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Indian IT service providers are poised to eke out a larger share of the global USD 28 billion addressable remote infrastructure management RIM services in the next five years, on account of cheaper labour and deeper skillsets, according to a recent report jointly prepared by Nasscom and advisory firm Mckinsey.Indian IT service providers already account for about 60 percent of the global RIM services. RIM, a general term used for the management of various IT services such as applications, network, IT helpdesk, software deployment and support, forms a part of the broader IT BPO outsourcing industry. And industry watchers believe its growing.
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Mahindra Satyam is understood to have won a USD 40 million contract from Japanese automobile major Nissan Motor Co Ltd.According to sources, the deal valued at USD 40 million involves outsourcing new technology for application maintenance and operation services of Nissan. The contract is for three years till 2013. There is also an additional extension period of two years. The latest contract with the Japanese automaker is in addition to an existing one with Nissan America.Sources said the deal will be for three year from now and can be extended further two years.
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L&T Infotech, which competes with larger rivals Tata Consultancy Services TCS and Infosys, has won new outsourcing contracts from Indian Railways for building and deploying enterprise resource planning ERP solutions. These contracts, the first among a series of over Rs 100 crore projects being planned by the Indian Railways, will help one of the most complex and largest railway systems in the world automate its freight and locomotive management systems.
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Indias 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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Mahindra Satyam, an Indian IT services provider has won a four-year outsourcing contract worth USD 48 million from Denmark-based technology firm KMD.The new contract is an extension of a previous deal from KMD that was due to expire this year, the company said.The deal will continue the outsourced development of IT applications, in particular SAP (System Applications and Products). SAP applications lead the global market in providing collaborative, inter-enterprise software solutions to a wide range of businesses.
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Satyam Computer Services Ltd, or Mahindra Satyam, on Tuesday said it has won a three-year outsourcing contract from BASF IT Services, a subsidiary of German chemicals company BASF SE. BASF IT Services, a BASF Group company and subsidiary of leading chemical company BASF, is among the leading IT service providers for the process industry in Europe.
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Indias Engineering and R & D (ER&D) services market is projected to reach USD40 to 45 billion by 2020, with export revenues of USD 35 to 40 billion and domestic revenues at USD 4-6 billion, and to be the next growth engine for desi' IT-BPO industry, according to a study. Infrastructure, aerospace and energy are expected to contribute more than 80 per cent of the domestic revenue, said the study Global ER&D: Accelerating Innovation with Indian Engineering, released by National Association of Software and Services Companies (NASSCOM) in association with management consulting firm Booz & Company.
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Indias fifth largest IT services company HCL Technologies has bagged a USD 500 million strategic IT outsourcing contract from the US based Merck Sharp and Dohme ,MSD,. The pact with one of the largest drug makers in the world may indicate the return of the large ticket deals in the Indian IT sector. Merck has been an HCL client for six years but the deal marks a substantial enhancement of the relationship.
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IT industry body Nasscom has said that the European bloc will continue to be one of the largest markets for the Indian IT-BPO industry.Indian information technology (IT) and business process outsourcing (BPO) sectors may get almost USD10 billion from Germany, Switzerland and Austria by 2020, up from the USD2.6 billion they earn from this region across the IT, BPO and engineering services space, against the addressable market size of more than USD 53 billion.Amid concerns that the crisis in Europe may force companies to cut their spending on IT, Nasscom said that the current European uncertainties are short-term in nature.
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UK's National Grid, an electric power transmission network, has shortlisted Infosys, Mahindra Satyam and Cognizant for a USD250 million outsourcing deal.According to the contract, the three IT firms will be responsible for maintaining the software applications and IT infrastructure of National Grid. After the recession, the top utility firms in UK like National Grid and British Petroleum (BP) want to reduce their operational costs by outsourcing non-core activities. In 2009, BP signed an outsourcing deal for more than USD1 billion with Tata Consultancy Services (TCS), Infosys, Wipro and IBM.
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HCL Technologies has signed a global outsourcing deal with MTV Networks (MTVN) to develop and support its online media platforms. MTV Networks is part of media conglomerate Viacom and owns brands such as MTV, VH1, Nickelodeon and Comedy Central. The outsourcing engagement with HCL is aimed at supporting content delivery on the Internet. The Indian IT firm will provide application development and maintenance services to the media firm. We will also work on future technologies such as media players, search technologies and product engineering for MTVN, said HCL Technologies senior director Srirama Srinivasan.
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Mahindra Satyam is understood to have won a USD 40 million contract from Japanese automobile major Nissan Motor Co Ltd.According to sources, the deal valued at USD 40 million involves outsourcing new technology for application maintenance and operation services of Nissan. The contract is for three years till 2013. There is also an additional extension period of two years. The latest contract with the Japanese automaker is in addition to an existing one with Nissan America.Sources said the deal will be for three year from now and can be extended further two years.
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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 Governments 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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Nasdaq-listed India's leading IT firm Cognizant has declared that it is going to acquire PIPC Group. The deal has been finalized and it is in its final step. PIPC Group is the leading management consulting firm of UK. The acquisition of this London based firm will make Cognizant more expert in the program management. Program management has become a vital part of operations for the IT companies. They do need this for signing up complex, multi-million dollar contracts. This deal is undoubtedly come up as a positive move for the Indian IT firm.
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India's leading IT firms Infosys, Wipro and Tata Consultancy Services has been listed among the world's top 10 best outsourcing providers. The list released by International Association of Outsourcing Professionals (IAOP).The ranking of the top ten firms which made to the list is as follows: Accenture bagged the top position followed by Infosys and Sodexo.
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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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Capgemini, a provider of consulting, technology and outsourcing services, said that one of its Dutch subsidiaries Capgemini Outsourcing, has signed a two-year contract extension worth b,44m with non-food retailer Maxeda to run until 2015. The company said that the original deal was a five-year contract between Capgemini and Maxeda signed on December 14, 2007.
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According to a market research firm, Indiab s top IT firms such as Tata Consultancy Services (TCS), Infosys and Wipro are trying at their best to garner multi-billion dollar deals worth USD38-bn. And the potential customers include China Mobile, Verizon US and Bharti Airtel.The whole deals amount between USD 1 million and USD 1 billion each and are set to expire by September this year.
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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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Indiab s fifth largest IT services company HCL Technologies has bagged a USD 500 million strategic IT outsourcing contract from the US-based Merck Sharp and Dohme ,MSD,. The pact with one of the largest drug makers in the world may indicate the return of the large ticket deals in the Indian IT sector. Merck has been an HCL client for six years but the deal marks a substantial enhancement of the relationship.
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Mid-sized software service provider MindTree outbid larger rivals Tata Consultancy Services (TCS), Infosys, Wipro, apart from top multinational firms, to win Rs 30-crore contract from Indiab s Unique Identification Authority (UIDAI), according to senior government officials and persons familiar with the project. While the contract is small when compared with several multi-million dollar deals announced by various government departments over the past few years, itb s the first in a series of projects, worth up to USD1 billion, to be outsourced by the UIDAI.
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Accenture plc has signed a 5-year application outsourcing contract with Nordea to develop and maintain applications that would support the bank's customer websites. The company said the deal is designed to help Nordea improve customer service and increase cost efficiencies. As per the deal terms, Accenture would assume responsibility for maintaining and developing Nordea's Web content management platform for its customer websites and would also provide the services through local facilities in Denmark and through its Global Delivery Network using centers in Bangalore, India.
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