United States : Potential IT services acquisition targets.Byline: Mamta03 Analysts are expecting more IT services deals in the wake of Dell Inc.'s (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DELL) $3.9 billion acquisition of Perot Systems Corp. (NYSE NYSE See: New York Stock Exchange :PER) and Xerox Corp. (NYSE:XRX) buying document and BPO company Affiliated Computer Services Affiliated Computer Services (ACS) (NYSE: ACS) is a Fortune 500 company that provides information technology outsourcing as well as business process outsourcing solutions to businesses, government agencies, and non-profit organizations. Inc. (NYSE:ACS (Asynchronous Communications Server) See network access server. ) for $6.4 billion. Xerox CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ursula Burns called the BPO market a fragmented space. There's been some de-fragmenting, though. Last year, Tata Consultancy bought Citigroup Global Services Ltd., the India-based back-office unit of Citigroup Inc. (NYSE:C), for $505 million in cash. Also last year, Indian BPO WNS Global bought the India- and Sri Lanka-based operations of U.K. insurance group Aviva plc for $201 million, and HCL Technologies Ltd. bought Axon Group plc for $784 million. In December, Citi Technology Services Ltd. was sold to Wipro Technologies for $127 million. Earlier this year, Cognizant Technology was mentioned as a bidder for either part or all of fraud-hit Indian IT outsourcer Satyam Computer Services Ltd. Tech Mahindra Ltd. won the stake. It was recently reported that Mahindra and Satyam could merge. More recently, IBM said it's acquiring Bank of America Corp.'s (NYSE:BAC) Wilshire Credit Corp., including the Wilshire mortgage servicing platform. A day after that, Sykes Enterprises Inc. (NASDAQ:SYKE) said it's acquiring BPO provider ICT Group Inc. (NASDAQ:ICTG ICTG Irish Christmas Tree Growers ICTG Information and Communications Technology Group (SAIC) ) for $263 million. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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