Diligenta, the UK subsidiary of India’s largest tech firm Tata Consultancy Service (TCS) has recently acquired Unisys Insurance Services Ltd. (UISL), the insurance business of Unisys Corporation. It is expected that the latest acquisition by TCS will enable the Indian tech firm to enhance its revenue from the insurance sector.
According to an online report, TCS [...]
Diversifying from its core business, leading Chinese computer manufacturer Lenovo Group Limited is endeavoring to prepare itself to enter the information technology (IT) services outsourcing market.
According to an online report, the PC maker entered into an agreement with the top global designer and solar product manufacturer Suntech Power Holdings Co. Ltd., having it headquarters in [...]
In sharp contrast to global success of Indian IT and ITeS firms, the Chinese market continues to remain elusive for them. In fact, they are finding it extremely difficult to establish their footprint in China – one of the most promising and fastest growing markets globally despite the willingness by several Chinese businesses to outsource [...]
Leading global communications services firm BT Group plc is likely to cut back outsourcing technology related jobs to Indian companies by approximately 15 per cent during the current year. Quoting sources, a business website reports that the London-based telecom multinational is among the largest outsourcers to India. In fact, it has been learnt that as [...]
Three major Indian business process outsourcing companies, including IBM Daksh, the BPO arm of Essar Group, Aegis and 24/7 Customer are contending for an outsourcing contract said to be to the tune of $500 million in Africa and West Asia.
According to a report in a financial website, the contract offered by a leading telecom firm [...]
Leading business process outsourcing (BPO) firm offering customer life cycle solutions to companies worldwide, Firstsource has announced its plans to build domain competencies in the company to leverage its position in its status in India, the United States and the UK as well as other new areas, such as Australia. The move comes in the [...]
Atos Origin, a Paris-based global IT services and solutions firm having a turnover worth €5 billion, has announced that it has ventured into the Indian payments market following the acquisition of Venture Infotek, a Mumbai-based firm specializing in payment processing. Quoting sources, a report in a financial news website said that the acquisition was finalized [...]
Leading Indian tech firm and a segment of HP Enterprise Services, MphasiS intends to set up its footprint in the financial, healthcare and telecom services sectors. Buoyed by increasing global as well as domestic demands, the firm has now drawn up a strategy to acquire relatively smaller companies having annual revenue worth $50 million to [...]
The Scandinavia-based Codan Group has selected midsized Indian IT and BPO services vendor Patni Computers Systems to provide crucial application management services. According to an announcement made in this regard by the Codan Group, the Indian tech firm has obtained the seven-figure agreement for a period of three years during which it will be providing [...]
Notwithstanding the crusade of the US President Barak Obama to stop the transfer of jobs and work to inexpensive locations and the restrictions imposed by several European nations on outsourcing, Indian IT and BPO firms have not only contributed to the country’s GDP during the last one decade, but also helped several US and European [...]