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June 11, 2008

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BT SIGNS $650 MILLION DEAL WITH P&G...BT has signed a five year contract with Procter & Gamble (P&G) to provide and manage a broad and integrated portfolio of services in support of P&G's information technology (IT) requirements. The agreement is valued at 650 million USD. With the agreement, BT will provide and manage P&G's local and wide area network infrastructure across more than 1,100 locations in more than 82 countries. In addition, BT will migrate these services to a state-of-the-art, high-speed, Internet Protocol (IP)-based global MPLS (multiprotocol label switching) infrastructure. BT will also provide and manage perimeter security and firewall services, conferencing, remote access, voice and IP telephony services, and Internet services to support P&G's IT requirements.

COGNIZANT ACQUIRES CONSULTING FIRM...Cognizant announced the acquisition of substantially all of the assets of Los Angeles, CA-based Strategic Vision Consulting, Inc. (SVC), a leading management and technology consulting firm with over 60 employees serving the media and entertainment industry. Terms of the transaction were not disclosed. SVC focuses on high-impact consulting and systems implementation for leading media and entertainment companies, including the major studios,
broadcasters, post-production facilities and interactive media companies.

GENPACT LAUNCHES IT TRAINING JV...Genpact and NIIT, a leading Global Talent Development Corporation, announced the launch of a joint venture — NIIT Institute of Process Excellence Ltd — to address the increasing demand for skilled workers in the business & technology services industry by providing training programs in relevant areas. The new company will initially offer training programs in areas such as business processes, language skills and business communication, and intends to add additional offerings in other areas including finance and accounting, banking, insurance and supply chain.

Posted by jbowles at June 11, 2008 07:07 PM