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October 03, 2007

Top Stories

EDS WINS $630 MILLION SABRE EXTENTION...EDS and Sabre Holdings announced the renegotiation and extension of an information technology (IT) services contract through 2014, with new revenue to EDS valued at approximately $630 million. Under the new agreement, EDS will provide a full range of IT services in support of Sabre’s continued business transformation, including its move to open systems. By adopting the EDS implementation of industry best practices through its tools and services, Sabre will be positioned to focus more energy on enhancing the end-customer’s experience through its innovative technology tools and services.

PEROT SYSTEMS WINS $400 MILLION DOE CONTRACT...Perot Systems Corporation's government subsidiary has been awarded the U.S. Department of Education's $400 million Education Department Utility for Communications, Application and Technology Environment (EDUCATE) contract. The ten year contract will serve to provide a broad range of information technology infrastructure services to the department.

ACXIOM TERMINATES MERGER AGREEMENT...Acxiom Corporation has terminated the previously announced acquisition of Acxiom by Axio Holdings, LLC, a company controlled by Silver Lake and ValueAct Partners. Acxiom, Silver Lake and ValueAct Partners have signed a settlement agreement pursuant to which Acxiom will receive $65 million in cash to terminate the merger agreement.

LUXOFT STUDY SUPPORTS MULTISOURCING...Luxoft announced results from the “2007 US ISV Market Report: Key Factors in Outsourcing” survey that included the surprising finding that ISV companies employing a multisourcing strategy ranked their overall perception of performance higher than those outsourcing their development work only to domestic providers. The difference is statistically significant – and consistent – across the 10 key business decision factors, including workforce experience and education, supplier domain expertise, supplier attrition rate, and cost savings, and particularly in the areas like quality and security which were identified as most important to ISV clients.

Posted by jbowles at October 3, 2007 05:06 PM