Page-5 of IT sector

Cognizant acquires KBACE Technologies

January 28, 2016

United States (US) based software services exporter Cognizant Technology Solutions (CTS) has acquired cloud-based computing firm KBACE Technologies. This acquisition will help Cognizant to strength and expands its digital capabilities from its critical business applications to cloud-based IT infrastructures. The ..

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Wipro awarded 2015 Aegis Graham Bell Award

December 14, 2015

Global software major Wipro has been awarded 2015 Aegis Graham Bell Award for developing a solution for the Internet of Things (IoT). The award has been bestowed upon Wipro’s IoT solution ‘Universal Data Parser’ (UDP). The UDP enables flexible adaptation ..

Union Government inks MoU for establishing IIITs at Ranchi, Nagpur & Pune

December 12, 2015

The Union Government has inked a Memorandum of Understanding (MoU) for establishing three Indian Institute of Information Technology (IIITs) in the country. The agreement to this effect was signed between Department of Higher Education (DoHE) and private agencies including Tata ..

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Infosys to acquire US based firm Noah Consulting

October 20, 2015

India’s second largest software services major Infosys has announced acquisition of US-based oil and gas consulting firm Noah Consulting for 70 million US Dollars in an all-cash deal. This acquisition is part of Infosys strategy to bring next generation data ..

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Infosys appoints Ranganath D Mavinakere as new CFO

October 13, 2015

India’s second largest software services firm, Infosys has appointed Ranganath D Mavinakere as new Chief Financial Officer (CFO). He will succeed Rajiv Bansal who was Executive Vice President (EVP) and the CFO of Infosys and had resigned from the company. ..

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WTO members reach landmark $1.3 trillion IT trade deal to cut tariffs

July 25, 2015

World Trade Organisation (WTO) members reached a landmark Information Technology (IT) trade deal in order to add more than 200 products to the list dealing with zero-tariff and duty-free trade. In this agreement, products covered will include new-generation semi-conductors, medical ..

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