Atos Acquires IT Outsourcing Unit of Xerox
By Narayan Ammachchi French outsourcing firm Atos has agreed to acquire the IT outsourcing unit of Xerox for just over $1 billion in a deal that widens its operation significantly in the Americas. The...
View ArticleWPP Acquires Majority Stake in Peruvian Digital Agency
By Narayan Ammachchi British advertising giant WPP has announced that its subsidiary Wunderman has acquired a majority stake in Peruvian digital marketing firm Binarix (Phantasia). WPP did not disclose...
View ArticleAlorica Acquires West Corporation’s Agent Services Businesses
By Narayan Ammachchi Alorica is acquiring several of Omaha-based West Corporation’s agent services businesses for US$275 million, in a deal that will add 1,500 employees to the BPO provider in the...
View ArticleChina to Invest $250 Billion in Latin America in Next 10 Years
By Narayan Ammachchi China says it intends to invest as much as US$250 billion in Latin America over the next ten years, funding projects in the fields of energy, infrastructure development, innovation...
View ArticleVXI Global Solutions Acquires Software Testing Firm Symbio
By Narayan Ammachchi VXI Global Solutions has acquired Finnish software testing services firm Symbio SA from the European private equity firm Capman Group. Financial details of the deal are yet to be...
View ArticleDigicel Acquires the Bermuda Telephone Company
By Narayan Ammachchi Digicel has agreed to acquire the Bermuda Telephone Company (BTC) in an attempt to keep up with Cable and Wireless, who bought Caribbean’s dominant telecom capacity vendor Columbus...
View ArticleIntuit Acquires Brazil’s Accounting Software Vendor ZeroPaper
By Narayan Ammachchi Intuit has agreed to acquire its Brazilian rival ZeroPaper in a deal that will give the U.S. accounting software vendor wide access to the lucrative market of small &...
View ArticleAT&T Ramps Up Expansion into Mexico with Acquisition of Nextel
By Narayan Ammachchi AT&T has bought out another Mexican telecom firm, Nextel Mexico, quickly consolidating its position in the country where billionaire businessman Carlos Slim’s telecom firms...
View ArticleBrazilian IT Firm Stefanini Merges with HMI Engineering
By Narayan Ammachchi Stefanini has merged with a local engineering and technology services provider IHM Engenharia in a deal that will significantly expand the Brazilian IT firm’s service offering....
View ArticleMercadoLibre Acquires Argentine Software Developer Bvision
By Narayan Ammachchi Latin American e-commerce group MercadoLibre has acquired Argentine software firm Bvision, although financial details of the deal have not been made public Under the deal, all 130...
View ArticleArkadin Expands into Colombia with Acquisition of T-Uno
By Narayan Ammachchi Communication technology solutions vendor Arkadin, a subsidiary of Japanese telecom giant NTT Communications, has expanded to Colombia with the acquisition of local firm T-Uno....
View ArticleInfosys Acquires Panaya for its Automation Technology
By Narayan Ammachchi Indian information technology giant Infosys has acquired its American rival Panaya for US$200 million. New Jersey-based Panaya is a Software as a Service (SaaS) company, whose...
View ArticleUS Firm to Help Cuba Bolster its Telecommnications Network
By Narayan Ammachchi U.S. company IDT Domestic Telecom has signed an agreement with Cuba’s state-run telecom firm Etecsa to provide a direct connection between the two countries. If approved by the...
View ArticleHP Lands Multi-Billion Dollar Outsourcing Deal with Deutsche Bank
By Narayan Ammachchi Deutsche Bank has outsourced a large part of its IT infrastructure to Hewlett-Packard in a deal that will help it cut costs, besides injecting agility into its operation. It is a...
View ArticleAccenture Acquires Brazilian Data Analytics Provider Gapso
By Narayan Ammachchi Accenture has agreed to acquire Brazil-based Gapso, a firm that provides data analytics services with a focus on supply chain and logistics applications. Analysts say the deal will...
View ArticleAllied Global Acquires Canada’s Alliance iCommunications
By Narayan Ammachchi Allied Global has snapped up another contact center service provider in North America. This time its pick is Alliance iCommunications based in Ontario, Canada. The acquisition adds...
View ArticleBanco Popular Close to Buying Citibank Units in Central America
By Narayan Ammachchi U.S. banking giant Citigroup is reportedly close to reaching a deal to sell its consumer banking units in five Central American countries, including Costa Rica, with Spanish...
View ArticleTech Data Corporation Sells of its Business Units in Peru and Chile
By Narayan Ammachchi Tech Data Corporation has sold off its business operations in Chile and Peru to Ingram Micro and announced that it might exit Uruguay as well. Despite operating for the past 16...
View ArticleTMF Group Buys PricewaterhouseCoopers’ Brazilian BPO Unit
By Narayan Ammachchi U.S. professional services firm PricewaterhouseCoopers (PwC) has sold its Brazilian outsourcing arm Apriori to the TMF Group, apparently to phase out BPO operations and focus on...
View ArticleHonduran Banking Group Acquires Citi’s Nicaraguan Unit
By Narayan Ammachchi Grupo Financiero Ficohsa, the financial group of Honduran Capital with headquarters in Panama, has agreed to fully acquire Citibank’s consumer banking unit in Nicaragua. Financial...
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