IDG News Service - Infosys said Monday it has signed a definitive agreement to acquire Lodestone Holding, a management consultancy firm in Zurich with skills in the area of SAP software, as the Indian company attempts to move into ...
Tags: Infosys, Lodestone Holding, acquisition, management consultancy
Capita Unite union members are to strike following proposals to offshore work to India. The dispute centres around four sites employing 220 staff in Reading, Craigforth, Birmingham and Bournemouth. The affected sites serve Prudential ...
Tags: Capita Unite, India, IT staff, IT industry
Somerset County Council's troubled outsourcing contract with Southwest One has stalled the authority's programme of cost cuts, according to a Conservative member of its cabinet. Southwest One, a shared services venture with IBM in which ...
Tags: Southwest One, IBM, Somerset council, SAP system
CSC has stemmed losses in its 10-year outsourcing deal with Royal Mail through a combination of job cuts, tax breaks and relief payments, according to an analysis of eight years of published accounts for the venture. The supplier signed ...
Tags: CSC, job cuts, tax breaks, relief payments
Atos has a two-week window to switch its technology over for the Paralympics, with the outsourcer saying the tight timescale is the biggest challenge. The Paralympics has 21 sporting disciplines compared to 36 for the Olympics. For each ...
Tags: Atos, outsource, company news, accreditation system
Indian outsourcer Satyam Computer Services said Friday that about 8.22 billion Indian rupees (US$155 million) in its fixed deposit accounts will be frozen for 150 days by India’s Directorate of Enforcement in connection with charges ...
Tags: liquidity, outsourcing, satyam, satyam computer devices
Hardly a day goes by without a story about the UK banking community messing up in some way or other. Some of the highest profile stories of the year have been around banks side-stepping regulation and fixing the markets for their own ...
Tags: UK banking community, profile stories, banks, benefit
Infosys said it has signed a definitive agreement to acquire Lodestone Holding, a management consultancy firm in Zurich with skills in the area of SAP software, as the Indian company attempts to move into higher-value services. The ...
Tata Consultancy Services on Friday reported strong revenue and profit growth in the third quarter, citing a pick-up in discretionary spending by customers. Revenue in the quarter for India’s largest outsourcer was US$2.85 billion, ...
Tags: Tata Consultancy Service, revenue, profit growth, company news
Hotels.com has brought its offshore development team in-house to cut software product cycles from 26 weeks to a fortnight. The hotel booking site receives millions of visitors every day, and has 85 localised sites supporting 34 languages. ...
Tags: Hotels.com, software product cycles, offshore development team
French outsourcer Steria has posted steady growth in the UK for its second quarter, driven by an improvement in public sector sales. For the three months to June the company saw sales in the UK increase by 3.4% to euro 190m (pound 148m). ...
Tags: UK, Public Sector, Steria, Growth
Barnet Council will cut 70%of staff from the back-office functions it is outsourcing to Capita in a controversial deal to automate council services. The London borough's Cabinet is expected to approve the deal in a vote this evening,that ...
Tags: Capita, Cut Staff, Barnet Council, Outsourcing Deal
A number of large public sector contracts buoyed IT services company Atos Origin in the third quarter, with the outsourcer reporting double-digit growth. Atos Origin grew its UK market 10% to €426m, compared with the same quarter the ...
Tags: public sector, IT services, Atos Origin, revenues increased
Indian outsourcer Infosys blamed continuing global economic uncertainties for a slide in year-on-year revenue growth in U.S.dollar terms,which declined to 2.9%for the third quarter,from 16.7%a year earlier. "It's still very choppy out ...
Tags: Indian outsourcer, Infosys, global economic uncertainties, net profit
The Department of Health's (DoH) financial exposure to its toxic contracts with troubled NHS supplier CSC has decreased by £100m in just three months. In CSC's latest quarterly results, the outsourcer estimated that if the NHS were ...
Tags: DoH, CSC, CSC Contracts, the NHS contract