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In keeping with its new chief executive officer, Vishal Sikka’s vision of being more digital and introducing more automation, India’s second-largest software services exporter Infosys Ltd said on Monday it will buy automation technology company Panaya Inc. for about $200…
Read More Infosys To Buy US Automation Tech Firm Panaya For $200 MN
Infosys today announced that it will be shelling out $200 million for a little known US-based firm Panaya that is a privately held company backed by venture capital firms like Benchmark Capital, Hasso Plattner Ventures and Battery Ventures. "The acquisition of…
Read More $200 Mn Well Spent? 3 Reasons Why Infosys Buying Panaya Makes Good Sense
Betting big on new technologies to boost growth, country's second-largest software services firm Infosys will acquire US-based automation technology company Panaya for USD 200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after…
Read More Infosys To Buy Automation Tech Firm Panaya For $200 MN
Betting big on new technologies to boost growth, country's second-largest software services firm Infosys will acquire US-based automation technology company Panaya for USD 200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after…
Read More Infosys To Buy Automation Tech Firm Panaya For $200 MN
The $118-billion Indian information technology (IT) industry could see muted growth in the fiscal year ending March 2016, even lower than the 13-15% growth that software lobby Nasscom forecast for the current fiscal as most businesses keep a wary eye…
The $118-billion Indian information technology (IT) industry could see muted growth in the fiscal year ending March 2016, even lower than the 13-15% growth that software lobby Nasscom forecast for the current fiscal as most businesses keep a wary eye…
HCL Technologies needs to rethink its strategy as its fastest-growing vertical, infrastructure services business, has been slowing down with clients shifting to cloud technology , experts said, suggesting increased investment to push other businesses at India's fourth largest information technology…
Oracle India is ramping up its cloud business with the addition of a dedicated sales force that will sell Oracle Cloud solutions. The company announced that it plans to hire more than 200 sales professionals to accelerate and ramp up…
Read More Cloud Domination Dreams: Oracle To Hire Troop Of Sales Professionals Across India
Unable to cash in on the cloud computing growth and due to heavy discounts on its products, Oracle India's profits saw a decline of 12 per cent in 2013-14 to Rs 297 crore. Oracle's rival SAP, which has been quite…
Read More Slow Cloud Computing Growth Pushes Oracle Profits Down 12%
The last few months have seen numerous phishing attacks and hacking on to corporate networks—are you seeing the threat landscape getting more complicated? The security industry is rightly earning its long due importance in organisations owing to numerous attacks last…
Read More CIOs Need A Broad Outlook For Developing Security Strategies
The budget is just round the corner. Everyone has their own set of expectations from the upcoming budget. While common man is hoping the budget to bring some tax relief and cheaper commodities, industrialists are keeping their fingers crossed about…
Read More What IT Head Honchos Are Expecting From Budget 2015-16
With the resumption of the discussions on Social Security Agreement and Bilateral Investment Agreement finding pride of place in Prime Minister Narendra Modi's announcements at the joint press meet with visiting US president Barack Obama, the country’s IT sector is…
Read More Indian IT Industry Mood Lifts on Totalisation Pact
To boost HARMAN’s play in ‘Internet of Things’ NYSE-listed infotainment company HARMAN International Industries has agreed to acquire Symphony Teleca, a software services company with majority staffers in India, for at least $780 million. “Symphony has solid intellectual property when it…
‘Trespassers will be recruited,’ an adage that defined the hiring needs of India’s $120-billion IT services space in the last decade may no longer hold true. All indications are that frontline companies may hire fewer staffers going forward as they bring…
Read More The days of ‘big bang’ hiring by IT firms may be over
The budget is just round the corner. Everyone has their own set of expectations from the upcoming budget. While common man is hoping the budget to bring some tax relief and cheaper commodities, industrialists are keeping their fingers crossed about…
Read More What IT Head Honchos Are Expecting From Budget 2015-16
Software services company Mindtree Ltd said on Monday that its third quarter net profit rose about 58.5%, beating market expectations, helped by higher revenue from its banking, financial services and insurance, and retail, consumer packaged goods and manufacturing clients. Net…
Read More Mindtree Q3 profit up 58.5%, beats market expectations
Software services company Mindtree Ltd said on Monday that its third quarter net profit rose about 58.5%, beating market expectations, helped by higher revenue from its banking, financial services and insurance, and retail, consumer packaged goods and manufacturing clients. Net…
Read More Mindtree Q3 profit up 58.5%, beats market expectations
Mindtree has reported good third quarter profits and is confident that it will beat the upper band of Nasscom’s 13-15 per cent guidance for this financial year. The Bengaluru-based mid-size company posted a net profit of 140.8 crore in the…
During his keynote address at the inaugural session at CeBit India, the local edition of the world's largest IT expo, in November last year, Infosys CEO Vishal Sikka first expressed his "disappointment" with the Indian IT services industry. He had…
Assuaging concerns over some sections of the industry that Infosys is becoming a product company, CEO Vishal Sikka has asserted that it will continue to be a services company going forward. “The trick for Sikka would be to do a…
Read More Infosys Will Remain A Services Firm, Says Sikka; Promises To Deliver More Value
The firm has the credit of the only young firm (18 months in operation) amongst the list of long existing global majors Commenting on this announcement, Sanchit Vir Gogia, Chief Analyst and Group CEO, Greyhound Research said, “I want to…
Greyhound Research, the 18-months old IT and telecom research firm, has been ranked second best analyst firm in Asia Pacific by Influencer Relations. It also becomes the only analyst firm headquartered in Asia Pacific to rank amongst top 10 firms…
Read More Analyst Firm Of The Year Awards: Greyhound Research ranked No.2 in APAC
Influencer Relations blog has announced the 2014 “Analyst Firm of the Year” awards. Contenders have been narrowed down to a shortlist of 18 firms which are in the top ten rankings for ten different categories. The awards aim to recognise…
Indian IT services companies are realizing that ‘digital’ is the way to go. They are investing in new technologies such as cloud computing, mobile technologies, data analytics among other and bagging high-margin outsourcing contracts to respond to the growing competition. In an…
To serve a growing customer base and better manage the client experience across all customer touchpoints, organisations are moving away from siloed transaction-oriented systems – such as enterprise resource planning (ERP), customer relationship management (CRM) and dealer management systems –…
What is the event all about? Big Data has been the buzzword in the technology space for quite some time now, with analysts and service providers discussing numerous benefits that can be derived by crunching the huge data sets available.…
What is the event all about? Big Data has been the buzzword in the technology space for quite some time now, with analysts and service providers discussing numerous benefits that can be derived by crunching the huge data sets available.…
What is the event all about? Big Data has been the buzzword in the technology space for quite some time now, with analysts and service providers discussing numerous benefits that can be derived by crunching the huge data sets available.…
How Indian enterprises are leveraging mobility to build the workplace of the future_SVG (1)