ExlService bags multi-million dollar contract
 
Orange has decided to move its multi-million dollar bond with Gurgaon-based Vertex to ExlService Holdings. Vertex' staff and assets on the Orange business will be transferred to EXL in September to December 2007. The company intends to emphasize on IT infrastructure management and engineering services.  
    
Xchanging to offer management services to Allianz in $600 mn deal
 
Xchanging will provide retail account management services to Allianz from Hof facility of Fondsdepot bank on the Germany-Czech border. The deal is worth $600 million, covering a period of eight years to maintain technology, run processes and create standard services for Allianz.  
    
Infovision to achieve five-fold growth in revenues by 2010
 
Infovision has set a target of five-fold growth in revenues to reach $250 million by 2010. The company will invest around $75 million to expand its infrastructure and add 16,000 professionals in the next three years.  

IBM inks $17.7 mn deal 

IBM will be offering technical support to Denmark's Agricultural Advisory Service under a $17.7 million contract. The system of the Danish government, which deals with online bookkeeping and accounting, will now be under IBM's virtualized environment.  
    
TCS bag a contract from Hawaiian Airlines services 

TCS will provide Hawaiian Airlines with BPO, IT and infrastructure services under a deal which is estimated to be worth $40 million. Support services and maintenance will be provided to airline's revenue accounting application.  
    
Indian Railways, SBI to invest $1 billion for outsourcing deals 

State Bank of India and Indian Railways plan to obtain hardware systems, application software and services. For this purpose each of the firms will be investing about $1 billion. IBM, MphasiS, Wipro, Infosys, HCL Technologies and TCS are all in the run for the contracts as they intend to rely lesser on the US.