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August 27, 2008

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COMPUCOM COMPLETES GETRONICS ACQUISITION...CompuCom Systems, Inc. announced the completion of its acquisition of the North American operations of Getronics. The combined entity, as of the end of each company's 2007 fiscal years, represents more than $2.1 billion in annual revenues with more than 11,000 employees. By acquiring more than $450 million of outsourcing services revenue, the collective IT services capabilities will be further enhanced on a global basis and now positions CompuCom as an over $1 billion provider of outsourcing services. CompuCom and Getronics have also signed a reciprocal global services partner agreement that allows each company to leverage their combined global capabilities.

HP COMPLETES EDS PURCHASE...HP has completed its acquisition of Electronic Data Systems Corporation (EDS), creating a leading force in technology services. With this acquisition, initially announced on May 13 and valued at an enterprise value of approximately $13.9 billion, HP has one of the technology industry's broadest portfolios of products, services and end-to-end solutions. The acquisition is, by value, the largest in the IT services sector and the second largest in the technology industry, following HP's acquisition of Compaq, which closed in 2002. The companies' collective services businesses, as of the end of each company's 2007 fiscal year, had annual revenues of more than $38 billion and 210,000 employees, operating in more than 80 countries.

RICOH BUYS IKON...Ricoh Company, Ltd. has reached a definitive agreement to acquire IKON Office Solutions, Inc. through RICOH's wholly owned U.S. distribution subsidiary, Ricoh Americas Corporation. As the world's largest independent channel for document management systems and services, IKON supplies and services a wide range of office equipment in the U.S., Canada and Western European markets. IKON also provides professional services and document outsourcing services to a wide variety of customers.

INFOSYS TO ACQUIRE AXON GROUP...Infosys is acquiring Axon Group plc, a leading UK-based SAP consulting company. Founded in 1994, Axon provides consultancy services to global companies that have chosen SAP as their enterprise platform. The company focuses on technology-enabled transformation programs by leveraging its in-depth industry expertise and functional knowledge. Infosys’ acquisition of Axon valued at £407.1 million (INR 33.1 billion; US$753.1 million) is expected to be completed by November 2008. Axon has 2,000 employees located at offices in United Kingdom, North America, Malaysia, and Australia. For the year ended 31 December, 2007, Axon reported profit after taxation of £20.2 million (INR 1.6 billion; US$37.4 million) on revenue of £204.5 million (INR 16.6 billion; US$378.3 million).

ITC INFOTECH BUYS PYXIS SOLUTIONS...ITC Infotech, a global IT services company and a fully owned subsidiary of ITC, has acquired Pyxis Solutions, a US based niche player offering Quality Assurance (QA) solutions and testing services.

SELLING IN MATURE MARKETS...3forward, a Dallas-based growth services firm specializing in sales, marketing and alliances for IT services companies, has introduced new offerings specifically to help mid-tier and emerging off-shore technology providers improve sales in mature markets such as the United States.

Posted by jbowles at August 27, 2008 07:30 PM