Technology provider Infosys said it made investment in TidalScale, a provider of software-defined server. No details about the financial aspects of the investment were made public. TidalScale’s offering, in many ways, is the opposite of virtualization. While virtualization allows you to split a single hardware-based server into several virtual servers, the software-defined server helps combined […]
Wipro Limited launched its offerings that use Open Banking API technological platform. Open Banking platform is a Europe-based standard that lets third party developers build applications and services that tap into a bank’s core services and infrastructure. For example, one can build a billing or ticket booking or payment service that can then ‘talk’ to […]
Tata Consultancy Services said it will expand its three-year engagement with US Airline JetBlue to include several new projects. The initial contract covered areas such developing new platforms, quality assurance and infrastructure services. Under a new deal, TCS will now provide new services to improve data analytics and operational agility, and to develop innovative tools […]
Larsen & Toubro Infotech said it will establish a Center of Excellence in partnership with Coupa, a cloud-based spend management and procurement software platform. The center will develop spend management solutions to help companies control and regulate all forms of expenditure and streamline the procurement process, the company said. “This partnership will add to the […]
Rolta India Ltd said it was unable to pay bank dues and interest on some of its bonds due to a liquidity constaint caused by delays in collecting dues as well as large investment into a “prestigious project”. Replying to a query from the BSE, the company said it has already put out an update […]
Persistent Systems, a product and outsourcing company, said it is reorganizing its business structure in four divisions. These divisions are ‘digital’, IBM, Services and Accelerite. It will also set up a new Corporate Operations office whose job will be to accelerate the four growth units. It will be headed by Atul Khadilkar. “Unique to Persistent, the […]
The majority of Indian IT and financial sector workers are unhappy with their salary, a new survey by Monster.com said. It also found that Indian-owned companies typically pay much lower salaries than MNCs. The IT sector turned out to be the highest paying industry in India, even ahead of the financial services industry, which is […]
Wipro, one of India’s top IT outsourcing companies, said it has won an IT infrastructure “transformation contract” from the ASSA ABLOY Group, one of the world’s biggest door-opening solutions provider. As part of the five-year agreement, Wipro will consolidate ASSA ABLOY’s existing data centers in the EMEA region and implement a cloud-based service model, which […]
Wipro Ltd said the number of employees leaving the company of their own accord fell to 16.3% in the year 2015 from 16.5% in 2014. Much of the improvement came from the BPO unit, where attrition fell below 10% for the first time in many quarters. For the calendar year 2015, Wipro’s BPO division saw […]
HCL Technologies, a leading global IT services provider, today announced that it has been appointed as the strategic IT partner to SAI Global. The contract is expected to save SAI Global around $27 million, HCL said. It would imply that the contract is worth a few million dollars, though HCL did not reveal the financial […]
Sonata Software said that it has agreed to acquire US-based enterprise mobile specialist Halosys. Based in Santa Clara, California, Halosys is an innovator in providing technology platform and solutions that help enterprises implement mobile solutions for their business. “Halosys provides a single Unified Enterprise Mobile Enablement platform that enables businesses build, secure, manage and deploy […]
The acquisition of Singapore-based Global Services Engineering Asia from Pratt & Whitney (P&W) will strengthens the Indian IT provider’s aftermarket capabilities in the aerospace segment, analysts said. Global Services has been catering to P&W’s MRO (maintenance, repair and overhaul) requirements in the region. Global Services currently has a revenue base of USD10-12mn with EBITDA margin […]
Infosys, the country’s third largest IT services exporter, announced that its first-quarter revenue has risen 4.5% to $2.26 bln vs expectations of $2.22 bln, beating the expected revenue. Against an expected sequential growth of 2.9% in constant currency, Infosys reported an actual growth of 4.4% in constant currency. Analysts expectations were for a 2.9 per […]
Zensar Technologies announced its first quarter results of FY16 today, reporting year on year revenue growth of 16.5% from INR 604.78 crore to INR 704.64 crore in quarter ended June 30, 2015. The company did not disclose the growth when calculated in dollar terms. The rupee has depreciated against the dollar significantly over the past […]
NIIT Technologies, an IT solutions organization, reported a revenue increase of 11% for the first quarter over the same period last year, at Rs 641.1 Crores. Operating Profits grew 34.5% over same period last year to rupee104.2 Crores and Profit after Tax expanded 35.5% to Rs 58.5 Crores. “The quarter witnessed robust 8.9% sequential growth […]
Tata Consultancy Services said it has has been selected by digital media company Adobe as a Premier Partner, the highest level of partnership among Adobe’s global ecosystem. “This new partnership enables TCS clients to fully leverage Adobe’s Marketing Platform and its core solutions, allowing them to design and execute customized strategies and integrated marketing campaigns […]
HCL Technologies Limited (HCL) said it has entered into a definitive agreement to acquire certain assets of privately held Trygstad Technical Services Inc. (“Trygstad”), a US based provider of IT consulting services & solutions in an all cash deal. The size of the deal was not revealed. Trygstad Technical Services Inc. is a niche company […]
Two weeks after announcing that it would sell much of its India business to Hinduja Global Solutions, India-based outsourcing company Mphasis said it is transferring part of the remaining India business to Karvy Data Management Services Limited. Karvy Data is a provider of business and knowledge process services in India. “This is Mphasis’ second definitive agreement further […]
Infosys said it will now offer the Finacle suite of software solutions on Verizon Cloud. Finacle is a software suite designed to run banks on, while Verizon cloud refers to an Internet-based platform offered by Verizon. Core bank software is usually not run on cloud computing infrastructure, particularly over public cloud platforms, due to security-related concerns. […]
In an announcement that coincided with the release of Tata Consultancy Services’ quarterly results, Wipro Ltd said it has agreed to acquire Designit, a global design firm based in Denmark. The Denmark-based firm specializes in designing user experience, interaction design and product innovation. The value of the transaction was not revealed. “This investment marks a […]
