Tuesday, May 28

Tag: IT

India needs 2 Million Cloud Engineers by 2025
INDIA

India needs 2 Million Cloud Engineers by 2025

India has the potential to become the world's second-largest cloud talent hub with the combined effort of government bodies, education and skilling organizations, and technology providers, IT industry body Nasscom said on Monday. Nasscom, in association with Draup, said in a report that India currently ranks third globally with an installed talent pool of 608,000 (FY2021) cloud professionals. "By 2025, India would have an estimated 1.4-1.5 million cloud professionals (baseline growth). However, with an estimated demand for over 2 million professionals by 2025, India could reach 1.7-1.8 million cloud talent pool with a fairly aggressive skilling roadmap," the report titled 'Cloud Skills: Powering India's Digital DNA' said. Tata Consultancy Services (TCS) and Accenture were strateg...
Hitachi acquires GlobalLogic for $9.6 billion
ACQUISITION

Hitachi acquires GlobalLogic for $9.6 billion

TOKYO, March 04/02/2021— Japanese leading tech firm, Hitachi, Ltd. (TSE: 6501, “Hitachi”) acquire GlobalLogic, a leading U.S.-headquartered digital engineering services company for $9.6 billion. Through the acquisition, Hitachi expects the addition of GlobalLogic’s advanced digital engineering capabilities, and its solid client base including major technology companies, to strengthen the digital portfolio of “Lumada." Lumada is the name of Hitachi’s advanced digital solutions and services for turning data into insights that drive digital transformation of social infrastructure. The acquisition will accelerate the advanced digital transformation of social infrastructures such as rail, energy, and healthcare on a global scale. Headquartered in Silicon Valley, GlobalLogic is a l...
Synechron acquires Australian Tech firm Attra
ACQUISITION

Synechron acquires Australian Tech firm Attra

Melbourne, 12th December 2020: IT company Synechron acquire Australian technology services and solutions provider firm Attra. Synechron did not disclose the deal consideration but announced that the acquisition is its biggest yet and will increase top-line by USD 100 million to USD 650 million, and also add 2,000 employees to take its overall headcount to over 10,000. Melbourne-headquartered Attra was incorporated in 1995 and provides consulting, application development, maintenance and engineering services to clients across the payments value chain worldwide, as per a statement. "The acquisition of Attra enables us to strengthen our service offerings. The enhanced competencies that Attra brings will allow us to further advance our clients'' banking and digital payment technology...
IBM to Acquire SAP Consulting Partner TruQua
ACQUISITION

IBM to Acquire SAP Consulting Partner TruQua

ARMONK, N.Y., Nov. 16, 2020-- Global IT firm IBM acquire TruQua Enterprises, an IT services and consulting SAP development partner. TruQua specializes in delivering finance and analytics solutions to Fortune 500 companies. This acquisition shift IBM strategy from legacy enterprise systems and siloed processes to cloud-based integrated and streamlined finance functions such as cash flow, budgeting, and consolidations is critical in today's rapidly evolving marketplace. TruQua will enable IBM to broaden its consulting expertise and capabilities to help clients implement SAP solutions that will improve and automate financial management workflows, enhance operational efficiency, and, ultimately, drive an enterprise-wide transformation through the adoption of SAP S/4HANA, the latest g...
Wipro Acquire Fintech Service Provider Encore Theme
ACQUISITION

Wipro Acquire Fintech Service Provider Encore Theme

BANGALORE, India, 28th Oct 2020 -- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global IT company acquire Encore Theme, a specialist in providing SaaS and Cloud solutions in financial services for an undisclosed amount. Over the past decade, Encore Theme headquartered in Chennai, India has focused exclusively on implementing a broad suite of Trade Finance solutions, developed by Finastra, one of the world’s largest fintech, to financial institutions across the Middle East, Africa, India, and the Asia Pacific. They have successfully delivered more than 75 large scale Finastra Trade Finance projects for banks across these regions. Financial institutions are all looking to modernize their trade platforms and focus on the end-to-end digitalization of commercial routines...
Accenture Plan to Reduce 5% Workforce
News

Accenture Plan to Reduce 5% Workforce

New York, 26th Aug 2020: Thousands of roles at Accenture could be impacted as the global IT services company is looking to reduce at least 5 percent of its global workforce. Accenture has a global workforce of around 5.13 lakh people, in which about 2 lakh are from India. The workforce reduction might have an impact on its Indian operations. In a statement, Accenture said, "it was not planning extraordinary global workforce actions at this time but every year, as part of our performance process, we have conversations with our people about how they are performing, areas for improvement, their potential to progress, and whether they are a long term fit for Accenture." "This year, across all parts of our business and all career levels, we will identify approximately five percent of ...
Wipro Selects Google Cloud to Advance its Digital Transformation Strategy
BUSINESS

Wipro Selects Google Cloud to Advance its Digital Transformation Strategy

SUNNYVALE, Calif., July 28, 2020-- Wipro Limited, a leading global IT services company announced that it has selected Google Cloud as the cloud provider for its enterprise-wide SAP footprint. The engagement will bring SAP applications and workloads to the cloud to support Wipro's 180,000-plus employees. This latest collaboration solidifies the strategic relationship between the companies as they roll out two major initiatives across Wipro's global organization. Transforming to an Intelligent Enterprise with SAP S/4HANA and Google Cloud Wipro will modernize and transform its core ERP system to SAP's flagship S/4HANA and migrate the SAP workloads onto Google Cloud Platform (GCP). Wipro will leverage the advanced intelligent ERP from SAP, along with the flexibility and scalabili...
Infosys secure $1.5 billion deal with Vanguard, Biggest in its History
BUSINESS

Infosys secure $1.5 billion deal with Vanguard, Biggest in its History

Indian IT company Infosys secures a 10 year IT deal with Vanguard for $1.5 billion, which is Infosys' biggest deal in its working history. As part of the deal, Infosys will provide design, development, deployment, and support to Vanguard's full-service defined contribution (DC) business. This strategic partnership will deliver a technology-driven approach to plan administration and fundamentally reshape the corporate retirement plan experience for Vanguard sponsors and participants. Vanguard is the largest DC asset manager in the U.S. with $1.3 trillion+ in assets. It is the 2nd largest provider of mutual funds and ETF in the world. Infosys is a global leader in next-generation digital services and consulting, with deep expertise in helping companies deploy transformative techno...
IT Security Firm Securden raises funding from Accel Partner
FUNDING

IT Security Firm Securden raises funding from Accel Partner

San Francisco, July 8, 2020: IT security startup Securden Inc has received USD 1.2 million in a seed investment round led by global venture capital firm Accel, a top company official said. According to company co-founder Balasubramanian Venkatramani, the funding would be used for taking up the company's marketing, research, and development among others, a statement said. Securden is engaged in preventing identity thefts, malware propagation and insider threats among many others, a company statement said. The investment round builds on Securden's momentum as a company witnessing rapid adoption by enterprises across various sectors including banking and financial, healthcare, education, and government among others. The funding of USD 1.2 million (about Rs 9 crore) has seen parti...
US President Donald Trump suspends H-1B visas till year end
USA

US President Donald Trump suspends H-1B visas till year end

US President Donald Trump has issued a proclamation to suspend issuing of H-1B visas, which is popular among Indian and Chinese workers, along with other foreign work visas for the rest of the year. Trump said the step was essential to help millions of Americans who have lost their jobs due to the current economic crisis. Issuing the proclamation ahead of the November presidential elections, Trump has ignored the mounting opposition to the order by various business organisations, lawmakers and human rights bodies. The proclamation that comes into effect on June 24, is expected to impact a large number of Indian IT professionals and several American and Indian companies who were issued H-1B visas by the US government for the fiscal year 2021 beginning October 1. They would now have t...
IBM acquires cloud cybersecurity management company Spanugo
ACQUISITION

IBM acquires cloud cybersecurity management company Spanugo

ARMONK, N.Y., June 15, 2020-- IT major IBM acquire Spanugo, a US-based provider of cloud cybersecurity posture management solutions. To further meet the security demands of its clients in highly regulated industries, IBM will integrate Spanugo software into its public cloud. Late last year, IBM announced it designed the world's first financial services public cloud to help address the requirements of financial services institutions for regulatory compliance, security and resiliency. Once available, it will provide preventative and compensatory controls for financial services regulatory workloads, multi-architecture support and proactive and automated security, leveraging the industry's highest levels of encryption certification. The addition of Spanugo software will help accel...
Thierry Delaporte becomes new Wipro CEO and MD
News

Thierry Delaporte becomes new Wipro CEO and MD

IT services major Wipro has appointed Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective July 6, 2020. In January this year, the company had said its CEO and Managing Director Abidali Z Neemuchwala had decided to step down from the company. Abidali Neemuchwala will relinquish his position as CEO and MD on June 1. Rishad Premji will oversee the day-to-day operations of the company until July 5, Wipro said in a statement. "Until recently, Thierry Delaporte was the Chief Operating Officer of Capgemini Group and a member of its group executive board. During his 25 year career with Capgemini, he held several leadership roles," it said. He also oversaw Capgemini's India operations, and led the group's transformation agenda, ...