
OUTSOURCING EXCELLENCE AWARD WINNERS NAMED...Outsourcing Center has announced the winners of the 2007 Outsourcing Excellence Awards:
Best Partnership - Old Mutual Financial Network
and Perot Systems
Best IT Applications - Illinois State Toll Highway
Authority/Unisys
Best IT Infrastructure - Bank of India/HP
Best BPO - Louisiana Department of Social
Services/ACS
Best EU - Thomas Cook UK/Accenture
Best Offshore - Nortel Networks/Wipro
Best First Steps - Bharti Airtel/Nortel Networks
India
Best Financial Services - Aon South Africa/Alfinanz
Best Healthcare - Brigham and Women's Hospital
Department of Surgery/McKesson Provider
Technologies
An independent panel of industry experts evaluated 86 nominated relationships worldwide.
The September 1 issue of the Outsourcing Journal will feature in-depth articles on each award-winning relationship. Forbes magazine will highlight the winners in its June 4 issue.
"Outsourcing is becoming more complex," said Debra Floyd, COO, Outsourcing Center and director of the awards program. "All companies engaging in outsourcing will benefit by reading about the winners’ lessons learned, keys to success, and collaborative techniques. These relationships achieved notable business outcomes in competitive markets and are exemplary in how they manage their relationships for success."
Winners will be honored at an “Oscars”-like ceremony in New York City, sail on the Forbes Highlander Yacht, and participate in a best practices educational seminar.
GENPACT FILES FOR IPO...Genpact Ltd. has filed for a $600 million IPO. It plans to trade on the NYSE under ticker symbol G, with Morgan Stanley, Citi and JPMorgan serving as co-lead underwriters. General Atlantic and Oak Hill Capital Partners acquired a 62.63% stake in Gepact from General Electric in 2005, for approximately $500 million (including $375 million in equity).
KEANE SHAREHOLDERS APPROVE CARITOR MERGER...Keane, Inc. announced that at a special meeting of shareholders Keane shareholders voted to adopt the merger agreement pursuant to which Caritor, Inc., a global provider of IT services, would acquire Keane. The shareholder vote is a condition to the closing of the acquisition.
WNS CLOSES MARKETICS ACQUISITION...WNS (Holdings) Limited has closed its acquisition of Marketics Technologies (India) Private Limited, a privately-owned leader in offshore analytics services on May 9, 2007. The total consideration for the acquisition consists of a $30 million payment at closing and a contingent earn-out of up to a maximum of $35 million based on the results of operations of Marketics for the fiscal year ending March 31, 2008.
Posted by jbowles at May 16, 2007 07:48 PM
