Tuesday, June 29, 2010

Woodside keeps CSC on the books

Resources giant Woodside Energy has renewed its IT outsourcing arrangement with IT services giant CSC for the exact same amount it did three years ago — $30 million over three years. In a statement released this morning, CSC said it would continue to provide infrastructure outsourcing and support services, including service desk and field services, problem, change and configuration management, and datacentre and server and network resources to Woodside — as it has been for the past four years. CSC’s statement today on the matter is virtually a carbon copy of the statement it sent out two and a half years ago in September 2007, when it said it had signed a similar three year, $30 million contract as a follow-up to an initial one year deal with Woodside.

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

ACS cutting jobs in Kentucky

ACS Government Solutions, a company that provides outsourcing services for government agencies, has filed a notice with the state of Kentucky that it might lay off as many as 286 workers at sites in London, Monticello and Richmond, Ky. The sites are part of Affiliated Computer Services Inc., which was purchased earlier this year by Norwalk, Conn.-based Xerox Corp.

ACS provides call-center-outsourcing and business-process services. It has more than 34,000 employees in 150 call centers around the world. According to information from the Kentucky Cabinet for Economic Development, ACS had 724 employees at the sites in 2009.

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
Friday, June 4, 2010

UK slips from outsourcing top spot

The UK is in danger of losing its crown as Europe’s largest outsourcing market, despite reports from channel players of an uptick in “co-sourcing” deals. France, Germany and Sweden moved ahead of the UK for the first time in Q1, based on the total contract value (TCV) of large commercial outsourcing deals, according to sourcing data and advisory firm TPI.

UK TCV almost halved year on year to €800m (£691m) in the three months to March, compared with more than €1bn in Germany and almost €2bn in France. TPI president Duncan Aitchison said the UK was hit by the lack of large restructuring and renewal contracts during the quarter. But he argued the country’s long-term status as the rich man of European outsourcing was under threat.

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
Tuesday, June 1, 2010

US Senate begins debate on new Wall Street regulations

The Senate has begun debating proposals for the most significant reforms to financial regulations since the 1930s. After days of deadlock, Republicans and Democrats began arguing over a bill aimed at bringing accountability to Wall Street and avoiding another financial meltdown.

Republicans had blocked debate on the bill for three consecutive days, but eventually relented on Wednesday. But they also promised a hard fight to make changes to the reform bill. The key battlegrounds of the debates will be measures to restrict trades in complex financial instruments, called derivatives, and the powers proposed for a new agency to protect consumers. Despite agreeing to a debate, Republican Senator Richard Shelby, who led the blocking campaign, appeared in no mood to compromise on his opposition to the consumer protection agency.

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Citibank Russia to outsource ATMs to Diebold

Diebold Inc. said Monday that it signed a multi-year agreement with ZAO Citibank in Russia to handle the bank's automated teller machine services. Financial terms of the deal were not disclosed. Citibank Russia currently has more than 370 ATMs in Russian regions.

Under the agreement, Diebold will provide ATM outsourcing services for a portion of Citibank Russia's ATM network, including status monitoring, help desk, currency management and forecasting, cash handling and software distribution along with various field maintenance services. Citibank will lease ATM equipment from Diebold under the deal. Diebold started providing ATMs to Citibank in Russia under a long-term agreement in the first quarter of 2010. The company said it has nearly 60,000 ATMs under different managed services contracts.

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).