iGate bags $80 million contract from Orange Communications

iGate bags $80 million contract from Orange Communications

Deals & Contracts, Outsourcing News/ PR
BANGALORE: iGate has secured a $80 million outsourcing contract from Orange Communications to transform the telecom provider's IT infrastructure and rationalize its vendor landscape in Switzerland.Orange mobile network covers 99% of the population in Switzerland. Under the terms of the agreement, iGate will transform and manage all enterprise systems, including ERP, business intelligence, infrastructure and data network & telephony services.iGate will also provide Infrastructure as a service for Orange Switzerland and specific partners - as well as a multilingual service desk to monitor and report all vendor performance metrics. The data centre is operated through Equinix in Zurich where iGate also has contracts with other Swiss companies from the finance and insurance sectors. Derek Kemp, EVP and head of Europe and Australia in iGate said, "We are excited to begin…
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Virtusa expands European operations with TradeTech buyout

Virtusa expands European operations with TradeTech buyout

Locations, Outsourcing News/ PR
US-based IT consulting, technology implementation and application outsourcing services provider, Virtusa Corporation, has expanded its footprint in Europe with the acquisition of Swedish outsourcing and consulting firm TradeTech Consulting Scandinavia AB. The Nasdaq-listed company, which has its global delivery centres at Hyderabad and Chennai in India, has acquired all the outstanding shares of TradeTech for approximately $20 million cash, and up to $4 million in earn-out consideration upon TradeTech’s achievement of certain revenue and profit milestones for the 2014 calendar."The complementary expertise that TradeTech delivers will help increase our total addressable market and provide our combined client base with expanded service offerings. In addition, this acquisition is an important step in establishing Virtusa in Nordic (Denmark, Finland, Iceland, Norway and Sweden) countries and providing a broad set of consulting and…
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