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November 07, 2007

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ACCENTURE SIGNS $400 MILLION DEAL WITH THOMAS COOK...Accenture will provide Thomas Cook Group plc with application management, technology infrastructure management, finance, accounting and human resources services under a US$400 million outsourcing agreement the two companies signed recently. The contract, which supersedes an agreement the two companies signed in early 2002 for similar services, is designed to enable Thomas Cook to integrate a range of MyTravel plc functions into existing Thomas Cook outsourced operations following the merger of the two companies this past June.

UNITEDHEALTHCARE ACQUIRES FISERV HEALTH...UnitedHealthcare will acquire substantially all of Fiserv’s health-related businesses for $775 million in cash. The transaction includes Fiserv Health, a leading administrator of medical benefits; Avidyn Health, a care facilitation business; and the Fiserv Health Specialty Solutions businesses (which include J.W. Hutton, a subrogation and overpayment recovery organization, and ppoONE, a claim repricing and data management service). Fiserv Health’s Pharmacy Benefits Management business (PBM) Innoviant will also be part of the transaction.

CSC TO ACQUIRE FIRST CONSULTING GROUP...Computer Sciences Corporation and First Consulting Group, Inc. have entered into an agreement and plan of merger through which CSC will acquire First Consulting Group (FCG) in an all-cash transaction for $13.00 per share, or approximately $365 million. The transaction is expected to be neutral to reported CSC earnings and accretive to free cash flow within the first 12 months.

DEADLINE FOR OUTSOURCING EXCELLENCE AWARDS IS NOVEMBER 15...The deadline for nominations for Outsourcing Center’s 2008 Outsourcing Excellence Awards, sponsored by Everest Group and Forbes, is now November 15. Previous award winners include many of the world’s leading companies in every industry and demonstrate the importance of outsourcing in their strategies for business success. A list of all winners since 1997 is displayed at www.outsourcing-awards.com. The nomination form and instructions are available at www.outsourcing-awards.com.

Posted by jbowles at November 7, 2007 08:31 PM