Outsourcing

326 articles tagged with this keyword

/Outsourcing

TietoEnator slumps as bid talks end

Shares in Scandinavian IT services vendor TietoEnator slumped in morning trading after it said talks with potential suitors had ended without any firm offers.

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Credit crunch to boost demand for outsourcing - report

The credit crunch will drive a wave of outsourcing and offshoring in financial services as cash becomes tighter and banks look to cut costs, according to a UK study.

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Robeco terminates Ordina IT outsourcing deal

Dutch asset manager Robeco has terminated a 10-year outsourcing agreement with ICT services firm Ordina following a disagreement over the platform selected to manage its back office processes.

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Accenture wins Icap outsourcing deal

London-based interdealer broker Icap has awarded a five year contract to develop and maintain its European Union credit trading platform to technology consultancy Accenture.

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TietoEnator slumps as Nordic Capital sells stake

Shares in Scandinavian IT services vendor TietoEnator have slumped on news that Nordic Capital's bid vehicle Cidron Services has sold off a 4.4% holding in its business.

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HP acquisition plans benefit Mphasis

HP's planned acquisition of EDS drove shares in Indian outsourcing specialist Mphasis up 18.84% last week. The firm, 62% owned by EDS, led the gainers in a strong week for the Finextra 50 Financial Technology Index, which closed up four per cent to 88.69. i-Flex and Broadridge also saw significant rises while Thomson Reuters shares experienced their biggest one-week gain since the merger completed. S1, Microgen and Bravura were the only companies to buck the trend last week and record significant share price falls.

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TietoEnator shareholders look to block Nordic Capital bid

A group of shareholders that hold a combined 10.4% stake in TietoEnator have stated that they will not accept Nordic Capital's EUR15 per share offer for the IT services firm.

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Lloyds TSB offshores 450 IT jobs

UK bank Lloyds TSB is transferring up to 250 permanent IT jobs and 200 contractor positions to offshore centres in India.

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HP to acquire EDS

Hewlett Packard (HP) has confirmed that it is acquiring IT services firm Electronic Data Systems (EDS) in a deal worth around $13.9 billion.

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Bank of New York Mellon buys Lamp Technologies

Bank of New York Mellon has acquired Lamp Technologies, a Dallas-based provider of back office accounting and administration services to alternative investment firms. Financial terms of the deal have not been disclosed.

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Outsourcing and offshoring take centre stage at Finexpo

Finexpo - Outsourcing Strategies, a new one-day conference and exhibition from Finextra on 5 June in London will feature keynote presentations from Deutsche Bank, IBM and Société Générale. It will also feature panel discussions covering best practice and the latest outsourcing trends on the sell-side and buy-side - from business processes such as trade execution, risk management and analysis through to back-office processing, infrastructure and application development.

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Nordic Capital extends offer for TietoEnator

Private equity firm Nordic Capital has extended the offer period for its EUR15 per share bid for IT services firm TietoEnator after the European Commission (EC) gave the deal the greenlight.

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Australian union calls on government to halt offshoring

Australia's Financial Sector Union (FSU) has called for the country's government to act to prevent banks from shifting jobs to overseas centres amid concerns that Westpac is looking to offshore more work.

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Inconsistent PSD implementation threatens Sepa project- Logica

Disparities in the implementation of the European Payments Services Directive (PSD) across EU borders may lead to a reinforcement of national payments networks and undermine the push for a single euro payments area (Sepa), says a new report from IT services firm Logica.

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Wincor Nixdorf takes majority stake in prosystems IT

Wincor Nixdorf has taken a 51% controlling stake in prosystems IT, a provider of outsourcing services to German savings banks. Financial terms of the deal were not disclosed.

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IBM wins Cetelem IT services deal

BNP Paribus subsidiary Cetelem has signed a $2.8 million information technology services deal with IBM to support its operations in Argentina.

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TietoEnator rises on EDB merger rumours

Shares in Nordic IT services firm TietoEnator gained in morning trading following press reports that the company could be merged with rival EDB Business Partners if it is acquired by private equity outfit Cidron Services.

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Banks switching to 'process utilities' service model to cut costs - study

More than a third of the cost-reduction measures implemented by financial institutions in the past three years have failed to deliver the required savings and as a result banks are turning to a new process utility model based around the concept of shared services, to boost efficiency, says consultancy Booz Allen Hamilton.

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Portrait to buy Norwegian CRM outfit Million Handshakes

UK CRM vendor Portrait Software has agreed terms to acquire Million Handshakes, a Norway-based provider of outbound campaign management and marketing software.

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TietoEnator rejects EUR1.1bn bid

Nordic IT services firm TietoEnator has rejected an unsolicited EUR1.1 billion takeover bid from private equity outfit Cidron Services as too low.