Retail Solutions Continues its Global Expansion with New India-Based Partnership and Subsidiary Office

Retail Solutions Continues its Global Expansion with New India-Based Partnership and Subsidiary Office

M&A/ Alliances, Outsourcing News/ PR
MOUNTAIN VIEW, Calif. and PUNE, India - Retail Solutions Inc. (RSi), a global provider of cloud-based, Big Data analytics and real-time intelligence for the consumer-products industry, today announced the formation of a new subsidiary being formed in Pune, India. The company will go by the name RSi Retail Solutions India Pvt. Ltd., and will be led by Managing Director Narayan Menon reporting to David Sun, General Manager of RSi's APAC division. RSi also announced today that it has entered into a major outsourcing agreement with Cybage Software Pvt. Ltd., a well-respected product engineering and IT services company with 200 active customers, five global development centers and organic five-year growth of 15 percent.  Cybage Software will assist with product development efforts managed by the RSi subsidiary. "Three years ago, RSi set…
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Ciklum and VersionOne Announce Strategic Partnership

Ciklum and VersionOne Announce Strategic Partnership

M&A/ Alliances, Outsourcing News/ PR
Ciklum, one of Europe's leading providers of nearshore IT outsourcing and Agile / IT consulting services, and VersionOne, recognized by agile practitioners as the leader in agile project management tools, have formed a strategic partnership. This cooperation aims to support an ambitious program to help Ciklum's enterprise-level clients adopt and scale agile software development initiatives more efficiently and successfully. The partnership combines Ciklum's extensive experience in agile business transformation and VersionOne's strong agile management platform. VersionOne's solutions will allow Ciklum to provide the leading agile project management platform to complement its services and support for the enterprise clients with multiple teams, departments and locations being involved in R&D. "Strengthening our cooperation with an industry leader like VersionOne will enable Ciklum to enhance our support to the growing number of enterprise…
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UST Global Acquires Testhouse Consultores S.A. to Bring Application Manages Services to Spanish Clients

UST Global Acquires Testhouse Consultores S.A. to Bring Application Manages Services to Spanish Clients

M&A/ Alliances, Outsourcing News/ PR
UST Global announced today it has acquired Testhouse Consultores S.A, the Spanish subsidiary of the UK-based quality assurance service provider, Testhouse Limited.  The acquisition enables UST Global to leverage Testhouse Consultores S.A.’s existing service agreements with key Spanish clients and shortens the time-to-market in Spain. Testhouse Consultores S.A. has an impressive track record of working with major organizations in Spain across banking, telecommunications, the public sector, transportation, pharmaceuticals, IT, hospitality, media, and government. This partnership brings with it an opportunity to service client requirements beyond quality assurance services that exist in the Spanish market. UST Global seemed a perfect complement to Testhouse Consultores, with its range of services, growth philosophy, and global reach--especially the availability of Spanish speaking talent at its Mexico development center. With this partnership, UST Global will…
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Kumar Birla to sell Minacs for Rs 1.6k cr

Kumar Birla to sell Minacs for Rs 1.6k cr

M&A/ Alliances, Outsourcing News/ PR
MUMBAI/BANGALORE: The $40-billion Aditya Birla Group is close to selling its Bangalore-based business process outsourcing (BPO) firm Minacs to a private equity consortium structured by tech entrepreneur-turned-investor Sanjay Chakrabarty for about $270 million, or around Rs 1,600 crore, said people directly familiar with the matter. This would mark the Kumar Mangalam Birla-led group's exit from ITeS sector, where most of the traditional Indian business conglomerates have struggled to manage large operations. Minacs, which employs 21,000 people across 35 locations in the world, is the country's sixth largest BPO firm, according to Nasscom rankings. Aditya Birla Minacs Worldwide has a revenue of $450 million and an operating profit of $40 million. The bid values the company at six to seven times its operating profit even though Birla's asking price was slightly…
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Accenture to Expand Its Salesforce Capabilities in Europe with Acquisition of ClientHouse

Accenture to Expand Its Salesforce Capabilities in Europe with Acquisition of ClientHouse

M&A/ Alliances, Outsourcing News/ PR
JENA, Germany - Accenture (NYSE:ACN) today announced plans to expand its Salesforce capabilities in Europe by entering into an agreement to acquire ClientHouse, an independent provider of salesforce.com and Veeva Systems solutions based in Jena, Germany. The acquisition will strengthen Accenture's position as a leading global provider of Salesforce implementation services and as a global leader in Software as a Service (SaaS) implementations. ClientHouse is a salesforce.com Cloud Alliance Partner and operates one of the longest-standing Salesforce training centers in Europe. The company is also a strategic alliance partner of Veeva Systems, which offers cloud-based CRM solutions tailored to the needs of the life sciences and biotech companies. The acquisition will broaden the range of skills and capabilities Accenture can offer to clients in life sciences and other industries to…
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SapientNitro buys Miami-based creative agency La Comunidad

SapientNitro buys Miami-based creative agency La Comunidad

M&A/ Alliances, Outsourcing News/ PR
In a global move rooted in Miami, creative giant SapientNitro announced Wednesday it has acquired Miami-based La Comunidad, an agency known for award-winning cross-cultural campaigns. Terms of the deal were not disclosed. Founded in 2001 by brothers Jose and Joaquin Molla, La Comunidad is renowned for its campaigns for brands such as Time Warner Cable, Corona, Sauza Tequilas, Converse, MTV, Subway and Virgin Mobile. It has about 75 employees in its Miami office and 35 in its Buenos Aires office. “To get to the next level, we needed help and this is the best scenario possible,” said Joaquin Molla, in a phone interview with his brother on Wednesday. “We are joining forces with a company that has technology in its veins. At the same time, they have values and care…
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Aegis to take over Symphony Assets for Rs 43 crore by March

Aegis to take over Symphony Assets for Rs 43 crore by March

M&A/ Alliances, Outsourcing News/ PR
NEW DELHI: Aiming to expand its footprint in Southeast Asia, China, Korea and Japan, the US $ 39 billion Essar Group's business process outsourcing arm Aegis will acquire Malaysia-based BPO firm Symphony Assets. The deal, which was entered into earlier this month, is expected to be closed by March this year. It has been signed between an Aegis subsidiary, Essar Services Mauritius, and Symphony House Berhad, which wholly owns Symphony Assets. This will be Aegis's 19th acquisition. "Aegis is in final talks to acquire the BPO operations in Malaysia of Symphony House Berhad, a leading Malaysian IT firm. The deal is worth 22.71 million Malaysian Ringgit (about Rs 43 crore)," a source close to the development said. The acquisition will help Aegis not only gain a foothold in Southeast Asia…
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Tech Mahindra BPO scouts for acquisitions in healthcare, engineering services

Tech Mahindra BPO scouts for acquisitions in healthcare, engineering services

M&A/ Alliances, Outsourcing News/ PR
The business process outsourcing (BPO) arm of IT company Tech Mahindra is scouting for acquisitions to strengthen its presence across identified verticals, Sujit Baksi, CEO of the company’s business services group or BPO division, told VCCircle. “We are looking for inorganic growth specifically for healthcare and lifesciences vertical. We preferably want to acquire platform-based companies as they attain high profits because they rely on platform rather than labour,” said Baksi. He informed that the company is also open to acquisitions for niche capabilities in the aviation and engineering services domain as well. The BPO division of Tech Mahindra has six verticals at present: Banking Financial Services and Insurance (BFSI), Manufacturing, Retail, Healthcare and Lifesciences, Telecom & Hi Tech. It employs around 22,000 people and has annual revenues of around $270…
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Birlasoft buys US’ EnablePath

Birlasoft buys US’ EnablePath

M&A/ Alliances, Outsourcing News/ PR
Birlasoft, mid-sized information technology services company of the $1.2-billion C K Birla group, has taken the inorganic route to increase delivery capabilities and expertise in the high-end cloud consulting services in the customer relationship management (CRM) business. On Monday, it announced it had bought Atlanta, US-based EnablePath, a fast growing CRM software provider, for an undisclosed amount. "We are open to more such strategic acquisitions to strengthen our analytics, mobility and supply chain capabilities," said Preeti Das, chief executive officer (CEO). The company has roped in investment banks to draw a list of companies for possible acquisition or strategic alliances. The strategy is to buy, align and grow, company executives said. A special team, Office of Strategy Management, works closely with CEO’s office for this, executives added. This is a…
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Customer services provider Convergys to buy Stream Global

Customer services provider Convergys to buy Stream Global

M&A/ Alliances, Outsourcing News/ PR
Customer management services provider Convergys Corp (CVG.N) said it would buy rival Stream Global Services Inc from its private equity owners for $820 million in cash in its largest ever deal to expand its client base and international presence. Shares of Cincinnati, Ohio-based Convergys jumped 20 percent after the bell on Monday.Stream's STRGB.UL clients include Hewlett-Packard (HPQ.N), Microsoft Corp (MSFT.O), Dell Inc, Salesforce.com Inc (CRM.N), Western Digital Corp (WDC.O) and Nike Inc (NKE.N).The deal is expected to add 35 cents to profit, excluding items, in the first year after closing, Convergys said.The company reported per-share earnings of 86 cents for the year ended December 31, 2012. The combined company is expected to exceed $3 billion in revenue, said Convergys, whose top customers include AT&T Inc (T.N) Comcast Corp (CMCSA.O) and…
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