The SSON Daily News: March 26, 2015

March 26th, 2015 Tech Mahindra eyes captive BPO unit worth Rs 500 crore; eyes $5 billion in revenues The Pune-based company has been actively looking at acquisitions to get up to $5 billion (about Rs 31,170 crore) in revenue. Outsourcing Mount Charles announces 21% surge in its revenue The Belfast-based group -which works in areas from security to cleaning, catering and vending machines - said revenue had grown by 21% in the past 12 months, and by 40% in the last two years. Lexmark Steps Up Its Play to Organize Your Office With Kofax Buy Under the terms of the merger agreement, Lexmark will acquire all of the outstanding shares of Kofax for $11 a share in cash for a total enterprise value of approximately $1 billion, net of cash acquired. March 24th, 2015 Wayne State's shared-services plan aims to make TechTown run leaner Wayne State University has launched a shared-services model that plans to save more than $250,000 a year for the technology and business incubator, which was founded in 2000 with support by then-President Irvin Reid. New Analytic Technology from DST Health Solutions Turns Big Data into Action for Healthcare Payers DST Health announced the launch of DST Business Performance Optimization, an analytics tool that enables healthcare payers to improve performance across all key business functions. Maxus set to launch data, analytics and marketing platform, ‘Mesh’ Maxus has announced its plans to introduce a new data, analytics and marketing platform, titled ‘Mesh’. Developed by Maxus Asia Pacific, the tool is currently undergoing beta testing in the Philippines market, before being rolled out in larger markets like India and Australia. March 20th, 2015 Wax Digital brings procurement to the smart watch The Android-based software will be available this summer and should enable staff within an organisation to order goods, replenish stock, sign off purchase orders and approve invoices direct from their watches. Shared services centres in Ireland on course for significant expansion in Ireland Shared services centres (SSCs) are on a clear expansion path in Ireland and are set to create more jobs, according to a survey that was carried out jointly by PwC and the ACCA (the Association of Chartered Certified Accountants). March 19th, 2015 BPM revenues up 18 pct to $18.4-B Philippines- Revenues of the country’s information technology and business process management (IT-BPM) climbed nearly a fifth in 2014 from a year ago, supported by the growth in both voice and non-voice services. Barcoding, Inc. Offers Mobile Process Optimization & Data Analytics Through Partnership With B2M Solutions Strategic partnership allows systems integrator to provide enterprise clients with advanced analytics tools to improve mobile process performance, drive user adoption, and maximize ROI March 17th, 2015 200 jobs created at outsourcing firm at its Sunderland and Middlesbrough operations The new jobs are a result of Firstsource winning new work with a global telecommunications provider and a high-profile UK bank, and they come after a recruitment drive in December to employ 40 staff on Teesside, following the major telecoms contract win. Wipro makes 'Analytics' a new service line Wipro confirmed the Bengaluru-based information technology (IT) services company was creating a new service line to deal with all new-generation technologies such as artificial intelligence (AI), machine learning, advanced analytics, and big data. Effektif Open Sources BPM Software with an Emphasis on Developers Business process management software provider Effektif today announced the open sourcing of their workflow engine. BPO opens new facility in Pasig Philippines–US-based business process outsourcing firm Startek has opened a new facility in Ortigas that can accommodate as many as 2,000 employees at full capacity as part of the company’s expansion plan in the country. March 13th, 2015 CenturyLink Taps Cognilytics Buy for Financial Big Data Analytics Vertical Datacenter, internet and hosting provider CenturyLink is forming a new vertical to provide cloud-based, managed predictive analytics and Big Data services to financial firms, following the acquisition of San Jose, Calif.-based Big Data technology and analytics provider... GDS outlines Digital Marketplace strategy for IT procurement GDS will continue to develop and promote its Digital Marketplace and build a government-to-government community to educate organisations on how to use the procurement framework to meet their needs. Shared service initiative a success for Hawke's Bay It was announced today that a partnership between 25 councils on insurance premiums has led to more than $3 million worth of savings for ratepayers across Hawke’s Bay, Bay of Plenty, the Horizons Region and the West Coast. March 12th, 2015 Province offers Royal Bank up to $22M to open financial services centre in Halifax On Wednesday, RBC and Nova Scotia Business Inc. (NSBI) announced the bank will open a new "finance-shared services centre" in April to support digital image cheque processing operations and other finance and accounting services... Cognizant Technology Solutions Corp Director Sells $622,000.00 in Stock Director Maureen Breakiron-Evans sold 10,000 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $62.20, for a total value of $622,000.00... SAP Improves Predictive Analytics and Data Visualization SAP recently announced the availability of SAP Predictive Analytics 2.0 Software. The latest product is expected to provide the benefits of predictive analytics to business users, business analysts and data scientists. March 11th, 2015 Sesa Sterlite to save $1.3 billion in marketing, procurement costs Diversified natural resources conglomerate Sesa Sterlite expects to save $1.3 billion in costs over next four years by reorganising its procurement and marketing strategy in an effort to harness group synergies, the Vedanta group company said during its meeting with analysts. Tungsten Bank launches deposit offering Tungsten Bank is now offering cash-rich companies an opportunity to place short-term deposits at competitive rates. As of today, it is offering 1.5% p.a. gross interest on 35-day notice sterling deposits and up to 1.85% p.a. on one year sterling deposits. Wipro plans to launch BPO service for the domestic market IPresently, Wipro has a ‘very little’ presence in the BPO space in the country and the service is primarily focused on global markets. Ghosh said the intent is to start small after setting up dedicated sales and pre-sales team and then scale it up based on the demand. March 10th, 2015 Virtusa’ BPM Centre of Excellence at MVGR Head Start Programme for engineering students in Business Process Management was inaugurated at MVGR College of Engineering in Vizianagaram by Virtusa Consulting Services (Business Consulting and BPM). Aimed at improving the readiness of students in BPM technology, Virtusa Corporation... Maximus to buy Acentia in $300 million deal Maximus (NYSE: MMS), which reported $1.7 billion in 2014 revenue, is buying the Falls Church-based technology contractor from private equity firm Snow Phipps Group LLC to expand its federal services business. It will add about 1,000 employees to the workforce. Carnegie Mellon, IBM partner on cloud-based analytics IBM and Carnegie Mellon University are working on a cloud-based analytics platform the organisations say could help other firms significantly trim down their facilities management and utilities costs. March 9th, 2015 NLEx operator taps Maybank payment solution The operator of the North Luzon Expressway, has tapped Maybank Philippines Inc. to streamline its check preparation and releasing transactions, a statement from Maybank showed. Tridant and Alteryx to Bring Data Blending and Advanced Analytics to South East Asia Tridant Pte Ltd announced today that Alteryx, Inc, headquartered in Irvine, California, USA and the leader in data blending and advanced analytics, has named Tridant as its first Master Distributor for South East Asia. General Atlantic Funds plans to channel one-fourth of its $2 billion-a-year global investments into India The InteGlobal private equity fund General Atlantic, which invests $2 billion worldwide every year, is planning to channel as much as a fourth of that into India, said Chief Executive Officer Bill Ford, adding that six sectors have been identified as investment targets — financial services, retail, healthcare, data-driven business process outsourcing, internet advertising and mobile internet. March 4th, 2015 Infosys signs outsourcing deal with TNT Infosys on Monday said it had signed a five-year agreement with Dutch company TNT to help it simplify and transform its technology applications. Trivest Partners Announces New Platform with Recapitalization of GetixHealth Trivest Partners announces an investment in GetixHealth, LLC, a rapidly growing provider of specialized outsourced revenue cycle management ("RCM") solutions to hospitals, laboratories and physician groups across the United States and the Caribbean. Robotics Market Set to Grow at 12% Annually Over Next Two Years The International Federation of Robotics states that demand for industrial robots will continue at an average annual growth rate of 12 per cent between 2015 and 2017. In Asia/Australia, robot sales are expected to increase by around an average of 16 per cent per year. . March 3rd, 2015 Ayala’s BPO unit on lookout for takeovers LiveIt Chief Executive Officer Alfredo I. Ayala said in an interview last week that Affinity Express Holdings Ltd. may seal a deal to acquire an overseas-based company this year. LiveIt owns 99.6% of Affinity Express. Shared Services Canada plans data centre expansion in Ottawa Plans to consolidate 485 data centres into seven is complete — sometime around 2020 — the government expects to save about $100 million a year in operating costs March 2nd, 2015 EXL acquiring analytics firm RPM Direct for $74M ExlService Holdings Inc (EXL) is acquiring RPM Direct, LLC, which is focused on the insurance industry, including property & casualty, life and health, for $74 million, according to a press release. The deal is expected to close by June 2015 and subject to certain closing conditions. Bell Mobility Gains Traction With Enterprises Wireless Analytics announced support for Bell Mobility within their CLEAN Platform mobility management suite of services. Wireless Analytics’ newly developed Bell Mobility Data Loader enables unprecedented enterprise-wide visibility and reporting for the Canadian wireless carrier’s business customers. OpenText Adds Analytics for B2B Transactions to Provide Greater Supply Chain Insight A global leader in Enterprise Information Management, today announced it has added new analytics capabilities for OpenText Trading Grid, the world's leading B2B Integration network, powering many of the largest global 2000 supply chains. Enhancing Trading Grid's analytics capabilities will provide companies with the business process insights they need to make data-driven decisions that will increase their supply chains' effectiveness. You may also like... The SSON News: February 2015 The SSON News: January 2015

The SSON Daily News: March 26, 2015

Upcoming Events

WorkX Digital Summit

AI-First Accounts Payable Operations

Malaysian Shared Services and Outsourcing Week 2026

De-Risking SAP Modernization: Ensuring Data Integrity in Your SAP S/4HANA System

AI-Driven Invoice Automation with Basware’s Invoice Lifecycle Management

Avoiding Buyer’s Remorse in E-Invoicing Compliance

Follow Us

Latest Webinars

From Transactions to Trust: Transforming AP, AR, and Communications into Customer Experience Drivers

The Power of Thinking Differently: Why Process Mapping Falls Short in the Age of Agentic AI

Smarter AP, Reduced Risk: How Medius uses AI to detect fraud and strengthen supplier engagement

Recommended

Shared Services and Outsourcing Network launches podcast series featuring person...

Happy Holidays 2016 from the SSON team!

Clinton v. Trump: Who’s Better For The Economy, Business, and Maintaining Social...

How To Become A Better Manager: Six Peter F. Drucker Questions Every Manager Mus...

Your Community, Your Voice.

UK Enterprises: How Will Leaving the EU Impact HR & Employment Law?

10 Tips for Establishing Shared Services Center Operations

How to Choose the Right Location: 7 of the Most Important Factors to Consider

The SSON Daily News: June 16th, 2015

The SSON Daily News: May 28th, 2015

The SSON Daily News: April 28, 2015

The SSON Daily News: February 26, 2015

FIND CONTENT BY TYPE

SSON COMMUNITY

ADVERTISE WITH US

JOIN THE SSON COMMUNITY

The SSON Daily News: March 26, 2015

Upcoming Events

Follow Us

Subscribe to our Free Newsletter

Latest Webinars

Recommended

FIND CONTENT BY TYPE

SSON COMMUNITY

ADVERTISE WITH US

JOIN THE SSON COMMUNITY