Can Bangalore be India’s global captive center capital?

Vidhana Soudha in Bangalore

The IT capital of India, Bangalore, is heading towards a boom in the sphere of global in-house centres (GIC) or captive centers. Global players are on their way to the city to enhance their presence in the expanding Indian market. From one of the most famous lingerie brands to the world’s largest beer makers, the […]

IT Industry to Witness Faster Growth in 2014: NASSCOM

nasscom logo

The multi-billion dollar IT industry of India is staring at a growth of 13-15% in the next fiscal year. This prediction was made by R. Chandrashekhar, the president of the software industry body Nasscom. He based this forecast on the future software exports that are slated to bring in the revenue for the country. Growth […]

Japan’s Outsourcing Inc acquires majority stake in India’s Alp Consulting

Alp Consulting, Bangalore

As another evidence to the growing interest of the world in India’s rising employment market, Japan-based staffing firm Outsourcing Inc has acquired the majority stake in Alp Consulting, a Bangalore-based hiring firm which has provided employment to more than 4,000 employees in India. Outsourcing Inc paid $5 million which is equivalent to around 31.2 crores […]

Cisco Technology Radar 2014 – Trends that Will Define 2014 and Beyond

2014 trends

Spotting the next innovation, that could benefit customers or challenge the success of existing products, is top-of-mind for every company. Keeping a finger on the pulse of every innovation that could bring such a disruption can be daunting. At Cisco, a self-nominated team of enthusiasts, unaffiliated with any particular function or business unit take up […]

Wipro to Acquire Mortgage BPO Opus CMC for $75 Million

wipro logo

Wipro Ltd., one of India’s leading IT giants, is slated to acquire the US-based Opus Capital Markets Consultants. The all-cash deal is of the tune of $75 millions (Rs 467 crore) and includes a deferred earn-out component spread over the next few years. Boost to Wipro’s mortgage solution and outsourcing business This move will boost […]

Bharti Airtel Expanding into the African Market

Bharti Airtel is set to acquire Congo telecom giant Warid group in an effort to increase their market presence in Africa. The definitive agreement will seal Bharti Airtel’s position in the Republic of Congo as the telecom operator of choice for over 2.6 million clients. The details of the agreement were released in a press […]

British Telecommunications Considering India and Malaysia as Outsourcing Destinations

British Telecom

The British Telecommunications group seems to be following international trends in its recent decision regarding outsourcing. The group has some captive centers in Malaysia and India and is planning to be shifting some outsourcing processes to these centers. Most large multinational corporations have been consistently pulling back on outsourced technologies and seem to be holding […]

Apax Closes India’s Largest Exit Deal, Acquires GlobalLogic

Global Logic

GlobalLogic, a small firm started by four IIT graduates was bought for a staggering price of $420 million by Apax Partners, a private equity giant. The deal is thought to be the biggest deal in India, in the exit category for a small group of venture capitalists in 2013. Apax has a stake in India’s […]

New Outsourcing Business on the Horizon for Virtusa Corporation

VirtUSA

Virtusa Corporation and Tech Mahindra went head to head in a competition for a contract from British Telecom. The company was hitherto a client of Tech Mahindra for over twenty five years. Virtusa Corporation winning the client over was a huge success for the company. Tech Mahindra’s loss The contract, now inked with Virtusa, is […]

Allianz and IBM Set to Enter an Outsourcing Relationship

Alliance, Germany

Allianz and IBM are tied in negotiations regarding outsourcing a significant portion of Allianz’s information technology services hitherto conducted in-house. Allianz, the German insurer company is planning a revamp of its internal IT services, hence the intention to outsource. Allianz’s integration with cloud technologies The experts at Allianz have decided to integrate their global data […]

Cognizant Announces Plan to Acquire ValueSource NV

Cognizant office

Cognizant, a premier IT solutions provider announced its decision to acquire ValueSource NV. The company is a subsidiary of an integrated bank insurance group based in Belgium called KBC. The acquisition is a part of a five year contract with KBC, the Belgium-based group. Cognizant headquartered in the US has made another acquisition announcement apart […]

Vodafone renews their outsourcing contract with IBM

IBM

IBM and Vodafone have renewed their outsourcing contract. This contract comes on the heels of numerous contracts that are renewed and renegotiated before the term expires, an industry trend. The estimated value of the deal between IBM and Vodafone Essar is rumored to be around $1 billion. The new contract states that IBM will manage […]