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Tata Consultancy Services has been selected as an IT vendor by BP for the oil and gas major's refining, manufacturing and corporate maintenance works. "Our selection as a strategic IT vendor for BP demonstrates our strong domain expertise and highlights the investments we have been making in the technology-led energy sector," TCS Chief Operating Officer and Executive Director N Chandrasekaran said in a release.
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Netherlands based KPN has signed a multi year USD 28 million outsourcing deal with Logica for its business applications IT service desk support. Through this service, Logica will manage questions and issues KPN may face with their IT systems on a daily basis. A total of 40 jobs will be outsourced to Logica.
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IT solutions provider Tech Mahindra is understood to have bagged a majority portion of the Rs.1,500 crore telecom IT outsourcing deal from new operator Etisalat DB Telecom India, pipping seven other IT vendors, including Wipro Technologies and IBM. The deal is expected to be announced soon.
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Indias revenue from outsourcing services to clients abroad will grow by about 4 to 7 percent in the Indian fiscal year to March 31, 2010, says the National Association of Software and Service Companies Nasscom.The countrys outsourcing revenue from abroad is expected to be between US USD48 billion and USD50 billion. The exports figure includes Indian outsourcers revenue and that of local subsidiaries of multinational companies that outsource software development and business process outsourcing work to India.
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MphasiS, the Indian services subsidiary of Hewlett-Packard HP, said that it reached a definitive agreement to acquire AIG Systems Solutions Pvt. Ltd. AIGSS, the IT services arm in India of insurer American International Group AIG.The move by MphasiS will strengthen its presence and expertise in the insurance and financial services markets, said Ganesh Ayyar, CEO of MphasiS.With operations in Chennai and Kolkata in India, AIGSS has more than 800 employees, and offers services to AIG companies worldwide.
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Infosys Technologies, the second biggest software exporter of the country, is looking for acquisitions in Japan, Australia, Latin America and Europe.b We are looking at companies which earn around 10 per cent of our revenues. We will prefer companies serving the energy and healthcare sector with revenues of $450-$500 million,b S. Gopalakrishnan, chief executive officer and managing director of Infosys, said on the sidelines of a programme organised by the CII
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The countrys second largest information technology IT services exporter Infosys Technologies Ltd has bid for at least 10 large government projects as part of a drive to lower its dependence on the US market, an official said. Infosys, which gets at least half its business from the US, plans to generate USD1 billion Rs4,870 crore now in revenue from the Indian market in two-three years versus an insignificant level now, the head of its India business unit said.
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Indiab s offshore outsourcing firms, including TCS, Infosys, Wipro and Mahindra Satyam, have locked horns with MNC rivals IBM and Top Indian outsourcing cosAccenture for up to $1 billion worth of outsourcing contracts to be awarded in August by British Petroleum (BP). BP, which currently outsources a majority of its application development, system integration and infrastructure management projects to almost 30 suppliers including IBM, Accenture, Mahindra Satyam and Infosys, wants to bring down its IT costs by up to 30% by working with fewer vendors handling more work, at lower rates.
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Indias Infosys Technologies Ltd said it has got a multiyear, multimillion dollar global services deal from AstraZeneca Plc. Under the deal agreement, Infosys will deliver complete application maintenance services to the drug firms global operations in areas such as manufacturing, supply chain, finance, human resources and other corporate functions, it said in a statement.
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Software major Tata Consultancy Services (TCS) is eyeing a Rs.2,500-crore Indian Railways outsourcing contract, a top company official said. b CMC and we will certainly look at it very seriously, it needs lot of experience. We have done projects for the British and US railways,b TCS chief executive and managing director S. Ramadorai told reporters on the sidelines of a seminar organised by Calcutta Management Association.
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Nokia has outsourced desktop management and help desk functions in 76 countries to Indian outsourcer HCL Technologies. HCL announced that the handset maker has signed a five year contract.The outsourcer has set up a new office in Helsinki, Finland, to deliver nearshore services to Nokia, in addition to delivering services from centers in Poland, China, the U.S. and India.
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BASF AG, the worldb s biggest chemical company, along with Euroclear, Europeb s largest settlement firm, and Anheuser-Busch InBev, the worldb s biggest brewer, are among companies looking at offshore outsourcing for the first time, as they seek to lower their operational costs and cope more effectively with an unprecedented slump in demand for their products and services.
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Lootah IT Solutions LITS, the information and communication technology ICT division of S.S. Lootah Group of Companies, signed a cooperation deal with Technopark Trivandrum, a technology park based in Kerala, South India, an announcement from the company said.As part of the agreement, Lootah IT Solutions plans to set up a full fledged development and operations center at the Technopark campus to provide a modern information infrastructure for service industries, the company said.
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Indian outsourcer HCL Technologies has acquired its first data center in the U.S. from one of its customers, the company said.HCL also took over the data center's staff and other operations, said R. Srikrishna, senior vice president for sales for the North America business of HCL's Infrastructure Services Division. HCL actually acquired the data center in October but delayed announcing it until this month, pending the upgrade of the facility.
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World's largest maker of fixed-line networks Alcatel-Lucent is planning to hive off one of its R&D units to Indian IT major Infosys by the end of August this year, according to a report published. According to the news report, earlier this month, employees working with Alcatel-Lucent's `Mature R&Db division in Chennai were informed of the divestment.
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