Tata Consultancy Services (TCS) is looking to buy Vertex, the outsourcing arm of UK's United Utilities PLC
Media Release
Jun. 15, 2006

India's Tata Consultancy Services (TCS) is looking to buy Vertex, the outsourcing arm of UK's United Utilities PLC, in a deal valued at 800 mln to 1 bln usd, the Times of India reported on its website, citing company sources.

It said that Vertex -- which has interests in back office functions like customer services, human resources, procurement, finance and accounting -- is perceived by the parent company as a non-core business, and hence the decision to sell.

TCS already has an existing relationship with United Utilities, with the latter having signed a multi-year IT maintenance contract, the newspaper noted.

Tata Consultancy Services (TCS) is looking to buy Vertex, the outsourcing arm of UK's United Utilities PLC
Media Release
It said that Vertex -- which has interests in back office functions like customer services, human resources, procurement, finance and accounting -- is perceived by the parent company as a non-core business, and hence the decision to sell.
READ MORE>>

A US-based provider of outsourced product development for global software companies, Symphony Services, has set up its fourth development centre in India
Media Release
A US-based provider of outsourced product development for global software companies, Symphony Services, has set up its fourth development centre in India here to house up to 2,000 professionals.
READ MORE>>

Magma(R) Design Automation a provider of semiconductor design software, announced its expanding presence in India
Media Release
These additions will enable Magma to take advantage of the availability of world-class engineering talent and provide additional support to its growing customer base in India.
READ MORE>>

Chennai-based Gemini Communication signed an agreement to acquire the entire share capital of Clear Blue Llc
Media Release
Clear Blue owns Internet Protocol and Intellectual Property Rights products in the wireless broadband space, the company informed the Bombay Stock Exchange.
READ MORE>>

Business Process Outsourcing firm ICICI One Source (I-One source) will open an on-shore delivery centre in Northern Ireland
Media Release
Business Process Outsourcing firm ICICI One Source (I-One source) will open an on-shore delivery centre in Northern Ireland, in a move that will mark its presence in European continent.
READ MORE>>

Australia-India-Japan collaboration to make rail cars in india
Media Release
Composite parts maker Quickstep Holdings Ltd (ASX:QHL) has formed a joint venture targeting the growing Indian market, eying a $US4.2 million contract to help build new rail coaches.
READ MORE>>

ABG Shipyard of India bagged a Euro 16.59 million (US$21 million) order for construction of a diving support vessel, from Netherlands-based Vroon Offshore BV
Media Release
The company has bagged the Rs 980 million order for the construction of a unit of 78 meter length overall (LOA) diving support vessel, the company informed the Bombay Stock Exchange.
READ MORE>>

US wing of IT firm Scandent Solutions has acquired Nexplicit, an SAP (System Applications and Products) services provider
Media Release
SAP continues to dominate the enterprise solutions market and we are delighted to augment our presence in this area with the acquisition of Nexplicit, a SAP consulting partner, with an American blue-chip client base
READ MORE>>

MORE ARTICLES >>