| Ma Foi, IBM, Infocrossing, Marlabs, Vodafone, Technosoft, Frontline, Accel |
| Wednesday, 12 December 2007 | |
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Ma Foi to enter HR outsourcing space Ma Foi Management Consultants is making plans to strike HRO deals with Indian corporates in sectors like IT/ITeS, financial services, banking, insurance and telecom. The company is aiming at a turnover of $253 m by 2009. IBM expects $1 b revenues from India by Dec end IBM has estimated an income of $1 billion by December-end from its India operations. This figure is inclusive of revenues from IBM's services and solutions to Indian and global clients. The company is currently growing at a rate of 39%. Infocrossing wins $407 m contract from MO HealthNet program Infocrossing Healthcare Services has won a multi-year $407 million deal from Missouri's MO HealthNet program. Infocrossing will transform Missouri's Medicaid Management Information System into a rule-based system for better performance and optimum Internet accessibility. Marlabs opens a new 600-seater facility Marlabs is increasing its India operations by opening the new 600-seater facility. The center will provide application development, product development and support services. With this expansion, Marlabs expects to offer better support to its clients. IBM to provide information services to Vodafone IBM will provide information services for Vodafone's India division under a five-year deal. IBM will provide billing services and take care of data centers and financial systems. Technosoft Corporation inaugurates centre in Bangalore Technosoft Corporation has opened a development centre in Bangalore in an attempt to increase its India operations. Currently, the US-based company has a center in Chennai which employs 350 people. Over the next one year, the company plans to increase the strength in the Bangalore center to over 200 people. Frontline Technologies acquires additional stake in Accel Frontline Frontline Technologies of Singapore plans to acquire an additional 9% stake (2,025,810 equity shares) to increase its stake to 51% in Accel Frontline. Internal resources will fund the acquisition. Related Items:
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