BANGALORE: Mindlance, a U.S.-based IT infrastructure service provider, with its India headquarters at Bangalore, announced that it has added 100 new clients in India in the last six months.
Announcing this, Group CIO and Head of India Operations, Kamal Sharma, said, "Some of our recent customer acquisitions include Bharat IT Services (a SPICE Group venture), Knowledge Global Limited, GTL Limited, UST Global, Just Dial and Piramal Healthcare".
The firm, which is at New Jersey, is managing the infrastructure (24/7) of Knowledge Global Limited, the world's largest provider of content processing and production at three locations currently.
For GTL Limited, Mindlance would be managing its IT infrastructure at around 18 locations across India apart from being involved with them in Gujarat for their telecom projects.
For Just Dial,Mindlance would provide the infrastructure solutions from EMC2 as also other solution areas like AV, Microsoft . For Piramal Health Care , Mindlance would be providing Storage and Backup solutions.
"Mindlance is on a massive growth path in India having recently opened its 7th office in Chennai, the other 6 being located at Bangalore (2 offices), Gurgaon, Jaipur, Mumbai and Kolkata.
We would be further expanding in terms of opening new facilities across the country along with huge recruitment plans by 2011-end," Sharma added.
The company had targeted to achieve 100 new customers in the current financial year ending 31st December, 2011 and managed to achieve this target in just two quarters.
With this, Mindlance has evolved into a major Tier-2 Systems Integrator in India with focus on verticals like IT, BFSI, Manufacturing, Government, Life sciences and Education.
Showing posts with label Enterprise IT. Show all posts
Showing posts with label Enterprise IT. Show all posts
Tuesday, July 12, 2011
Monday, January 24, 2011
Top 5 IT cos to hire 1.8 lakh persons in 12 mths: Infosys
Thiruvananthapuram, Jan 23 (PTI) Indian IT sector seems to have come back to its record-breaking hiring days, with a top industry player Infosys projecting up to 1.8 lakh employees being hired by the five largest companies alone this year.
"Growth is back and most companies are hiring in large numbers again. The top five companies are estimated to hire 1,60,000 to 1,80,000 new employees in the next 12 months," Infosys CEO Kris Gopalakrishnan said here.
Such large-scale hiring activities were last witnessed in 2007 by Indian IT companies, after which they had to cut back on hiring and even prune their existing headcount to cope up with the economic slowdown.
"In 2008, the industry saw growth coming down to single digit. Most IT companies stopped hiring employees and stopped expanding," Gopalakrishnan said at a discussion on ''sustainable Development Strategies'' organised by College of Architecture here last evening.
Gopalakrishnan said that the growth was now back in the sector and the companies were expanding their headcount.
He further said, "the IT industry has grown fast over the last 15 years. For example, the industry had about 1.50 lakh employees in 1993, around five lakh employees in 1999 and today, the industry employs around 2 million employees." The highest-ever hiring in the IT space was seen in 2007, when more than four lakh jobs were created in Indian IT space by all the companies together.
After that, the hiring fell to 2.5 lakh people in 2008 and further to 1.5 lakh in 2009 and then just above one lakh in 2010.
Industry estimates suggest that the overall hiring in India by all the IT companies together during 2011 could exceed or at least match the levels of 2007.
Besides Indian IT firms, global giants like IBM, Accenture and HP have also been hiring aggressively in the country in the past.
Gopalakrishnan said that multinational corporations were also looking to India to expand their markets and to create back office function and many of them are looking at Tier II and III cities to expand.
Emphasising the significance of infrastructure development in growth of these cities, he said an effective mechanism is essential to implement various development strategies.
"Industry bodies, relevant NGOs, civic bodies must all have a role to play. For example, industry bodies will be able to mobilise participation by experts. Industry will be able to provide project and programme management expertise. Civic leaders will be able to mobilise public opinion.
Thus I believe there is a higher chance of the initiatives getting implemented," Gopalakrishnan said.
"Growth is back and most companies are hiring in large numbers again. The top five companies are estimated to hire 1,60,000 to 1,80,000 new employees in the next 12 months," Infosys CEO Kris Gopalakrishnan said here.
Such large-scale hiring activities were last witnessed in 2007 by Indian IT companies, after which they had to cut back on hiring and even prune their existing headcount to cope up with the economic slowdown.
"In 2008, the industry saw growth coming down to single digit. Most IT companies stopped hiring employees and stopped expanding," Gopalakrishnan said at a discussion on ''sustainable Development Strategies'' organised by College of Architecture here last evening.
Gopalakrishnan said that the growth was now back in the sector and the companies were expanding their headcount.
He further said, "the IT industry has grown fast over the last 15 years. For example, the industry had about 1.50 lakh employees in 1993, around five lakh employees in 1999 and today, the industry employs around 2 million employees." The highest-ever hiring in the IT space was seen in 2007, when more than four lakh jobs were created in Indian IT space by all the companies together.
After that, the hiring fell to 2.5 lakh people in 2008 and further to 1.5 lakh in 2009 and then just above one lakh in 2010.
Industry estimates suggest that the overall hiring in India by all the IT companies together during 2011 could exceed or at least match the levels of 2007.
Besides Indian IT firms, global giants like IBM, Accenture and HP have also been hiring aggressively in the country in the past.
Gopalakrishnan said that multinational corporations were also looking to India to expand their markets and to create back office function and many of them are looking at Tier II and III cities to expand.
Emphasising the significance of infrastructure development in growth of these cities, he said an effective mechanism is essential to implement various development strategies.
"Industry bodies, relevant NGOs, civic bodies must all have a role to play. For example, industry bodies will be able to mobilise participation by experts. Industry will be able to provide project and programme management expertise. Civic leaders will be able to mobilise public opinion.
Thus I believe there is a higher chance of the initiatives getting implemented," Gopalakrishnan said.
Tuesday, January 4, 2011
iGate cancels announcement of deal with Patni
New Delhi: IT firm iGate today said it has called off announcement of its "significant corporate development", where it was expected to notify its deal for buying 63 percent stake in Patni Computer Systems.
"The significant corporate development that was set to be announced on Monday is off," iGate said in a brief statement tonight without assigning any reasons.
2011 New Year Resolution for India: Which one needs to be removed as priority?
Corruption
Terrorism
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A company official when contacted declined to elaborate on the development.
The iGate-Apax consortium, which is tipped to be the front-runner for acquisition of a majority stake in India's sixth largest IT firm, was expected to make the announcement tomorrow.
Patni brothers -- - Narendra Patni, Ashok Patni and Gajendra Patni -- were in talks to sell their 46 per cent stake, while private equity firm General Atlantic was selling its roughly 17 percent holding in the software services exporter.
Patni's promoters and General Atlantic have made several efforts to sell their stake since 2007, which failed because of disagreements between the brothers and the high valuation expectations of the sellers.
The iGate-Apax consortium, which is tipped to be the front-runner for acquisition of a majority stake in the Indian IT firm, had earlier in the day said it will announce a "significant corporate development" on Monday.
Sources in-the-know said the deal was related to the iGate-Apax consortium's estimated $1 billion bid to buy a majority stake in Patni Computer.
The announcement was to have been made by iGate Chief Executive Officer Phaneesh Murthy in Bangalore tomorrow.
A consortium led by private equity firm Carlyle was the iGate-Apax consortium's main rival in the take-over bid, but is understood to have dropped out of the race on account of the high valuation of the firm.
According to industry analysts, the iGate-Apax consortium will pay 500-550 for each share of Patni Computer to be acquired, besides a non-compete fee to the promoters.
On Friday, shares of Patni closed at 476.65 on the Bombay Stock Exchange, up 0.77 percent from the previous close.
Patni, a mid-sized IT services firm, provides solutions to verticals like insurance, telecom, utilities and retail. Patni's revenues for the year ended December, 2009, stood at 1,751.33 crore ($391.79 million, at an exchange rate of 44.70 per U.S. dollar).
iGate's revenues, on the other hand stood at $74.8 million for the quarter ended September, 2010, and $193.09 million for the whole of 2009.
Closure of the deal would mark the culmination of several efforts by Patni's promoters and General Atlantic to sell their stake since 2007. Earlier attempts to sell a stake failed because of disagreements between the brothers and the high valuation expectations of the sellers.
iGate had also expressed interest in buying Satyam Computer Services , after the multi-crore scam perpetrated by founder Chairman B Ramalinga Raju broke out. Satyam has since been rebranded Mahindra Satyam, following its acquisition by Tech Mahindra .
"The significant corporate development that was set to be announced on Monday is off," iGate said in a brief statement tonight without assigning any reasons.
2011 New Year Resolution for India: Which one needs to be removed as priority?
Corruption
Terrorism
View result
A company official when contacted declined to elaborate on the development.
The iGate-Apax consortium, which is tipped to be the front-runner for acquisition of a majority stake in India's sixth largest IT firm, was expected to make the announcement tomorrow.
Patni brothers -- - Narendra Patni, Ashok Patni and Gajendra Patni -- were in talks to sell their 46 per cent stake, while private equity firm General Atlantic was selling its roughly 17 percent holding in the software services exporter.
Patni's promoters and General Atlantic have made several efforts to sell their stake since 2007, which failed because of disagreements between the brothers and the high valuation expectations of the sellers.
The iGate-Apax consortium, which is tipped to be the front-runner for acquisition of a majority stake in the Indian IT firm, had earlier in the day said it will announce a "significant corporate development" on Monday.
Sources in-the-know said the deal was related to the iGate-Apax consortium's estimated $1 billion bid to buy a majority stake in Patni Computer.
The announcement was to have been made by iGate Chief Executive Officer Phaneesh Murthy in Bangalore tomorrow.
A consortium led by private equity firm Carlyle was the iGate-Apax consortium's main rival in the take-over bid, but is understood to have dropped out of the race on account of the high valuation of the firm.
According to industry analysts, the iGate-Apax consortium will pay 500-550 for each share of Patni Computer to be acquired, besides a non-compete fee to the promoters.
On Friday, shares of Patni closed at 476.65 on the Bombay Stock Exchange, up 0.77 percent from the previous close.
Patni, a mid-sized IT services firm, provides solutions to verticals like insurance, telecom, utilities and retail. Patni's revenues for the year ended December, 2009, stood at 1,751.33 crore ($391.79 million, at an exchange rate of 44.70 per U.S. dollar).
iGate's revenues, on the other hand stood at $74.8 million for the quarter ended September, 2010, and $193.09 million for the whole of 2009.
Closure of the deal would mark the culmination of several efforts by Patni's promoters and General Atlantic to sell their stake since 2007. Earlier attempts to sell a stake failed because of disagreements between the brothers and the high valuation expectations of the sellers.
iGate had also expressed interest in buying Satyam Computer Services , after the multi-crore scam perpetrated by founder Chairman B Ramalinga Raju broke out. Satyam has since been rebranded Mahindra Satyam, following its acquisition by Tech Mahindra .
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