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Showing posts with label outsourcing. Show all posts
Showing posts with label outsourcing. Show all posts

Sep 30, 2015

Synechron acquires Crossbridge

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Pune, Sep 30: Pune based company Synechron, the largest independent pure-play technology consulting and outsourcing provider for the financial services industry, today announced the acquisition of Crossbridge, a specialist financial services consulting firm based in London.

The acquisition deepens Synechron’s strong financial services expertise and expands its offerings to include Business and IT Transformation, Regulatory Services, Data, and Financial Crime. The deal extensively augments Synechron’s consulting expertise and consolidates its footprint in the London financial services community and the European market.

“This acquisition is an important milestone for us and it has been our major strategic objective to strengthen our presence in London, since starting out in the U.S. financial services industry in the early 2000s,” said Faisal Husain, co-founder and CEO of Synechron.“Crossbridge’s strong financial services capabilities matched with our unparalleled client service promise and acumen across the financial, business and technology sectors make this collaboration an incredibly fruitful opportunity for us to continue servicing our clients with a gold standard.”

Synechron’s aggressive growth strategy combines a foundation of strong organic growth with an acquisition approach to accelerate entry in strategic areas and geographies. The Crossbridge transaction marks the third acquisition in 2015 and a continuation of an effort to enhance the delivery of Synechron’s core values: Customer Satisfaction, Integrity, Excellence, Execution and Agility. Synechron’s previous 2015 acquisitions include:

·       Usable: a NYC-based boutique UI/UX design firm, acquired to strengthen and further expand Synechron’s digital design and user interface/user experience capabilities.

·       TeamTrade: a Paris-based firm specializing in software integration and business consulting acquired to enhance Synechron’s consulting and systems integration expertise.

Speaking about the acquisition, Tony Clark and Richard Squire, Managing Partners of Crossbridge said,“Our clients have been looking to us to rapidly grow the Crossbridge consulting services, capacity and global footprint, so joining forces with Synechron is a great strategic move.

We are delighted to be part of a team with technical depth and scale, which is absolutely well aligned with our Transformation, Regulation, Financial Crime, Data and Digital practice areas. In a rapidly evolving market, we believe that the amalgamation of Synechron's technical consulting focus and Crossbridge's business consulting capabilities creates a leading, full lifecycle financial services consulting proposition.”
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Jan 31, 2014

Wipro Recognized as a Best in Class Outsourcing and Consulting Service Provider for 2014

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wipro
Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company, today announced that it has received Readers’ Choice Awards from Consumer Goods Technology (CGT) magazine. Wipro has been ranked among the Top 4 providers in the 'Outsourcing’ category, a move up by two places from rankings published in January of 2013.

In addition to the list of top providers in each category, CGT also spotlights companies that received special honors from readers. In the Breakout Favorites, Wipro was voted the Customer Experience Leader in the Consulting category, a recognition that identifies the one company that received the highest average user satisfaction rating in a category.

"It is an absolute honor to be ranked favorably in these categories. This clearly reinforces Wipro’s continued commitment and opportunity to the consumer goods market," said Srini Pallia, Senior Vice President & Global Head - Retail, Consumer Goods, Transportation & Govt. Business Unit, Wipro. He added, "Helping our Consumer Goods (CG) customers best understand their consumer is of utmost importance to us. Our vision is to continually innovate and provide transformational capabilities in technology, infrastructure and business operations, to enable CG organisations to create better connections and improve their consumer experience, operational efficiency and profitability."

CGT’s readers recorded their votes on the consumer goods industry’s preferred solutions and service providers across 12 categories, which reflect the vast landscape of IT investment opportunities available today.

Wipro’s Consumer Goods expertise spans areas of Packaged Application Services, Application and Infrastructure Management, Business Process and IT Consulting, Business Intelligence & Data Warehousing. Wipro’s dedicated Consumer Goods practice has deep expertise working with Tier 1 companies in the areas of Sales & Marketing, Value Chain Optimization, Digital Transformation, and Analytics driving Insights, across the Food & Beverage, Home & Personal Care, Apparel & Footwear and Agribusiness & Tobacco segments. Wipro provides Systems Integration, Consulting and BPO services, and some of Wipro’s leading solutions for the consumer goods industry include Promax Trade Promotion Management & Optimization solutions, Market Mix Modelling amongst others.

About Wipro Ltd.

Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of 140,000 serving clients across 61 countries. For more information, please visit www.wipro.com.

About Consumer Goods Technology

Consumer Goods Technology (CGT), an integrated media brand, is the leading resource for consumer goods executives looking to improve business performance. Delivering content in print, online and face-to-face, CGT reaches an audience of more than 76,000 consumer goods executives ranging from managers and directors to VPs and CIOs. CGT also covers all major segments of the consumer goods sector, including Food, Beverage, Packaged Goods, Consumer Electronics and Footwear. For more information on CGT, visit www.consumergoods.com .

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov . We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
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Jul 5, 2012

Capgemini Wins Major IT Application and Infrastructure Services Deal with Bayer Business Services

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Press Release

Mumbai, Maharashtra, India, Wednesday, July 04, 2012 -- (Business Wire India) -- Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, and Bayer Business Services, recently signed a contract for the provision of IT services from India. Bayer Business Services is the global competence center for IT and business services of the Bayer group, a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials, headquartered in Germany. The contract includes global application development and services, as well as infrastructure services including service management and will run over a period of five years. Under the terms of the contract Capgemini will take over the operations of Bayer Business Services' captive IT service center in Mumbai, India, with approx 550 employees. The contract was signed between the legal entities Capgemini Deutschland GmbH and Bayer Business Services GmbH.

During an intensive tender process Capgemini was selected as sole provider out of a range of Indian and global competitors due to its ability to provide a strong solution for offshore services in India through its Rightshore® delivery model, together with a holistic HR solution and its industrialization and rationalization approach. Capgemini will support the global business units of Bayer Business Services by supporting the 120,000 IT users of the Bayer Group worldwide, with a global team primarily from India but also with local support from Germany, USA, Brazil and China.

Stephan Gerlich, Country Group Head, Bayer in India said, "This is a win-win scenario for both the companies. Our employees will benefit enormously from Capgemini's range of services and portfolio mix to further their scope of activities. Capgemini, being a global leader in its field will give them the opportunity to enhance their skills and expertise. We feel very enthusiastic and positive with this new milestone, especially since our talented IT staff will continue to service Bayer Companies in the future as well."

"We are excited about our strategic partnership with Bayer and welcome the 550 transferring team members to the Capgemini family. The Bayer team come with vast business and IT sector knowledge and will support our growth ambitions and transformational programs in India and globally. Our business expertise, global delivery capabilities and our ability to understand the Bayer way of operating all contributed to this successful partnership." Aruna Jayanthi, CEO, Capgemini India.

About Capgemini India

Capgemini in India is more than 37,000 people strong across 7 cities (Mumbai, Bangalore, Hyderabad, Kolkata, Chennai, Pune and Delhi). A pioneer in the IT industry, Capgemini has over 43 years of global expertise collaborating with leading corporations and now brings the Consulting, Technology and Outsourcing experience to India. With dedicated teams to service the local markets, Capgemini has strong domain experience to assist clients across the Government and Public Sector, Energy and Utilities, Manufacturing, Telecom and Financial Services sectors and help them advance in their respective industries. Please visit www.in.capgemini.com for more details.

About Capgemini

With around 120,000 people in 40 countries, Capgemini is one of the world's foremost providers of consulting, technology and outsourcing services. The Group reported 2011 global revenues of EUR 9.7billion. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business ExperienceTM, and draws on Rightshore ®, its worldwide delivery model. Learn more about us at www.capgemini.com.

Rightshore® is a trademark belonging to Capgemini


CONTACT DETAILS
Merrin Netto John, Capgemini India, +91 (22) 66860500, merrin.netto-john@capgemini.com


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