M&A Update: 19/05/09

WIPRO TECH TIES UP WITH ORACLE
Bangalore
The Economic Times  Business Standard  DNA  The Hindu Business Line  Financial Chronicle  The Financial Express  

Wipro Technologies said on Monday that its Business Process Outsourcing division, Wipro BPO has partnered with Oracle for 'best-of-breed HR platform solutions.'

Wipro has also selected The Hackett Group, a global strategic advisory firm, to provide empirical data, best practices and world-class performance insights on the development of its innovative bundled solution platform, it said in a release here.

The solution simPlify, allows employers to reduce and control cost as it provides an opportunity to centralise and standardise processes while eliminating duplicative management structures.

The solution has the ability to leverage a many-to-one technology capability, while maximising service quality and HR customer satisfaction.

 

MASCON BOARD OKAYS ACQUISITION PLAN
Financial Chronicle

IT services provider Mascon Global on Monday said its board has approved to proposal of acquiring a company abroad and recommend the same to the investment committee.

GEODESIC BUYS
Business Standard

Mumbai-based Geodesic, provider of desktop communication and entertainment solutions, has acquired South American-based Interactive Networks. The firm provides software for advanced instant messaging and value-added solutions. The value of the deal was not disclosed.

BARTRONICS TO PARTNER ESSEN
Mumbai
The Hindu Business Line

Bartronics India has entered into a partnership to procure Essen RFID's ultra high frequency (UHF) integrated reader `XtennaPlus' for its R&D centre. Under the agreed terms & conditions for the partnership, Bartonics will also feature the UHF integrated reader "XtennaPlusTM" in its RFID product catalogue, according to a press release. "This agreement is a win-win proposition for both Bartronics as well as Essen & will go a long way in strengthening the existing synergies between the 2 organisations in the UHF RFID market," Bartronics' Chief Scientific Officer, Srinivasa Parasa, said in the release.

 

VISION CORPORATION SIGNS MOU WITH TCIL
New Delhi
Business Standard

Vision Corporation, Mumbai-based media and entertainment company, has signed a Memorandum of Understanding (MoU) with Telecommunications Consultants India (TCIL) for taking up projects in the information technology & telecom sector.

Under the MoU, the company will source the projects, which will be executed by TCIL. TCIL is a public sector telecommunication consultancy and engineering company operating under the Department of Telecommunication.

In another development, the company has signed a long-term agreement with Reliance Big TV for Direct To Home (DTH) services, feature films, music and other content for which the revenue will be shared equally.