Wipro wins 5-year cloud infrastructure deal from Sweden’s ASSA ABLOY

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 […]

HCL Tech appointed strategic IT partner to SAI Global in multi-million deal

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 acquires US-based mobile sepcialist Halosys

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 […]

Acquisition to boost Cyient’s MRO, aftermarket capabilities

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 revenue beats estimates, now better than TCS?

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 […]

NIIT Technologies Q1 revenue up 11%, operating profit up 35%

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 […]

TCS becomes ‘Premium Partner’ to Adobe in quest for digital 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 buys assets of US-based Trygstad Technical Services

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 […]

Mphasis to transfer another 2,000 employees to Karvy Data Management

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 to offer Finacle in the SaaS mode with Verizon

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. […]

Wipro acquires Denmark-based design firm Designit

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 […]

Infosys wins multi-year contract from Deutsche Bank

Infosys said it has signed a multi-year agreement with Deutsche Bank, without disclosing the deal size. Under the terms of the agreement, Infosys will provide services like be-spoke development, application maintenance services, digital and mobility, package implementation, and testing services, to the bank. It “will also be a strategic partner under Deutsche Bank’s Supplier Partnership […]

Rolta India expands distribution network globally

Rolta India, which has found itself in the midst of allegations of financial impropriety recently, said it has appointed Distributors in China, Russia and Germany to extend its reach in these markets. “These partners will promote Rolta solutions including BI and Big Data Analytics with a special focus on the flagship Rolta OneView™ Enterprise Suite,” it said. […]

Amazon starts selling packaged software in India

Amazon.in has started selling packaged software in India. The company’s software store has over 1500 products across security software, office tools and educational software. “The store offers products from all leading international brands such as Microsoft, Kaspersky, Norton and McAfee as well as domestic players such as Quick Heal, Tally, S.Chand, iDaa and Practice Guru,” […]

FITE says TCS Chennai termination case only partly resolved

FITE, which was formed by disgruntled IT workers to prevent large-scale layoffs in the sector, hailed the withdrawal of the termination letter to a female employee that has been challenged in a labor court in Chennai. The ‘Forum for IT Employees’, a semi-formal organisation that uses social media extensively for propagating its stands and attracting […]