IT Newsletter - November 19 to November 23, 2012
HCL Infosystems Ltd. India's premier Services and ICT Systems Integration, Distribution and Hardware Company today announced its exclusive tie up with Intec for distribution of its Speciality Printing Systems across the country. This is for the first time that Intec heavy stock and media printers will be distributed
$8.8b writedown....HP blames Autonomy accounting improprieties
HP issued the following regarding the non-cash impairment charge relating to Autonomy that was announced during HP’s fourth-quarter earnings announcement:
“HP is extremely disappointed to find that some former members of Autonomy’s management team used accounting improprieties, misrepresentations and disclosure failures to inflate the underlying financial metrics of the company, prior to Autonomy’s acquisition by HP. These efforts appear to have been a willful effort to mislead investors and potential buyers, and severely impacted HP management’s ability to fairly value Autonomy at the time of the deal. We remain 100 percent committed to Autonomy and its industry-leading technology.”
HP announced a non-cash impairment charge of $8.8 billion related to Autonomy in the fourth quarter of its 2012 fiscal year. The majority of this impairment charge, more than $5 billion, is linked to serious accounting improprieties, misrepresentation and disclosure failures discovered by an internal investigation by HP and forensic review into Autonomy’s accounting practices prior to its acquisition by HP. The balance of the impairment charge is linked to the recent trading value of HP stock and headwinds against anticipated synergies and marketplace performance.
HP launched its internal investigation into these issues after a senior member of Autonomy’s leadership team came forward, following the departure of Autonomy founder Mike Lynch, alleging that there had been a series of questionable accounting and business practices at Autonomy prior to the acquisition by HP. This individual provided numerous details about which HP previously had no knowledge or visibility.
HP initiated an intense internal investigation, including a forensic review by PricewaterhouseCoopers of Autonomy’s historical financial results, under the oversight of John Schultz, executive vice president and general counsel, HP.
As a result of that investigation, HP now believes that Autonomy was substantially overvalued at the time of its acquisition due to the misstatement of Autonomy’s financial performance, including its revenue, core growth rate and gross margins, and the misrepresentation of its business mix.
Punjab govt invites Infosys to set up a campus in Mohali: reports
The Punjab government has invited IT player Infosys to set up a campus in Mohali, according to reports.
Gopalakrishnan reportedly said: "We will look at it (the offer) and all I can say is that we will continue to expand in this region."
The Punjab government offers to provide 100 acres of space to Infosys in Mohali adjoining Chandigarh in order to help the company to expand in this region, report says.
State-owned Punjab Infotech Managing Director Anurag Verma reported that they can easily give 100 acres of land to Infosys as we have proposal to set up IT park over 600 acres of land in Mohali and out of which 83 acres of land has already been acquired.
Growing digital divide between Indian teens and parents: McAfee Survey
According to a survey of over 1500 Indian parents and teens, there is an evident discrepancy between parental perception and actual reality regarding the online activities of Indian teens. McAfee’s ‘Secret Lives of Teens’ survey shows that while parental concerns prevail, teens do end up sharing more dangerous information online, contrary to their parents belief. This divide is attributed to the fact that Indian teens are growing up as ‘digital natives’, with increasingly active online lives but lack of parental assistance; substantiated through some of the following statistics-
70% of the surveyed teens believe that they shouldn’t share their home address online but 40% of them still do. Correspondingly, only 21% of the polled parents believe teens would have actually done so.
Although 31% of the surveyed teens have met their online acquaintances in real life, only 17% parents are aware of this.
20% of the surveyed teens access porn / nudity online willingly several times a day but 32% parents think teens willingly access it only a few times a year.
38% of the surveyed teens have witnessed cruel / mean behaviour online whereas only 16% parents are aware of this.
Interestingly, 70% of polled parents completely trust their teens to tell them everything they do online whereas 58% polled teens strongly believe that they know how to hide their online activities from their parents.
“The results of the study reaffirm that the online behavioural patterns of children need to be seen in a different light and with lot more gravity and consciousness by Indian parents. Instead of being nurtured through their formative years, today’s teens are meandering their way through an unrestricted virtual world with disturbing experiences like cyber bullying, befriending unknown strangers, getting into relationships and accessing provocative content. Arming our kids with the information they need and talking even more openly about the risks involved and how to deal with them, is a key agenda of new age parenting,” said Anindita Mishra- McAfee Cybermum India.
As a company, McAfee is dedicated to making the Internet safe by providing resources to help educate and protect families says Melanie Duca, Consumer Marketing Director (APAC), McAfee. We do this with consumers through the Cybermum campaign and cyber education programs in schools. Commenting about the relevance of the survey in this context, “We commissioned this extensive research exercise to uncover the digital divide that exists between Indian parents and teens today. It’s very challenging for parents to educate their technology savvy children. We hope this study provides Indian parents with some key insights and learning’s on how to protect their children online.
Infosys launches "India in a Box" for Japanese companies
Infosys, a global leader in consulting and technology, today announced the launch of a new solution called "India in a Box" for its Japanese clients. The new solution i$ based on industry-standard Microsoft Dynamics NAV. It enables Japanese companies to jump$tart their business operations in India in a shorter time by moving to a robust IT infrastructure in just eight weeks. The pre-packaged solution is tailor-made for the unique Indian market, addressing issues such as local taxation and accounting.
Key functionalities of the solution tailored for specific requirements in India Include:
Financial Management - To support the International Accounting Standards Committee and complies with Indian GAAP (general accounting, account receivable/payable, budget control, fixed asset management, period-end closing operations),
Supply Chain Management - To facilitate sales, purchasing, inventory, warehouse management.
Production Management- To track requirement planning and bill of materials, manufacturing order creation, production planning and processes and scheduling.
Service, Resource, & Project Management- To maintain service contracts and track project costs, milestones and budget utilization,
Employee Management - To maintain comprehensive employee details including master employee list, skill sets and attendance.
Customer Management - To collate customer Information, payment and delivery terms
India PC market shipments for Q3 2012 up 4.9%
The India PC market shipments for Q3 2012 (July – Sep) stood at 2.99 million units i.e. a sequential gain of 4.9% over the previous quarter while the year-on-year drop was noted to be at 5.4%.
Consumer demand was noted to be firm in Q3 2012, as the Indian consumer continued to be resilient to challenges such as economic slowdown and high inflation. The sequential (Q-o-Q) growth for Consumer PCs were noted be at 13.5% while the year-on-year drop was noted to be at 0.9%.
According to Kiran Kumar, Sr. Analyst at IDC, “Consumer demand for Notebooks is emerging as the sole bright spot in the India PC market, even as the Commercial PC market continues to be bucked down by economic slowdown. Uncertain investment environment continues to be a major letdown for commercial PC buyers who remained to be cautious with their spending in Q3 2012”.
Wipro plans to buy German firm: reports
Wipro is planning to acquire a firm in Germany, according to reports.
T K Kurien, CEO, IT business reported that company is set to explore both the organic and inorganic route to expand its base in the German market.
Germany is currently generating only about $100 mn in revenue for Wipro, reports said.
HCL positioned as leader for Mobility and Cloud Computing by Zinnov
HCL Technologies (HCL), the global IT services provider, has been ranked as a market leader for Enterprise Mobility and Cloud Services by Zinnov, a leading globalization and market expansion advisory firm. This was announced in the latest study titled “Global Service Provider Report 2012” from Zinnov.
HCL emerged as a leader on all parameters in the report which analyzes the cloud and mobility expertise and capability of IT firms on key parameters such as domain expertise across verticals, its range of services stack, deep competencies across service platforms and technology & Go-to-Market partnerships.
Commenting on the study, Pari Natarajan, Co-Founder & CEO, Zinnov, said, “The adoption of mobile communication, collaboration, information access and productivity-enhancing applications is on the upsurge.
Mahindra Satyam receives notice on money laundering allegation: reports
The Adjudicating authority under the Prevention of Money Laundering Act (PMLA) has issued notices to Mahindra Satyam in connection with an alleged money-laundering case involving its previous management, according to reports.
Earlier on 18 October, ED issued provisional attachment order of the company's fixed deposits (FDs) worth Rs 8.22bn in a money laundering case
Wipro joins car connectivity consortium
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited, announced it has joined the Car Connectivity Consortium (CCC), to develop smartphone-based connected-car solutions. The Car Connectivity Consortium is a body dedicated to developing cross-industry collaboration global standards and solutions for smartphone and in-vehicle connectivity.
Members of the CCC include the world leaders in auto manufacturing, mobile communications and consumer electronics. MirrorLink, a technology standard created by the consortium, ensures seamless communication between compliant smartphones and in-car systems like steering wheels, dashboard buttons and screens.
“The CCC is very pleased to have Wipro as a member,” said Mika Rytkonen, chairman and president of the CCC. “Like all of our members, Wipro has demonstrated vision and foresight by supporting MirrorLink. Wipro is a world leader in product engineering solutions and we look forward to the company’s contributions to the connected car industry.”
HCL Infosystems signs agreement with Intec
HCL Infosystems Ltd. India's premier Services and ICT Systems Integration, Distribution and Hardware Company today announced its exclusive tie up with Intec for distribution of its Speciality Printing Systems across the country. This is for the first time that Intec heavy stock and media printers will be distributed throughout India at a very competitive price point. The partnership will create market differentiation and enhance a fast growing niche market as it will provide commercial printers with heavy stock and specialist printing capabilities.
The exclusive partnership will bring special benefits for the printing and packaging industry in India as Intec's cutting edge technology combines with HCL Infosystems' vast distribution network. The Intec Specialist Printing Machine with printing above 300 GSM is beyond the capabilities of the currently available systems in India. Moreover this will be backed with a robust and trained HCL team which will help customers with effective technical support to make the most out of the machine. Service support will be provided by the Premium HCL Service under HCL Care, HCL Infosystems' Service and Support Division.
Chandigarh to have new IT Policy soon: Prerna Puri
Cognizant executive Prakash Gurumoorthy joins Group FMG as MD
Subex selected by True Corporation
Polaris plans to acquire 2-3 product companies: reports
Rolta establishes global OEM partnership with SAP
Wipro partners with ThinkVine
Azim Premji wins Forbes India's inaugural philanthropy award
Greek Visa Application Centres open in 8 Indian cities
Wipro ranks top by Greenpeace International
Worldwide platform as a service revenue on pace to reach $1.2 bn in 2012:Gartner
Worldwide platform as a service (PaaS) revenue is on pace to reach $1.2 billion in 2012, up from $900 million in 2011, according to Gartner, Inc. The market will experience consistent growth with worldwide PaaS revenue totaling 1.5 billion in 2013, and growing to $2.9 bn in 2016.
The category of PaaS includes suites of application infrastructure services, such as application platforms as a service (aPaaS) and integration platforms as a service (iPaaS); as well as specialist application infrastructure services, such as database platform as a service, business process management platform as a service, messaging as a service and other functional types of middleware offered as a cloud service. Users may subscribe to a cloud provider's PaaS or may buy a cloud-enabled application infrastructure product and build their own PaaS for private cloud (private PaaS) or public cloud consumption.
Samsung wins US court order: reports
U.S. judge has ordered Apple Inc to disclose to Samsung Electronics details of a legal settlement the iPhone maker reached with Taiwan's HTC Corp, including terms of a 10-year patents licensing agreement, according to reports.
Reports stated that the Korean electronics giant had earlier filed a motion to compel its U.S. rival to reveal details of the settlement that was reached on November 10 with HTC.
The Asian company argued it is "almost certain" that the HTC deal covers some of the same patents involved in its own litigation with Apple.
iGATE launches multi-million dollar campaign in North America
iGATE, the first integrated technology and operations company providing Business Outcomes-based solutions has announced an aggressive campaign to take on the dated-yet-prevalent 'Time & Materials' (T&M) outsourcing model used by majority of the IT Services companies globally.
This multi-media and multi-million dollar campaign is targeted at mega corporations in key global markets such as North America in order to shift the outsourcing model from an 'efforts' based model to a strategic 'results' based approach.
The T&M outsourcing model, used primarily since the onset of the IT industry, comprises of billing clients based on hourly efforts provided by vendors. iGATE aims to dispel the model with its Business Outcomes proposition enabled by its proprietary iTOPS (Integrated Technology and Operations) platform.
Roamware acquires Unify Group Holdings
Roamware, the Global Leader in Mobile Operator Service Solutions, announced the acquisition of Unify Group Holdings, a leading Mobile Virtual Network Enabler (MVNE). With this acquisition, Roamware enters the Mobile Virtual Network Operator (MVNO) market with an Integrated Core2SIM solution which offers everything from state of the art Core Network, OSS/BSS, Customer Care, Roaming, Local, Custom VAS and SIM services on a single platform, allowing MVNOs to scale their investments as their business grows. Roamware is also perfectly positioned to become a platform of choice for Mobile Network Operators (MNOs) who provide MVNE services themselves.
“MVNOs target subscriber segments and offer specialized services that MNOs cannot due to their commitment to larger segments.” said Ori Sasson, Chairman & CEO of Roamware. “Roamware has an in-depth understanding of the Mobile VAS ecosystem and brings to the table the best Roaming & Local VAS portfolio. With the acquisition of Unify, we offer an unbeatable plug and play MVNE platform to MVNOs and also empower MNOs to offer this platform to their MVNO customers” continued Sasson.
Cisco acquires Meraki
Cisco announced its intent to acquire privately held Meraki Inc., a leader in cloud networking. Headquartered in San Francisco, Calif., with offices in New York, London and Mexico, Meraki offers midmarket customers easy-to-deploy on-premise networking solutions that can be centrally managed from the cloud.
As the IT industry transforms in the mobile-cloud era, Cisco is solving customers’ networking and business enablement challenges by delivering cloud networking and device and security services. The acquisition of Meraki complements and expands Cisco’s strategy to offer more software-centric solutions to simplify network management, help customers empower mobile workforces, and generate new revenue opportunities for partners.
Meraki’s cloud networking solutions will expand Cisco’s network offerings by providing scalable solutions for midmarket businesses. The Meraki acquisition will also strengthen Cisco’s Unified Access platform, which makes IT more responsive to business innovation by simplifying IT operations and uniting wired and wireless networks, policy and management into one integrated network infrastructure, unlike other competitive offerings.
ORACLE TEAM USA working on new boat design with Dassault Systemes
Dassault Systèmes the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announced that ORACLE TEAM USA, winner of the 33rd America’s Cup in 2010 and 34th America’s Cup defender in September 2013, used its 3DEXPERIENCE platform to bring the team’s AC72 racing catamaran from concept to reality.
Dassault Systèmes’ innovative 3D software applications boosted ORACLE TEAM USA’s collaboration throughout the development process, enabling designers to quickly and easily make changes to the 72-foot racing yacht in order to optimize and perfect its performance. In addition, Dassault Systèmes’ 3D modeling application enabled ORACLE TEAM USA to render the entire catamaran and review it as a whole rather than piece-by-piece.
NI named among World’s Top 25 Best Multinational Workplaces
30% more IT investments by companies in Rajasthan to improve business: IBM
Intel introduces Xeon Phi Coprocessors
STMicroelectronics extends performance lead in semiconductors for smarter embedded electronics
Ground breaking ideas will change world at TEDxGateway’s 3rd Edition
Technology driving force for change in Brazil
Kelly Services Asia Pacific appoints Leif Agnéus as new APAC head
SAP named leader in application Infrastructure Magic Quadrants
Dell survey indicates businesses bracing for security
Hitachi Data Systems announces Scale-Out Platform for SAP HANA
Smoother downloading with Opera Mini 7.1 for J2ME and BlackBerry
Progress Software Announces New DataDirect
TI unveils industry’s first 4-MB Flash memory device for harsh environments
PBS Software announces PBS Nearline storage solution with actian vectorwise
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India Infoline Research Team / 10:47, Aug 24, 2015
In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.