Archive for 2010

Infosys attrition – 4,000 employees leaving in the month of Feb ?

Thursday, March 11th, 2010 Posted in Opinions, Uncategorized | No Comments »

SOURCE: EconomicTimes DATE: March 10th, 2010 A recent report by EconomicTimes mentions that brokerage firm CLSA suggest that close to 4,000 people may have left Infosys in the month of Februrary.  Video Link Infosys Attrition ... Read more..

Patni goes to Mexico

Thursday, March 11th, 2010 Posted in Uncategorized | No Comments »

SOURCE: Press Release DATE: March 11th, 2010 Patni Computer Systems, a leading global IT and BPO services provider, will host a ribbon-cutting ceremony Friday, March 12, to unveil a new state-of-the-art IT ... Read more..

Denmark based KMD extends SAP contract with Mahindra Satyam for $48 million

Thursday, March 11th, 2010 Posted in DEALS | No Comments »

SOURCE: Press Release DATE: March 11th, 2010 Mahindra Satyam, the brand identity of Satyam Computer Computer Services Ltd. (NYSE:SAY), a leading global consulting and IT services provider has signed a new four ... Read more..

Numb3rs: Offshore Vendors headcount & attrition 2009

Wednesday, March 10th, 2010 Posted in Fact Sheet, Uncategorized | No Comments »

DATE: March 9th, 2010 Here are some attrition numbers for some of the vendors as per their last quarterly report ( End of Dec 2009).       1) Infosys: Attrition at 11.6%, Total Employee Strength 109,882, Net ... Read more..

Attrition Rate in offshoring firms set to go higher ?

Tuesday, March 9th, 2010 Posted in Opinions, Uncategorized | No Comments »

DATE: March 8th, 2010 (EconomicTimes: LINK) For the last 18 months attrition rates in IT/BPO firms out of  India and captives has been a non issue. A number of firms in their ... Read more..

Numb3rs: Financial Services Spend on IT

Tuesday, March 9th, 2010 Posted in Fact Sheet, Market Data | No Comments »

SOURCE: Business Week DATE: March 10th, 2010 As per Celent, Financial services companies spend in 2009: $350 billion globally on IT $120 billion in North America. 50% spend on : software, internal head count, and ... Read more..

Aditya Birla Minacs acquires UK based Compass BPO

Tuesday, March 9th, 2010 Posted in MandA | No Comments »

SOURCE: Press Release DATE: March 9th, 2010 The F&A space is the new battleground for a number of mid size firms looking to distinguish themselves in the crowded and competitive BPO space. ... Read more..

Does India have legal structure to support Satyam class action suit ?

Tuesday, March 9th, 2010 Posted in Uncategorized | No Comments »

SOURCE: Financial Times DATE: March 8th, 2010 The article in Financial times talks about the challenges of suing an Indian firm by overseas stockholders and claiming damages.  The suit is against Satyam ... Read more..

Wipro wins Indian Government Finance Ministry deal

Monday, March 8th, 2010 Posted in DEALS, India, Public Sector Deals | No Comments »

SOURCE: Press Release DATE: March 8th, 2010 Domestic Indian markets are an area of focus for IT vendors in India and large established multi nationals with operations in India. A number of ... Read more..

Sunera Signs a New Deal with ISV – an Alternate to Outsourcing

Monday, March 8th, 2010 Posted in Uncategorized | No Comments »

SOURCE: Press Release DATE: March 8th, 2010 Sunera Technologies (Sunera), a Michigan Corporation and a pioneer in enabling Technology and Services companies worldwide, announces the addition of a new ISV customer based ... Read more..

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