GFT Acquires Rule Financial, Gains Foothold in Costa Rica
By Narayan Ammachchi GFT Technologies is acquiring Rule Financial, a deal that will help the German firm add Costa Rica to its nearshore presence.Besides, the acquisition will add $57 million to GFT’s...
View ArticleSlim Agrees to Buy Back AT&T’s Stakes in America Movil
By Narayan Ammachchi Mexican billionaire Carlos Slim has agreed to buy out AT&T’s $5.6 billion stake in América Móvil, clearing a major hurdle in AT&T’s path to acquire satellite broadcaster...
View ArticleBanco Popular Turns to IBM for Cloud Infrastructure Management
By Narayan Ammachchi U.S. technology giant IBM has wrapped up a 10-year contract with Banco Popular to transform the Spanish bank ’s technology infrastructure and manage a private cloud for it. The...
View ArticleU.S. Equity Firm Acquires Damovo’s Mexican and Brazilian Operations
By Narayan Ammachchi U.S. private equity firm OpenGate Capital has bought out the Mexican and Brazilian operations of European technology firm Damovo, thus expanding its IT services business across...
View ArticleTeleperformance Acquires Aegis USA Inc. for $610 million
Global outsourcing giant Teleperformance has reached a deal to purchase Aegis’ outsourcing operations in the United States, the Philippines and Costa Rica for US$610 million. The deal will see...
View ArticleExpert Global Solutions (APAC) Appoints New CEO and Sells Transworld Systems
By Narayan Ammachchi U.S. outsourcing firm Expert Global Solutions, which only last week announced the appointment of Bob Segert as its new CEO, is selling its subsidiary Transworld Systems, Inc to Los...
View ArticleBearingPoint Enters Strategic Partnership with Argentina’s Grupo ASSA
By Narayan Ammachchi Europe’s technology consulting firm BearingPoint and Argentina’s Grupo ASSA have agreed to team up in a deal that will allow them to share their infrastructure and resources for...
View ArticleGlobal Convergence Inc. Acquires NXO Americas
By Narayan Ammachchi Global Convergence Inc. has announced that it has acquired the operating assets of global services and solutions provider NXO Americas, the North American subsidiary of NextiraOne...
View ArticleWipro Bags IT Outsourcing Contract and Acquires ATCO’s IT Services Arm
By Narayan Ammachchi Indian outsourcing firm Wipro has announced that it has acquired the IT service arm of Canada’s business conglomerate ATCO and, in addition, bagged a 10-year IT outsourcing...
View ArticleChina’s Alibaba Signs Postal Deal to Fuel Trade With Brazil
By Narayan Ammachchi China’s retailing giant Alibaba Group has partnered with Correios, Brazil’s state-owned postal service, in a deal that will give Brazilian businesses access to Chinese consumers....
View ArticleEXL Teams up With Carvajal and Expands into Latin America
By Narayan Ammachchi Global outsourcing firm EXL Services has expanded into Latin America by acquiring a majority stake in the BPO unit of Colombian technology services firm Carvajal Tecnologia y...
View ArticleMillicom and EPM Merger in Colombia Finally Receives Approval
By Narayan Ammachchi More than a year after its announcement, Millicom has won approval from Colombian regulators for its proposed merger with the Andean country’s fixed-line telecom operator Empresas...
View ArticleSutherland Takes Piece of 800-Flowers Customer Care
By Narayan Ammachchi United States’ floral and gift retailer 1-800-Flowers.com, Inc has outsourced its customer care service to Sutherland Global Services (SGS). Financial details of the deal have not...
View ArticleHitachi to Outsource Finance & Accounting Operations to Genpact
By Narayan Ammachchi Genpact has landed an outsourcing contract to take over the finance and accounting (F&A) operations of Japanese manufacturing conglomerate Hitachi. The deal will make Genpact...
View ArticleBrazil’s Tivit Acquires Chile’s IT Integrator Synapsis
By Narayan Ammachchi Tivit has agreed to acquire Chile’s technology integrator Synapsis for US$150 million in a deal that will make the Brazilian firm a dominant player in Latin America’s information...
View ArticleIndia’s Zensar Acquires US-based Professional Access
By Narayan Ammachchi Indian software services and BPO firm Zensar Technologies has announced the acquisition of New York City-based e-commerce solutions provider Professional Access. Financial details...
View ArticleSurvey Reveals Outsourcers Cannot Afford to be Complacent
By Timothy Wilson A recent survey from KPMG has found a significant amount of dissatisfaction on the part of outsourcing clients – as well as a willingness to change providers. In fact, almost a...
View ArticleIT Sector Receives Most Foreign VC Investment in Latin America
By Narayan Ammachchi Private equity and venture capital investments in Latin America totaled US$3.5 billion in the first half of 2014, with the information technology sector being the largest recipient...
View ArticleCognizant Moves Deeper into US Healthcare Sector With Acquisition of TriZetto
By Narayan Ammachchi Cognizant has wrapped up a deal to acquire U.S. software maker TriZetto Corp for US$2.7 billion, a deal analysts predict will help the outsourcing giant gain a large share of the...
View ArticleCognizant Buys US Healthcare Tech Services Provider Cadient
By Narayan Ammachchi Cognizant has snapped up yet another U.S.-based healthcare technology services provider. In a statement issued early Tuesday, the outsourcing giant said it was acquiring Cadient...
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