IT | Pixr8 News

Wipro Acquired Brazil Based IT Services Provider

26Jan By NitishNo Comments

ACQUISITION

Wipro Acquired Brazil Based IT Services Provider

Wipro Ltd. a leading global information technology, consulting and business process services company today signed an agreement to acquire InfoSERVER S.A. for BRL 27.6 Million (USD 8.7Mn). InfoSERVER, an IT services provider, which is focussed on the Brazilian market, provides custom application development and software deployment services. Two-decade old InfoSERVER, which counts some of the largest Brazilian banks as its clients, will help Wipro in expanding its presence in the country’s highly traditional and competitive Banking, Financial Services & Insurance market besides adding invaluable domain and process knowledge on the sector. This acquisition closely aligns with Wipro’s vision to localise, expand its presence and become a significant partner of choice in the LATAM ma...

Wipro Limited Announce Retirement of Executive Vice Chairman TK Kurien

25Jan By NitishNo Comments

News

Wipro Limited Announce Retirement of Executive Vice Chairman TK Kurien

Wipro Limited, a leading global information technology, consulting, and business process services company, today announced that TK Kurien, Executive Vice Chairman & Member of the Board will retire on January 31, 2017 after completing a distinguished career with the company. Azim Premji, Chairman, Wipro Limited said, “TK has been an integral part of the organization’s leadership for years. He has played a vital role in building and scaling many of Wipro’s successful businesses besides spearheading our transformation into a future ready organization. TK has long been a powerful voice in championing and espousing the cause of the industry in various fora around the world. I thank him and his family for his immense contribution to Wipro and wish him the very best for the next phase of h...

HP Acquired US Software Startup SimpliVity for $650 Million

19Jan By NitishNo Comments

ACQUISITION

HP Acquired US Software Startup SimpliVity for $650 Million

Hewlett Packard Enterprise today announced a deal to buy business data management firm for USD 650 million in cash. Founded in 2009, the Massachusetts-based Simplivity sells "hyperconverged" systems that combine computing, storage and networking. HPE said the market for such systems was estimated at USD 2.4 billion last year and was expected to grow to nearly USD 6 billion by the year 2020. "This transaction expands HPE's software-defined capability and fits squarely within our strategy to make Hybrid IT simple for customers," HPE chief executive Meg Whitman said in a statement. HPE, based in Palo Alto, California, was the result of the November 2015 breakup of computing giant Hewlett-Packard. The group was split between its enterprise unit, HPE, and the personal computer and prin...

As its Boss Moves to Tata HQ, Investors Fret Over TCS Future

16Jan By reutersNo Comments

News

As its Boss Moves to Tata HQ, Investors Fret Over TCS Future

Moving the head of Tata Consultancy Services to the top job at Tata Sons' holding company fills a critical hole for the salt-to-software conglomerate, but it leaves another at its most valuable company ahead of a complex and unpredictable 2017. The promotion of Tata veteran Natarajan Chandrasekaran - the well-regarded, high-performing boss of TCS under whom shares have quadrupled - should be no surprise. But the departure of Chandrasekaran, known as Chandra, from the Tata group's most profitable arm still rattled investors. They sent TCS shares down more than 4 percent on Friday, a day after it also posted better-than-expected quarterly results. "The IT industry is facing headwinds, and shareholders would have preferred Chandra to stay as CEO for some more time," said Souvik Guha, an...

Apple’s Entry into Car Industry Will Help iPhone

14Jan By AdityaNo Comments

News

Apple’s Entry into Car Industry Will Help iPhone

Apple is secretive about Project Titan, its alleged future mobility program. However, considering the recent hiring spree of automotive experts, patent publications related to connected car technology, and the $10 billion spent on research and development, Apple is expected to offer connected, autonomous and shared mobility solution. Frost & Sullivan's Scenario Analysis of Apple's Strategy to Enter the Car Industry discusses the possible products and/or services that Apple could offer through "Project Titan." The analysis also explores the rationale behind Apple's interest in the automotive industry and details the most probable service and/or product that is Apple is expected to release by 2021. "Apple has a long way ahead before its autonomous vehicle becomes a reality. With au...

When Google CEO Sundar Pichai Thought “Abey Saale” Was Friendly Greeting

5Jan By AdityaNo Comments

News

When Google CEO Sundar Pichai Thought “Abey Saale” Was Friendly Greeting

Abey Saale is how Googles tactful and tactical chief executive Sundar Pichai had yelled out to a friend across the mess at his alma mater, IIT- Kharagpur more than two-and-half-decades back thinking its a way of greeting people. Chennai-born Pichai, who returned to his alma mater after 23 years, said his comment led to "temporarily" shutting down of the mess. "I came from Chennai. I learnt Hindi in school but I never spoke it much. So, just listening to how people are speaking, I just thought you address people this way. So one day, there was someone in the mess and I had to call him. I called him Abey Saale," he reminisced to an audience of over 3,000 people. "In the first couple of weeks, I thought you call people that way. Next thing I know is the folks in the mess were quite u...

5Jan By PriyankaNo Comments

INDIA

Indian Software Company Launched Toll Free Helpline For GST Related Queries

Software development company KDK Softwares has launched a national toll-free helpline service for resolving GST-related queries. The toll-free helpline number (1800 103 9271) will be available in six languages like English, Hindi, Gujarati, Marathi, Kannada and Malayalam. The helpline service was inaugurated by Rajeev Swarup, Principal Secretary, Small Industries, government of Rajasthan. "As the GST will be rolled out soon, small industries will be looking for helping hands on transition from multiple taxes and filing of returns with separate departments (VAT) to one tax (GST). Unlike the existing return processes, GST requires to be filed every month by businessmen which will make it easier once the 'hands on' processes are set," Swarup said at the launch. "The helpline is a ...

4Jan By NitishNo Comments

ACQUISITION

HCL Completes Acquisition of Butler America Aerospace

IT services major HCL Technologies today said it has completed its USD 85 million acquisition of Butler America Aerospace. The all-cash deal, announced in October last year, will strengthen HCL Technologies' position in the aerospace and defence engineering services space. "The acquisition has been completed with effect from January 3, 2017," HCL said in a filing to the BSE. Butler Aerospace provides engineering, design services and aftermarket engineering services to US aerospace and defence customers, serving them in areas of mechanical and structural design, electrical design, tool design and aftermarket engineering services. The acquisition excludes staffing business of Butler America Inc. Butler America Aerospace had revenues of USD 85.4 million for the year ended December 31...

IBM Names Karan Bajwa as Managing Director of India Operations

4Jan By NitishNo Comments

News

IBM Names Karan Bajwa as Managing Director of India Operations

IBM today announced the appointment of Karan Bajwa as Managing Director of IBM India Pvt. Ltd, succeeding Vanitha Narayana who is appointed as Chairman of IBM India Pvt. Ltd. These leadership announcements further demonstrate IBM’s commitment in the region. Karan joined IBM in 2016 as Executive for Strategy and Transformation in the Asia Pacific region. Prior to this he was the Managing Director, Microsoft India where, besides leading the India business for the company, he also the led the Cloud Transition and the Ecosystem engagement. Prior to that he has served in various roles in Microsoft and Cisco. Karan is not new to IBM, having worked for five years leading IBM’s networking business and based in Singapore from 2001 - 2005. “I am humbled and excited as I take on this role of...

Cognizant Acquires Australian Firm Adaptra For ‘Undisclosed Sum’

17Dec By PriyankaNo Comments

ACQUISITION

Cognizant Acquires Australian Firm Adaptra For ‘Undisclosed Sum’

Nasdaq-listed IT major Cognizant has entered into an agreement to acquire Australia-based consulting, business transformation and service provider Adaptra, for an "undisclosed sum". Generisches levitra online kaufen Sydney-headquartered Adaptra, established in 1998, works with five of the top 10 insurers in Australia and New Zealand. Adaptra specialises in consulting, programme management and implementation of core platforms such as Guidewire to enable insurance companies to drive improvements across areas like underwriting and policy administration. The acquisition would further strengthen Congnizant's insurance, business transformation and platform capabilities, a company statement said. "As part of the acquisition, approximately 100 professionals will join Cognizant. The terms of...

Saksoft Acquires Majority Stake in DreamOrbit

16Dec By AnkitaNo Comments

ACQUISITION

Saksoft Acquires Majority Stake in DreamOrbit

Saksoft Limited, a leading digital transformation company, today announced that it has signed an agreement to acquire majority stake in Bengaluru based DreamOrbit Softech Private Limited (technology solution consulting firm with a focus on providing IT services to the Logistics Industry). With this acquisition, Saksoft will further strengthen its offerings in the Digital space with special emphasis on IoT. Incorporated in 2010, DreamOrbit has been providing specialist technology solutions for the logistics & transportation (including air, land & ocean) enterprises and has offices in Bengaluru (India), Delaware (USA). The company has 230 employees and works with 40+ active customers. Almost all the revenues are offshore driven and cater primarily to the US market with a small portion com...

Global IT firm Ericsson Willing to Mentor Startups in India

1Dec By AdityaNo Comments

News

Global IT firm Ericsson Willing to Mentor Startups in India

Global IT firm Ericsson today said it is willing to extend helping hand to mentor start-ups in India. "The start-up economy in India is booming. In the next couple of years, it will be huge," Ericsson India Global Services managing director Amitabh Ray told Pixr8 on the sidelines of Infocom ICT seminar here. He said Ericsson is studying how the start-up ecosystem is being built in India. "We want to see how the start-ups are doing and what kind of disruptions can it bring. If we find that any start-up needs mentoring, we can think of it," Ray said. When pointed out 99 per cent of the start-ups were failing, he added VCs hire people who were expert in killing companies which do not have a future in order to stop the drainage of resources. To a query, he said Ericsson does not ha...