Skip to main content

Infosys acquires SAP consulting firm Axon Group for £470 Million!

And so it begins…

An acquisition of this kind, whereby one of the Indian IT giants acquires a sizeable Western IT services provider, has long been predicted.

Factors such as currency fluctuation, employee churn and the rise of alternate offshore destinations are threatening to curtail the phenomenal success of the Indian IT outsourcing industry.

Companies such as Infosys, Wipro and TCS are therefore eager to increase the value of the contracts they can offer their Western clients, moving from application development donkey-work to the kind of consultative partnership that the likes of Accenture and IBM have with their clients.

To do this, however, requires local presence and a caliber of consultant that their vast software campuses are not yet geared to producing. And while they have cash in reserves and the rupee is strong, now is an ideal time for Indian IT providers to buy those in.

Analysts predict that Infosys’ Axon deal will be the first of many ‘outbound’ acquisitions by Indian IT companies.

"We expect such a trend to continue and we believe the transaction by Infosys would act as a catalyst for similar moves by other Indian IT companies", Manoj Agarwal, ABN AMRO's Head of Investment Banking for India told The Economic Times.



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

Splunk that!

Saw this advert on Slashdot and went on to look for it and found the tour pretty neat to look at. Check out the demo too! So why would I need it? WHY NOT? I'd say. As an organization grows , new services, new data comes by, new logs start accumulating on the servers and it becomes increasingly difficult to look at all those logs, leave alone that you'd have time to read them and who cares about analysis as the time to look for those log files already makes your day, isn't it? Well a solution like this is a cool option to have your sysadmins/operators look at ONE PLACE and thus you don't have your administrators lurking around in your physical servers and *accidentally* messing up things there. Go ahead and give it a shot by downloading it and testing it. I'll give it a shot myself! Ok so I went ahead and installed it. Do this... [root@tarrydev Software]# ./splunk-Server-1.0.1-linux-installer.bin to install and this (if you screw up) [root@tarrydev Software]# /op
Post a Comment
Read more