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Indian information technology company NIIT Tech has inked a multimillion pound outsourcing contract with British Airways.The deal spans a three year period, and will let NIIT Tech support and test critical business applications of British Airways. It comes at a time when the global aviation industry is seeking all possible ways to contain costs, since it is combating high fuel costs, declining sales and a credit crunch.
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Tata Consultancy Services TCS, a leading global IT services and business solutions firm, today announced that The Wall Street Journal, the worlds leading business publication, has selected TCSs mKrishi service as the winner of its 2008 Technology Innovation Award in the wireless technology category. The award recognizes companies, individuals and organizations world wide for technological breakthroughs in such areas as medicine, software, the Internet, wireless and consumer electronics.
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Indian firms HCL Technologies and Infosys are locked in a battle to buy British tech firm Axon Group Plc. HCL on Friday offered to buy Axon at around GBP441.1 million USD810.8 million or Rs 3,720 crore, that betters Infosysb s GBP400 million USD736 million or Rs 3,380 crore bid made in August.We see Axon as a transformational opportunity for HCL, the companys chief executive Vineet Nayar said.
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South African phone firm MTN Group Ltd has approached International Business Machines Corp., or IBM, to provide information technology support and services in a deal estimated to cost USD2 billion Rs9,200 crore and modelled on the work the US company has done for three Indian cellphone operators.A deal between the Johannesburglisted firm, which aims to be a top 10 global telecom company through tieups in countries such as India and Mexico, and IBM is likely to be signed by the end of this year, according to a person close to the development.
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IBM India has entered into USD 450million IT outsourcing contract with private insurance player Max New York Life MNYL. The technology services behemoth, which has already showcased the advantage of total IT outsourcing with the telecom major Bharti, is expecting this deal to pan out in the similar manner.
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The appetite for acquisitions by Indian IT companies remains undiminished with software services majors Tata Consultancy Services TCS and Tech Mahindra eyeing the India design services unit of the USD31 billion Flextronics, sources said. The global electronic manufacturing services EMS giant Flextronics has put the design services unit in Bangalore on the block as part of a worldwide restructuring.
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UK based Logica strengthens its foothold in India, by establishing a new facility in the country at Chennai. After rooting itself in Bangalore which houses its first facility in the country, the IT and management consultancy establishes the new facility to accelerate its global delivery model.
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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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Pharmaceutical major BristolMyers Squibb has signed another deal with outsourcing specialist Accenture, this time tapping the firm for IT and financial support services via a 10year contract worth USD 550m. The move is yet another example of the big pharmaceutical players increasingly turning to outsourcing for many primary business functions in an attempt to streamline business processes and become more lean and agile. The new agreement furthers Bristol Myers Squibbs efforts to significantly expand its R and D capabilities in India, and is an integral part of the companyb s overall global strategy of accessing top talent around the world in support of its goal of achieving sustainable, cost effective growth.
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Affiliated Computer Services, Inc is expanding and strengthening its relationship with Ingersoll Rand by committing to a 10year information technology outsourcing services contract valued at $551 million. This extended contract enables ACS to continue servicing Ingersoll Rands existing data center and network requirements as well as integrating the recently acquired Trane business into these services.
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Tech Mahindra TechM, an IT services provider for telecom, signed an agreement on Thursday to acquire 17 percent equity stake in Servista, a privately held UK based company. TechM did not disclose the size of the deal. TechM has business relations with Servista for the past three years. Since Servista was going into its second round of funding, TechM decided to pick up a stake. Servista has centres in France, Italy, Spain and Germany which gives TechM an entry to these markets.
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Saab and Tata Consultancy Services Limited TCS have signed a letter of intent regarding establishment of an Aeronautical Design and Development Centre ADDC in India. The vision for the centre is to serve the global aeronautical market. The centre will create design and development capabilities within India for both military and civil aeronautical applications. This would be a long term relationship with Saab undertaking to transfer technology and competencies in the aerospace sector. The design and development centre will address market opportunities in areas such as aero structures, aero systems, avionics and after market support. This cooperation will also allow Saab to set a footprint in India together with TCS to capture the opportunities emerging in the aerospace and defence sector.
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The Middle East is making great strides in attracting outsourcing services to the region, particularly as global companies expand their presence in the region, but the countries must differentiate their offers and their potential to succeed in the growing global outsourcing space and compete on a more equal footing with the more established markets like China and India, said Yankee Group report.
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Japan turns as right market for Indian IT services companies, who are looking for new destinations to counter the set back from the U.S. market. Considering Japan as a major automobile and consumer electronic manufacturing destination in the world and as one of the most IT spending nations, Nasscom, an IT industry body is presently undertaking a study to evaluate the out sourcing opportunities in Japan.
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Indias booming IT market has seen the domestic demand growth outstrip exports for the first time in over a decade, thanks to the maturing outsourcing market, says a new survey. The domestic IT demand grew 34 per cent in 200708, compared with 27 per cent for exports, which is the opposite of what happened the last fiscal, says the annual IT industry survey of Dataquest the flagship publication of CyberMedia Group. Finally, the day of reckoning has come, says the soon to be released survey.
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BT has extended IT service support and development contract with Steria for a value of 92 million euros over six years 75 million pounds over six years.Steria, the European IT enabled, business services company today announces the extension of its applications outsourcing contract with BT until March 2014. Steria will continue to support the key applications that underpin BTs UK operations for finance and accounting F and A transaction processing, ledger and payroll services. These activities are delivered by Steria through a BPO contract concluded in August 2007.
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Wipro Ltd., Indias thirdlargest IT services provider, has set up an embedded engineering centre for USbased Harman International Industries Inc., to jointly develop products and technologies for automotive, consumer and professional markets. As a part of the contract, Wipro will set up a dedicated engineering centre which will work on existing and future projects of Harman in the infotainment space.
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A recent CRISIL Research study on the Outsourcing industry has concluded that Engineering Services Outsourcing ESO, an area that encompasses outsourcing of engineering services largely involved with operations linked to the pre manufacturing stage designing, prototyping etc. and analysing data points for process improvement, is poised to be the next big opportunity in the Indian outsourcing services industry.
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Yash Technologies, a global leader in enterprise business and technology solutions, announced today the expansion of three new offshore development centers in Mumbai, Bangalore, and Pune, India. Yash is positioning for rapid growth in these strategic locations, along with two other existing offshore development centers in Hyderabad and Indore, India.
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