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Shell is to transfer almost 3,000 IT staff as part of a USD4bn deal to outsource the bulk of its technology infrastructure.About 2,960 Shell IT staff and contractors are expected to be transferred under the deal with AT&T, EDS and TSystems, with Shell saying there will be 2030 redundancies at worst.But transferred staff will not retain their existing rights and redundancy packages under their new employers, with Shell estimating these will expire after about two years.
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Nuance Communications, Inc, today announced that OnMobile, a leading Indian telecom technology, applications, content and commerce services provider, has completed the largest global deployment of Nuance speech solutions for telecom valueadded services VAS. OnMobile, the highest valueadded services revenue generator for operators in India, provides services to leading Indian telecom operators, including Airtel, Reliance Communications, Vodafone, Idea, BSNL and Tata Indicom.
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Its pleasing news for Indian Information Technology sector that despite of heavy recession in United States of America and its negative impact on Asian market, India would continue the highest growth rate among the AsiaPacific region till 2011 and would touch the USD 8.1billion mark till then, a recent study has revealed this fact. In the last fiscal, India has suffered the heavy recession in the ITsector and most of the IT firms include major Indian giants Infosys, Satyam, TCS and Wipro have to struggle for the profit and growth due to recession in the Indian and global market. Now, this survey could prove as a feel good factor for the Indian IT firms as it stated that despite of Chinab s lead over India, it would not be a major competitor for offshore service delivery.
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The outsourcing landscape has changed in recent months, and, some people say Indiab s highly effecient outsourcing industry is heading for challenges. Itb s as if the rising rupee, competitive pressure, the emergence of other lowcost locations and the threat of a recession in the US are the main contributors.
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Virtualisation specialist, VMware says it will invest $US100 million by 2010 to expand its R&D operations in India.VMware already has a strong presence across India with offices in Bangalore, Pune, Chennai (Madras), Delhi, and Mumbai (Bombay). The additional investment will go to create a new 8000 square foot development centre in Bangalore and to double the company's Indian engineering organisation to more than 1,000 people in the next two years. It will expand on existing facilities in Bangalore and Pune.
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Indian IT giant Wipro is set to create hundreds of new jobs in the UK by taking advantage of government tax breaks and opening a lowcost regional software development facility outside of London and the South East. Bangalore based Wipro is evaluating several regions for its next delivery centre including Birmingham, Cranfield, Edinburgh, Manchester and Warwick. Its existing UK headquarters in Reading currently employs 300 people with room for 500. When this is filled the plan is to open a new office probably in the next one to two years which will also have room for 500 staff.
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According to a regulaory filing, TCS has opened its largest centre in North America in the state of Ohio in the US. This facility, spread over a huge 220 acres, has been developed at a cost of $20 million and is expected to accommodate 1,000 employees, most of whom most of whom will be locally hired from the region and its universities'. This facility has been christened TCS Seven Hills Park and is located in Milford, a suburb of Cincinnati. Ohio Governor Ted Strickland was among those who attended the inauguration.
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Wipro Ltd., one of Indias largest outsourcing companies, is eyeing expansion in Europe and the U.S. as part of the next phase of globalization. The USD5 billion IT services firm plans to open two new software development centers in the U.S. and is studying a sizable acquisition in technology R and D in Germany. We want to give our customers a choice of geography with a distributed network of low cost development centers close to their centers of operation, said Azim Premji, chairman of Wipro Ltd.
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Global technology research and advisory firms such as Gartner Inc., Technology Partners International Inc. TPI and Everest Group say companies in the US will farm out more software contracts offshore in the year ahead to Indian vendors as pressure builds on them to cut costs, but local information technology, or IT,service firms continue to be cautious on their outlook as the US economy continues on a path of slow growth.
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The wait and watch bearing of the IT industry over the past several quarters is fast giving way to frowns with companies acknowledging the party may be over, at least for now. For the first time the industry has begun accepting a slowdown in the US economy, said Satyam Computer CFO Srinivas Vadlamani. If the economy softlands the Indian outsourcing industry will sail through. However, if there is a crashlanding then it is curtains for everyone, added the senior executive of Indias fourth largest IT services company said.
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In offshore software product development, India has been on the radar of tech firms aiming to trim costs and gain efficiency of operations for nearly a decade. But, that interest seems to be waning in the last two years among what are called captive centres or fully owned units of foreign organizations even as demand for services by independent, thirdparty service providers expands at a rapid pace, latest research suggests.In a first of its kind study focused on such captive centres, consulting firm Zinnov Management Consulting Pvt. Ltd has found that just 15 overseas tech firms opened India development units in 2007 compared with 76, 70 and 48 in each of the years from 2004 to 2006. The research covered 594 foreign firms that have set up captive or offshore development centres or ODCs in India. These include 390 software product development firms, 120 engaged in engineering services and 84 embedded service companies.
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Even as the uncertainty over the US economic situation continues, a recent survey has forecast that spending on information technology or IT by the worlds biggest economy will shrink in the April June quarter for the first time in nearly seven years.Although worries have been aired about a possible slowdown in demand for tech services and products in a slowing US economy, this is the first time a survey has flagged a contraction in tech budgets this year. Surveys by International Data Corp. until now have predicted a slower expansion of 5 percent in IT spending worldwide this year, down from 2007s 6.9percent, while Forrester Research Inc. had forecast a growth of 2.8percent in 2008, down from the earlier 4.6percent growth projected in December.
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Sonata Software, Bangalorebased, midtier IT services firm, is actively looking at acquisitions overseas to accelerate its growth trajectory. Sonata would be looking at companies across Europe and the US for domain expertise as well as market reach. Sonata managing director B Ramaswamy said, it would be looking at acquiring companies in the range of USD30 to 50 million and these would be funded through a combination of debt and internal accruals. He added that it would be looking very strongly at Sweden, where, it feels, there is a strong opportunity of offshoring and outsourcing of IT services.
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One of Indias leading software companies, Tata Consultancy Services TCS, has joined the fray in Thailands software industry with the aim of becoming a leading player and catering to other parts of the region from the Bangkokbased office. This is a market that we have been looking at for a very long time and have finally got the approval from the Board of Investment BoI, Grija Pande, the chief executive for Asia Pacific said. The aim is to be able to add value to the various industries that we have our strengths in, be it financial services, telecommunications services or the government.
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Tata Consultancy Services TCS, a leading Indian IT services firm has signed a multimillion Euro agreement with Nokia Siemens Networks, one of the worlds foremost enablers of communications services.
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Cognizant Technology Solutions Corp. said on Wednesday that it has entered into a partnership with Deutsche Telekoms enterprise customer division TSystems mainly for systems integration services. As part of the new cooperation, TSystems India will transfer about 1,150 employees Cognizant, subject to regulatory clearance, TSystems said at the CeBIT technology trade fair at Hanover, Germany.
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The regions increasing appetite for information technology to diversify resources away from hydrocarbons has largely benefited the outsourcing industry. Although the Middle East and North Africa region has only become familiar with the word outsourcing, a process where a product design or customer service is sub contracted to a third party company , in the early 2000s, it has gained immense popularity, so much so that new concepts such as the Dubai Outsource Zone are selling like hot cakes.
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Satyam Computer Services Ltd., a leading global consulting and informationtechnology services company, has announced the launch of its Global DevelopmentCentre GDC in Smart Village in Giza, following a visit to the companys Hyderabadheadquarters by officials from the Government of Egypt to strengthen the agreementbetween the two parties. As the first Indian company to establish its presence inEgypt, Satyam has achieved another important step towards its globalisation plansand its aim to leverage the current boom in the region, which saw the total IT spendfor the MEA region touch USD 35 billion in 2007. The move is also a testament to theemergence of Egypt as an IT hub with the IT Services market in the country projectedto reach USD 163 million in 2007.
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Networking major Nokia Siemens Networks NSN has signed a multimillion euro agreement with Tata Consultancy Services TCS to transfer its product engineering and R and D services as well as parts of the Operations and Business Software OBS business unit activities to Indias largest software exporter. The reassigned parts belong to the NSN development centre in DC
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