Volume 16, August 2008

 

 

 

 

 

 

 

 

 

IT Services

TCS bagged $100M contract from NXP Semiconductors of Europe

TCS will provide application management, development and support services across NXP’s supply chain operations.

EDS won a seven-year $391M Georgia Medicaid deal

EDS will implement a Medicaid Management Information to provide the State claims processing for healthcare providers and data analysis on healthcare trends, as well as identify potential fraud and abuse.

Perot won a 13-year $1B contract extension from Harvard Pilgrim Health Care

Perot Systems will operate and support Harvard Pilgrim's information technology infrastructure, business applications, and administrative business operations until 2021.

Unisys won a seven-year $179M contract from State of Maine Department of Health and Human Services (DHHS)

This firm-fixed-price contract is to provide a new Medicaid Management Information System (MMIS) to manage Maine’s current and future Medicaid program.

CSC and TDC signed a seven-year $413M outsourcing agreement

TDC will manage CSC’s legacy application portfolio, providing application development and maintenance services for more than 500 applications and supporting approximately 17,000 users. As part of the new agreement, approximately 220 TDC employees will transition to CSC.

IT Products


IBM to buy i-log for $340M

IBM plans to combine i-log’s business rules management systems with its own business process management and business optimization tools. i-log’s business rules management systems (BRMS) could be used to improve and add capabilities to a whole range of IBM product lines, including Tivoli and Lotus, the companies said.

Infosys bidding for BBVA contract

Infosys Technologies is close to signing a deal with Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA) for the supply of its Finacle core banking technology. BBVA said it would invest € 5.6B in technology over the next three years.

NAB selected Oracle for IT overhaul

National Australia Bank has selected Oracle to roll out the first phase of its $1B core banking revamp. In an announcement, NAB said Oracle would replace its core banking systems over the next five years.
Oracle to acquire Global Knowledge Software

Oracle Corp. announced that it has agreed to acquire Global Knowledge Software LLC or GKS, a division of Global Knowledge, Inc. GKS is a provider of self-service training automation software. Financial details of the transaction were not disclosed.

Oracle to acquire AdminServer

The combination of Oracle and AdminServer is expected to result in the most modern, comprehensive, standards-based and well-integrated enterprise software suite for the insurance industry.

BPO

WNS acquired AGS for $228M; enters into 8-Yr, $1B Outsourcing Contract

WNS has a definitive agreement to acquire the BPO division of the UK-based insurance company Aviva—Aviva Global Services (AGS)—for $228M. WNS will pay for the acquisition in cash as well as a bank loan of over $200M.

Marsh outsourced back-office operations to Capita

Marsh, a UK-based insurance broker and strategic risk advisor, has outsourced its back-office operations to Capita, under a 10-year, £187M contract. As part of the deal, Capita will have access to 650 Marsh staff that will help Capita better manage their back-end service requirements.

Convergys to acquire Intervoice for $335M

Convergys to purchase Intervoice, a Dallas-based telecommunications firm, for $335M. Convergys expects the deal to close in the third quarter. The deal will allow Convergys to integrate Intervoice’s complementary speech automation and Web selfcare services.

Wal-Mart established IT Back Office in Bangalore

The $388B retail giant established a captive shared service center to cater to multiple functions through its worldwide operations. Besides IT development and maintenance, a shared service center supports enterprise operations, such as HR, finance, and accounting.

Quatrro BPO acquired UK-based gaming outsourcing firm Babel Media

In its sixth and the biggest acquisition till date, Raman Roy-led Quatrro BPO, backed by US-based hedge fund DE Shaw Group, has acquired British firm Babel Media, a provider of specialist outsourced services to gaming and interactive entertainment industry. While the deal size stands undisclosed, the deal value is believed to be in the $100-125M bracket.

 

 


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