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Wipro Ties up With an Israeli Firm for Cyber Security Solutions

6Nov By Gauri SinghNo Comments

BUSINESS

Wipro Ties up With an Israeli Firm for Cyber Security Solutions

Bengaluru-based IT company Wipro has collaborated with an Israeli company called Check Point with an objective to strengthen the delivery of cybersecurity and threat prevention solutions for customers that are investing in cloud infrastructure. With this partnership, Wipro would deliver Check Point’s advanced and dynamic cloud security solution, CloudGuard IaaS (infrastructure as a service). Also, Wipro and Check Point would enable customers to increase their investment in cloud infrastructure by defending against the most sophisticated fifth-generation cyber security threats to their cloud assets and data. “By incorporating Check Point’s cloud security solutions into our IaaS offerings, Wipro customers will now benefit from advanced fifth-generation threat prevention for virtualized ...

HCL to Set up New Global IT Centres & Create Over 5,000 Jobs

9Oct By Gauri SinghNo Comments

BUSINESS

HCL to Set up New Global IT Centres & Create Over 5,000 Jobs

The popular IT company HCL Technologies will reportedly set up a Global IT development centre at Gannavaram in Andhra Pradesh and this will create more than 5,000 jobs. The new centre is spread over 29.86 acres and is anticipated as part of Andhra Pradesh's drive to create a new IT hub. With this, the company will invest over Rs 700 crore to develop two facilities in the state, in phases over the next few years. As a part of the deal, a skill development centre with a 1,000-seat capacity will also be developed. "The creation of this Global Centre is aligned with our strategic vision to expand and create opportunities in the emerging cities. We are confident that HCL Global Centre in Vijayawada will be one of the best IT centres in the industry in the coming years," said Executive ...

Tech Mahindra Reduces its Retirement Age to 55 Years

2Oct By Gauri SinghNo Comments

News

Tech Mahindra Reduces its Retirement Age to 55 Years

The popular IT company Tech Mahindra has reduced the retirement age from 58 to 55 years. Generally, corporate and government retirement ages go up but in the rapidly changing IT industry, it’s beginning to go down. This move by the company indicates that they don’t want to be stuck with older employees who may be reluctant to change. The policy applies only to employees in what it calls the ‘U’ band — those with under seven years of experience. The policy has no impact for now, and its senior employees will not be hit. “At the end of the day, business-and-skill mix required has changed dramatically. Companies have engaged their employees in long learning cycles — in some cases, at their own expense. Firms have little control and are driven by clients’ demand and are actively changing...

HCL Technologies Excels Wipro, Becomes No. 3 IT Company

28Jul By AnkitaNo Comments

News

HCL Technologies Excels Wipro, Becomes No. 3 IT Company

HCL Technologies Ltd excels Wipro Ltd to become India’s third-biggest software services provider in the three months to 30 June, marking the first change in the pecking order of the country’s $167 billion IT outsourcing industry in six years. The revenue of Noida-based HCL Technologies rose 0.8% to $2.06 billion in the quarter from the compared to the preceding three months, and 8.5% in comparison to the same period in the year 2017. It is the second-best performance of the company among the top Indian IT companies. The net profit of the company has increased from 3.4% to $356 million as compared to the preceding quarter, and 5.7% compared to the same period of 2017. Bengaluru-based Wipro’s dollar revenue declined 1.7% sequentially to $2.03 billion in the first quarter. Wipro’s fu...

16Feb By Sabhyata AgarwalNo Comments

FUNDING

Expense Management Platform Happay Raises Funding From Sequoia And Others

The expense management software for enterprises, Happay has raised Rs 1.60 crore ($250,000) in a fresh round of funding, a report by TechCircle confirms. The IT services company raised a total of $10 million (Rs 65.13 crore) in the round led by existing investor Sequoia Capital. Happay which was found in 2012 in Bangalore, Karnataka raised the same amount at its previous Series B funding in December. The company had raised that round at a post-money valuation of $53-55 million. The funding round observed the involvement of Sequoia Capital, Singapore-based private equity fund Axiom Capital and AME Cloud Ventures, the venture led by Yahoo co-founder Jerry Yang and other investors etc. Previously in 2015, Happay had raised $7.2 million from Sequoia Capital and Prime Venture Partners ...