Deals

Central Bank of India and Wipro sign 5 year Strategic Partnership
Central Bank of India, one of the largest Public Sector Banks in India and IT major, Wipro, have reached a 5 year total outsourcing agreement to provide state-of-the-art, technology-driven, core banking solution for seven sponsored Regional Rural banks.
http://www.wipro.com/corporate/media/newsdetail.aspx?id=1667

Mahindra Satyam wins multi-million order
Indian outsourcing firm Mahindra Satyam has won a multi-million dollar technology services deal from a large health insurer.
http://www.business-standard.com/india/news/mahindra-satyam-wins-multi-million-order/107497/on

WNS Awarded Multi-Services Contract With IHG
WNS, a provider of business process outsourcing services, has entered a contract to deliver analytics and customer care services for IHG (InterContinental Hotels Group).
http://www.globalservicesmedia.com/News/Home/WNS-Awarded-Multi-Services-Contract-With-IHG/21/27/10003/GS100901318733

Wipro chosen as a strategic partner to implement Oracle JDEdwards Enterprise One 9.0 for Groupo Arcor, Argentina’s largest confectionery
Wipro Technologies, the global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE:WIT), has been chosen as a strategic partner for completing the implementation of Oracle JDEdwards Enterprise One 9.0 for Groupo Arcor, the world’s leading candy manufacturers and one of the largest companies in Latin America.
http://www.wipro.com/corporate/media/newsdetail.aspx?id=1673

TCS and SUPERVALU Announce a Strategic Partnership for Full Services
SUPERVALU is one of the largest grocery retailers in North America. The engagement with TCS is transformational in nature and will drive operational efficiencies for the firm through the integration of IT, BPO and infrastructure services. As a part of this engagement, more than 600 SUPERVALU India associates will become a part of TCS.
http://www.tcs.com/news_events/press_releases/Pages/TCS-SUPERVALU-Strategic-Partnership-Full-Services.aspx

Genpact Renews Contract with ICBC Leasing
Genpact Limited (NYSE: G) has reached an agreement with ICBC Leasing Co., Ltd, a wholly-owned subsidiary of Industrial and Commercial Bank of China, to extend a two-year contract signed in 2008 for six months so as to further strengthen development of ICBC Leasing’s financial and IT facilities, solidify existing achievements and facilitate the support of a corporate information system.
http://www.genpact.com/home/aboutgenpact/press-releases/renews-contract-with-ICBC.aspx

M&A, Partnerships, JV

TCS' UK subsidiary buys Unisys Insurance
Diligenta, the UK subsidiary of India's largest information technology services company, Tata Consultancy Services (TCS), acquired Unisys Insurance Services (UISL) from Unisys Corporation, in lieu of which the company received business worth £250 million (Rs 1,800 crore) for the next six years.
http://www.business-standard.com/india/news/tcs%5C-uk-subsidiary-buys-unisys-insurance/406699/

Accelya may buy stake in Kale Consultants
Accelya Holding World S.L., a European IT and BPO service provider, has signed an agreement with Kale's promoters, Narendra Kale and Vipul Jain, to acquire their entire shareholding at a price of Rs.172 a share.
http://www.thehindu.com/business/article625403.ece

Hewlett-Packard buying ArcSight for $1.5 bn
Hewlett-Packard Co. has agreed to buy the security software provider ArcSight for about $1.5 bn.
http://economictimes.indiatimes.com/tech/ites/Hewlett-Packard-buying-ArcSight-for-15-bn/articleshow/6547859.cms

News & Events

Diligenta strengthens its position in the UK with £250 million life and pensions business wins
Diligenta, a leading business process outsourcing (BPO) provider in the UK and a subsidiary of Tata Consultancy Services (TCS) , has reached major business wins with The Phoenix Group and Old Mutual International following the transfer of Unisys Insurance Services Limited’s (UISL) UK life and pensions services business to Diligenta.
http://www.tcs.com/news_events/press_releases/Pages/Diligenta-strengthens-UK-position-life-pension-business-wins.aspx

Infosys to expand back office operations in Poland
Infosys Technologies is set to expand its back office operations in Poland in the next two years to offer business process outsourcing (BPO) services to more European and global clients.
http://sify.com/finance/infosys-to-expand-back-office-operations-in-poland-news-default-kjgukcggaeh.html

Mastek UK delivers first project to PlusOne since acquisition of Kognitio data migration offering
The Data Factory Tool Kit (DFTK) and data migration methodology acquired by Mastek have been used to deliver the migration of over 30,000 live monthly household insurance policies for PlusOne Services, an insurance administration company.
http://www.mastek.com/press-release/media/mastek-uk-first-project-1819.html

Sonata Software promoters look to exit company
The promoters of mid-size IT firm Sonata Software are in talks to sell their stake in the firm. The Rajan Raheja group and Bhupati Investments Finance, promoters of the firm, have appointed KPMG to manage the process.
http://economictimes.indiatimes.com/tech/ites/Sonata-Software-promoters-look-to-exit-company/articleshow/6550116.cms

Awards

Infosys BPO wins CMO Asia Awards 2010 for Excellence in Branding & Marketing
Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies has won the CMO Asia Awards 2010 for Excellence in Branding & Marketing. This award recognizes organizations for their branding, client and employee level communication initiatives.
http://www.infosys.com/newsroom/press-releases/Pages/branding-marketing-awards2010.aspx

Analyst/Reports

Worldwide Offshore Key Horizontal BPO Services 2010–2014 Forecast
This IDC study represents IDC's estimates and projections for spending on key horizontal BPO services provided by offshore companies for 2010–2014.
http://www.idc.com/getdoc.jsp?containerId=224660&sessionId=BFD7470C36B67B7D2802947D0D71C714