Infosys & TV18 set up Source 18
 
Infosys BPO has entered into an alliance with TV18 a media company to launch Source18, a media processing outsourcing company. Source18 will offer an array of services in enabling content for digital media, including digital archiving and meta-tagging, re-purposing content, etc. to media & entertainment firms on a global platform.
    
MIVA signs deal with Perot
 
MIVA, Inc. (NASDAQ: MIVA), has entered an outsourcing agreement with Perot Systems to improve operating efficiencies across business and technical operations. This will entail workforce reductions from 310 to 260 by September 2007. The main element of the plan is to migrate services and support functions, thus integrate MIVA's ad management and auction platforms across the US and Europe onto a single new global application.  
   
Genpact Taps Foreign Bourses
 
Genpact has filed a registration statement with the SEC (Securities and Exchange Commission), US for a proposed IPO of its common shares. The company is expected to raise $600 million from the IPO and will file an application to list its common shares under the symbol "G" on the NYSE.  
    
Allsec declares 50% dividend 

Allsec Technologies Ltd has declared a 50% dividend for 2006-07.The company reported a net profit of $0.065 million a 30% increase over last year and a net profit of $0.016 million for Q4, 2006-07 an 11% increase over the last quarter.
    
WNS reports net income 

WNS, a NYSE-listed BPO company posted a net profit of $8.9 million a 141% increase and revenues of $110.7 million a 109% increase for Q4 2007, over the previous year. The company posted a net profit of $26 million for the year ended 31 March, a 45% increase and revenues of $352.3 million, a 73.7% increase over the last year.  
    
Datamatics eyes Europe, US for M&A 

Datamatics Technologies Ltd is eyeing a merger or acquisition in the US or Europe in the range of $10-40 million in the finance and accounting segment. An all cash deal would be around $10-20 million, whereas a stock-and-cash acquisition could result in a deal size of $30-40 million.