Cognizant Announces Plan to Acquire ValueSource NV

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 […]

The IT Industry is Rooting for Changes in the US Immigration Bill

The US immigration has been under intense scrutiny not only in the US but also in India and other countries across the world. This scrutiny is attributed to certain clauses in the bill which will affect the bottom line of the outsourcing industry. Most of the clauses pertain to the US H-1B visa which is […]

BPOs Are On The Lookout For Nurses And Actuaries

BPOs across India are looking to standardize procedures and office environments in accordance with US requirements. This move has become beneficial to those in the healthcare department especially for nurses, medical coders, actuaries, biostatisticians and medical writers. Companies like Wipro, Accenture, Cognizant and iGate are hiring nurses, specifically nurses who have successfully completed the National […]

Australia and Canada Follow the US Immigration Bill in Introducing New Foreign Visa Restrictions

The first blow to the Indian IT companies came from the US immigration bill which placed restrictions on the number of work visas that a company can sponsor. Canada soon followed suit. The latest development in the visa arena was announced in Australia when the country followed the global trend by tightening its work visa […]

UK Banks May Boost Outsourcing To India

Recent decisions made in the United Kingdom seem to have profitable repercussions for outsourcing companies in India. The UK government has decided to hand back complete control to banks. Further the slow growth has forced banks to think of cost cutting techniques in order to stay in the business. The financial meltdown and government support […]

Wipro’s Outsourcing Profit beyond Estimation

Recent reports say the profit of Wipro Ltd. (WIPRO), the third largest software service outsourcer, is much higher than the value estimated by analysts. For Jul-Sept 2012 period the net income for the company has increased from 24 percent to Rs 16.1 billion. This number is in contrast to Rs 15.5 billion estimated by 42 […]

How is Cognizant surging ahead in BPM Market?

Recently there are reports that Cognizant Technology Solutions Corp. (CTSH) is spending big time in US and Europe to grab the market share from its immediate rival Infosys in the global BPM industry. The annual financial report of the company shows that the company is spending 22% of its revenue to deploy more people in […]

Vendors to build IT-BPO combine model

February 17, 2012: Many of the leading Information Technology service providers in India including HCL were behind developing a model that they believed would be the future. The model that they believed would work wonders was the IT-BPO combine. This was three years ago. Leading global IT service provider Accenture was already working on the […]

Global IT spending to increase by 3.9% in 2012: Gartner

December 9, 2011: Gartner, an Information Technology research company has projected that the organizations around the world will spend $2,700 billion in the year 2012 on IT products and services. There is an increase of 3.9 per cent when compared with the spending figures for the current year. According to Gartner, Information Technology is no […]

Cognizant wins clinical data outsourcing deal with UK Major

December 2, 2011:  AstraZeneca, the UK based pharmaceutical major has entered into a contract with Cognizant to provide statistical analysis of the clinical trial data. Back in 2004 AstraZeneca had outsourced IT and business processes to cognizant. Later in 2008 the contract was extended to include application maintenance and centralized data management services. According to […]