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Tata Consultancy Services TCS, has announced having signed a 5 year global contract with global telecommunications company Ericsson to deliver application maintenance and development services for Ericssons internal IT operations.TCS has been selected as one of the two strategic partners that will its services to Ericsson. Amit Bajaj, director, Nordic region, TCS, said that Nordic companies are increasingly looking at service providers like TCS to deliver IT services and business solutions. They are seeing TCS to create a compelling value and deliver consulting, IT services and product engineering synergistically through a single global service standard using TCS Global Network Delivery Model GNDMTM.
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HM Revenue & Customs (HMRC) has signed a B#10m partnership deal with Accenture to develop its in-house IT capability.Under the B#10m agreement, Accenture will also make services available to other organisations involved in enforcing tax and customs laws, such as, the Revenue and Customs Prosecution Office, the Serious Organised Crime Agency, the UK Border Agency and the Home Office.
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Software major Infosys Technologies today said more IT deals were coming in the past two quarters as all major markets are back on the path of economic recovery. What has changed in the last two quarters is that the markets have improved and deals are coming back. We see more deal flows, says Infosys CEO and MD S Gopalakrishnan.The recovery is led by the US and other emerging markets such as India and China. The US contributes 60 per cent of the total business. Clearly this is having more impact on the Indian IT services. Proactively we are investing more on diversifying our business, he said.
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Wipro unveiled a global delivery centre at Curitiba in Brazil to serve its global and near-shore clients.
Though Wiprob s global IT services business division has been operating in Brazil since 2006, the new centre will enable it to diversify its footprint globally. The center, which has received positive feedback from existing clients and new customers, will stay committed to delivering world class solutions and creating new job opportunities in the local community.
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Meggitt have signed an engineering management outsourcing contract with HCL. The contract is worth $50 million and will see HCL providing engineering services for the companys global operations. The contract was awarded after a multi-vendor review which ran for several months. Terry Twigger, Meggitts chief executive says that this strategic initiative will help us respond to the current economic environment while successfully positioning us for future growth.
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Mahindra BT Investment Co has sold its entire 8.07 percent stake in IT company Tech Mahindra to US-based communications firm AT&T for USD 34.5 million. AT&T has picked up the stake from one of the promoters, Mahindra BT Investment Co, for USD 34.5 million. This is as per an agreement between AT&T and the promoter company in May 2005 before the IPO. AT&T has exercised the option to acquire the share, a Tech Mahindra spokes person said.
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CSC has announced a five-year extension to its global information technology (IT) outsourcing agreement with United Technologies Corporation . The extension adds over USD 1.5 billion in value to the existing contract, which now runs until December 2019. The extension also provides CSC with the immediate opportunity to expand into new geographies with a potential new business value of an additional USD 300 million.
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The International Association of Outsourcing Professionals and Confederation of Indian Industries (CII) today announced an affiliate association partnership to promote outsourcing. The two associations will work together to advance the outsourcing, offshoring, shared services and related management practices, industries and professions in India by forming new IAOP chapters; holding conferences, training and certification programs; sharing research and thought leadership; and many other industry-advancing initiatives.
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Indian IT services provider Infosys Technologies has announced that it has opened a new data center in Melbourne, Australia.The Victorian Government's ICT Minister John Lenders revealed that the company has already hired 90 of the 100 employees it was aiming to hire by next month.
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IT major Wipro Ltd, and leading public sector bank Punjab and Sind Bank (PSB) has announced that they have signed The partnership assumes significance in view of the Bankb s objective to become a Rs 100,000 crore bank by 2011 by increasing its branch networks and services. The strategic partnership is to enable centralized banking operations for PSB branches spread across the country. Through this partnership, the bank will be able to leverage technology to compete better and achieve operational excellence.
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Indiab s largest software vendor Tata Consultancy Services (TCS) has signed a five-year contract with Malaysia Airlines, the companies said.The partnership is the part of MAS strategic IT outsourcing program to transform the airlines operations, as part of MAS business transformation pan (BTP2) to deliver seamless internal customer experience.
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Wipro Infotech, the India and West Asian IT business of the USD 5 billion Wipro Ltd, has won a turnkey project from the Financial Intelligence Unit, India (FIU-IND) of the Union Ministry of Finance. A Wipro Infotech statement says that the company will implement the FINnet (Financial Intelligence Network) project for FIU-IND. With this project, the government intends to use technology for bringing efficiency into analysis of data. The projectb s scope of services include development of a portal, datawarehousing, deduplication, analytical application and ERP implementation at the data centre, besides a disaster recovery site.
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Mahindra Satyam, earlier known as Satyam Computer Services, has signed a new four-year contract worth about USD 48 million with Danish IT firm KMD. KMD, which specialises in the public sector, signed a renewed contract with Mahindra Satyam for the next four years ending December 2013. The new contract is an extension of a previous deal from KMD that was due to expire this year, the company said.
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Tata Consultancy Services TCS, has announced having signed a 5 year global contract with global telecommunications company Ericsson to deliver application maintenance and development services for Ericssons internal IT operations.TCS has been selected as one of the two strategic partners that will its services to Ericsson.
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The Indian video games industry is poised to grow 49 per cent to touch USD 830 million by 2012, when the countrys overall animation market will scale USD1 billion, says a report of software industry body Nasscom. According to the 2008-09 report of the IT-BPO industry body, the Indian animation industry was worth USD494 million in 2008. Globally, it will grow to a size of USD 100 billion at an annual growth rate of 10 per cent by 2012.
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Wipro Infotech, the India and Middle East IT Business of Wipro Ltd , has won a turnkey project from the Financial Intelligence Unit - India, Ministry of Finance.As part of the project, Wipro will implement FINnet (Financial Intelligence Network) for the Financial Intelligence Unit.The scope of services includes development of portal, data warehousing, de-duplication, analytical application and ERP implementation at the data centre and disaster recovery site.
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Wipro Technologies, the global IT services business of Wipro Limited has announced that it has entered into a seven year strategic agreement with The Main Street America Group, a leading provider of commercial, personal and surety insurance products exclusively, sold through independent agents to individuals, families and small businesses in 24 US states. Main Street will engage with Wipro for applications development, maintenance and quality assurance using Wipro's CMMi Level 5 quality services.
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Tata Consultancy Services TCS, has announced having signed a 5 year global contract with global telecommunications company Ericsson to deliver application maintenance and development services for Ericssons internal IT operations.TCS has been selected as one of the two strategic partners that will its services to Ericsson.
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India-based systems integrator Tata Consultancy Services has won what is likely to be a B#600m contract for the Personal Accounts Delivery Authority (Pada) National Employment Savings Trust bid (NEST).The 10-year contract, which will see TCS deliver the IT system for the UKb s national pensions scheme, will be signed later this month. NEST is the UK governmentb s low-cost pension scheme previously known as personal accounts. The scheme is due to come into effect in 2012.
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HCL Axon has won a five year global IT contract with international pharmaceuticals giant GlaxoSmithKline (GSK).The agreement, called the Global Strategic Information Technology Master Services Agreement, details that HCL AXON and HCL Technologies will provide systems integration, SAP implementation and IT consulting services to GSK globally.Under the agreement, HCL will first act as GSKs systems integration partner for a large SAP-enabled business transformation programme. The scope of the project is currently in development.
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Indian IT services vendor Wipro has won a ten-year contract from Punjab and Sind Bank (PSB) to provide IT outsourcing services. Under the deal, the company will provide system integration, provisioning and management of Finacle core banking solution and enterprise applications, including the management of the entire underlying IT infrastructure covering computing platforms and networking. It will also undertake the commissioning and management of the data center and the disaster recovery center, and service and support for the bank.
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