Schlumberger and Cable & Wireless Restructure Omnes Joint Venture as Two Separate Business Units; Schlumberger Omnes Joins Test & Transactions Business Unit.NEW YORK--(BUSINESS WIRE)--Aug. 9, 1999-- Schlumberger Schlumberger Limited is the world's largest oilfield services corporation operating in approximately 80 countries, with about 70,000 people of 140 nationalities. Schlumberger supplies a wide range of products and services from seismic acquisition and processing; formation Test & Transactions today announced that Omnes, a joint venture between Cable & Wireless and Schlumberger to provide technology-leading communications and information technology services, has been restructured into two separate business units. Under the agreement equal ownership and access to products, technology and intellectual property was given to both parent companies, while Schlumberger retains ownership of the Omnes name. Schlumberger Omnes is now a fully operational company within Schlumberger Test & Transactions, a $1.2 billion business unit of Schlumberger Limited (NYSE NYSE See: New York Stock Exchange :SLB SLB Solomon Islands (ISO Country code) SLB Schlumberger Ltd. (oil field services firm) SLB Server Load Balancing SLB Sport Lisboa e Benfica (soccer) ), which also provides smart card-based solutions and semiconductor test systems and services to a worldwide customer base. "The restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of Omnes benefits the client base of each parent company and allows us to pursue focused growth strategies to address their rapidly expanding IT needs," stated Irwin IRWIN are a collective of Slovene artists, primarily painters, part of Neue Slowenische Kunst (NSK). They describe their own work as "retro-principle" or "retro-avant-garde".[1] The group is emphatic about their work being collective rather than individual. Pfister, executive vice president, Schlumberger Test & Transactions. "Omnes is a particularly good fit with the other business units in the Test & Transactions group, which also operate in high-growth, global markets where strong customer relationships, application knowledge and software-based integration capabilities differentiate us and provide high value-add to our customers." Leveraging the complementary strengths of Schlumberger and Cable & Wireless, Omnes was formed as a joint venture in 1995 to create a new company in global communications and Internet/intranet technology. Since then it has grown into a profitable business providing local and global communication and information technology services to a worldwide customer base, primarily in the energy and financial sectors. Schlumberger Omnes services include: --Local and wide area network design and management --Integration of Internet/intranet, data/network security technologies with business support applications --Desktop support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services via worldwide service management centers "Since its creation four years ago, Omnes established a strong track record of providing leading-edge information technology solutions and Internet/intranet services to help its customers reduce cost and streamline business processes," stated Rex Ross Ross , Sir Ronald 1857-1932. British physician. He won a 1902 Nobel Prize for proving that malaria is transmitted to humans by the bite of the mosquito. , president, Schlumberger Omnes. "Now, fully integrated into the Schlumberger organization, Schlumberger Omnes can even more effectively leverage Schlumberger resources and technologies to pursue long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. growth strategies which will provide significant benefits to our customers, whether their operations are local or global." Schlumberger Omnes now has 650 employees serving more than 100 customers in 30 countries. About Schlumberger Schlumberger Test & Transactions provides smart card-based solutions, semiconductor test systems and services, and communications and information technology services to customers across the globe. It is the leading provider of smart card-based solutions worldwide, evolving the new generation of smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , parking terminals, ticketing machines, payphones, banking terminals, servers, software, applications and systems integration that will play a key role in the 21st century's digital age. The organization offers the world's most comprehensive systems and services for testing semiconductor devices, measurement systems for front-end applications, and equipment to test complete electronic assemblies and systems for the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industry. It also provides integration of Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , intranet and advanced data and network security technologies with business support applications brought directly to the client side, local and wide area network design and management, and desk top support services Schlumberger Test & Transactions is a business unit of Schlumberger Limited, an $11.8 billion global technology services company. Additional information is available at http://www.slb.com. |
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