30 May 2011: Hexaware Technologies bags Infrastructure Management contract of over $25 million
Mid sized IT firm Hexaware Technologies Limited has bagged a 3-year Remote Infrastructure Management (IMS) contract worth more than $ 25 million from an existing client. The annuity deal, will increase its share revenues from this existing client.
Hexaware will manage all aspects of infrastructure support for this client whose footprint covers the America, Europe and Asia Pacific regions. The company expects to deploy 150+ employees on this engagement globally.
27 May 2011: Polaris Software gets $55 mn deal from RBI
Banking and insurance software provider Polaris Software Lab Ltd said it has received a $55 million contract to implement its banking product across India's central bank, sending the company's shares over 3 per cent up.
Polaris will implement its product, Intellect Core Banking System, to help integrate and automate banking operations in all the regional offices of the central bank.
26 May 2011: iGATE Patni secures 5-year contract from Serco
iGATE Patni, an integrated technology and operations brand providing business outcome based solutions, has secured a five-year contract for delivery of SAP-based operational, maintenance and support services to Serco's existing and prospective customers. The partnership will include services such as support desk operations, ticket handling and user profile management.
25 May 2011: Imec signs R&D partnership with Wipro Technologies
Belgium-based Imec made an entry into the Indian market with the establishment of Imec India here after signing an R&D partnership agreement with Wipro Technologies, the consulting and outsourcing business of Wipro Ltd.
Imec is an independent applied research organisation that carries out research activities in semiconductors, nanotechnology and nanoelectronics, delivering industry relevant technology solutions, a company statement said.
Imec and Wipro have created a joint initiative to co-innovate and build next generation intelligent systems, called Applied Research in Intelligent Systems Engineering.
24 May 2011: ITC Infotech announces strategic partnership with SAP
ITC Infotech, a global IT services and solutions company and a fully owned subsidiary of ITC Ltd. announced a strategic partnership with SAP India Pvt. Ltd to become a solution reseller for SAP Business ByDesign.
With this partnership, ITC Infotech is now entitled to market, sell and deploy SAP Business ByDesign as well as offer additional services.
24 May 2011: Nucleus Software ties up with Wipro Technologies
Nucleus Software Exports Ltd said it has partnered Wipro Technologies to jointly provide product-led customised solutions to banking clients.
Nucleus' lending and cash management product portfolio, in conjunction with Wipro's system integration, programme management and peripheral service offerings, will result in a robust proposition for the end-customer.
24 May 2011: Clarity on new IT rules soon, says Som Mittal
Som Mittal, president of Nasscom, India's industry lobby representing the $76 billion outsourcing sector, says the government is expected to clarify on new rules in the IT Act within few weeks.
"The intent of government is to protect privacy and this is an interpretation issue, nothing else," he said. The new section 43A of the Indian IT Act, notified last month, states that a corporate shall have to obtain permission through letter or fax or email from each client before collection of sensitive information.
Thus, BPOs will have to inform the client regarding purpose of usage before collection of such information, if they go by the new IT rules 2011.
Sensitive personal information here refers to financial details related to bank account, credit card or other payment instruments. A large number of BPO firms in India have clients such as American Express, Citibank, HSBC and Bank of America and collect financial information before carrying out any transactions.
23 May 2011: Mahindra Satyam merger with Tech Mahindra may take place in April-May next year
Mahindra Satyam's merger with parent firm Tech Mahindra may take place in April-May next year, its chairman Vineet Nayyar said. However, this may be delayed as it is a legal process which has to go to two high courts, he hinted.
21 May 2011: Infosys to start new campus in Shanghai; to invest $125-150 million
Infosys Technologies said it plans to invest between USD 125-150 million in its new campus in Shanghai, China with an overall seating capacity for 8,000 employees.
20 May 2011: Symantec to acquire Clearwell Systems for $390 million
IT security company Symantec Corporation announced it has signed a definitive agreement to acquire privately-held Clearwell Systems, an eDiscovery company.
Under the terms of the agreement, Symantec will acquire Clearwell for a purchase price of approximately USD 390 million, net of Clearwell's existing cash balance of approximately USD 20 million.
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