Skip to main content

Global Sourcing: TCS to snatch Citigroup BPO under IBM's nose!

CGSL is mostly into transaction processing and call centre processing which suits TCS. The Tata group company pulled out of Intelenet, a third party BPO backed by Blackstone, as it wanted to exit from the voice-based BPO sector. Its MD S. Ramadorai had earlier said that Intelenet’s focus did not fit into TCS’ BPO strategy which was focussed on transaction processing, e-mail processing and call centre processing.

Both Citigroup and TCS declined to comment on the development. “At Citi, we follow the policy of not commenting on market rumours and speculation. Accordingly, we are unable to respond to your request.” said a Citi spokesperson in an e-mailed response. A TCS spokesperson said “As a policy, TCS does not comment on market speculation.”

IBM was the other contender for the captive BPO unit, said another source. IBM was also believed to be keen on acquiring Citos, the technology and infrastructure outsourcing arm of Citigroup. “ But Citi intends to sell CGSL first. And IBM found the pricing for CGSL too high”, the source said.


Source
Labels:

Comments

Post a Comment

Popular posts from this blog

Security: VMware Workstation 6 vulnerability

vulnerable software: VMware Workstation 6.0 for Windows, possible some other VMware products as well type of vulnerability: DoS, potential privilege escalation I found a vulnerability in VMware Workstation 6.0 which allows an unprivileged user in the host OS to crash the system and potentially run arbitrary code with kernel privileges. The issue is in the vmstor-60 driver, which is supposed to mount VMware images within the host OS. When sending the IOCTL code FsSetVoleInformation with subcode FsSetFileInformation with a large buffer and underreporting its size to at max 1024 bytes, it will underrun and potentially execute arbitrary code. Security focus
Post a Comment
Read more

Virtualization: GlassHouse hopes to cash in with its IPO!

GlassHouse Technologies Inc. on Tuesday registered to raise as much as $100 million in an initial public offering that, despite the company's financial losses, could prove a hit with investors drawn to its focus on "virtualization" technology. The Framingham, Mass., company offers consulting services for companies that use virtualization software to improve the performance of corporate servers and cut costs in their data centers. GlassHouse also provides Internet-based data storage. "Software-as-a-service," or SaaS, companies and vendors of virtualization products have proved popular among investors in recent years as corporate customers seek alternatives to conventional packaged software. GlassHouse, with roots in both sectors, will test the strength of that interest, said Peter Falvey, managing director with Boston investment bank Revolution Partners. "It will be a bit of a bell weather," he says. "It's not as though it's the 15th SaaS m...
Post a Comment
Read more