IT Newsletter – December 22 to 26, 2014

Infosys is in the midst of putting together a staff appraisal practice that includes some of the best practices followed at new-age companies, including Google and Facebook, and will start evaluating employees from October next, a report said.

Dec 26, 2014 07:12 IST India Infoline News Service

Top News
HCL Technologies: US Dollar continued to strengthen against almost all global currencies
HCL Technologies would announce its second quarter (October-December ’14) earnings in the last week of January 2015. The Company, through this pre-earnings brief, would like to highlight how the currency movements are likely to influence this quarter results.
During this quarter, US Dollar continued to strengthen against almost all global currencies like British Pound, Euro, AUD and so on. Since the company’s revenues are derived in multiple currencies, the revenues for the quarter to be reported in USDollar would have adverse impact of ~210 bps on account of strengthening of US Dollar against various global currencies. This impact has been computed using the exchange rate as on December 18, 2014.
Last quarter (July-September ’14), while the Company posted 1.9 % QoQ growth in US Dollar terms, this was after taking into account the adverse impact of 130bps on account of movement in various currencies and that the Company had delivered constant currency growth was 3.2%
Infosys plans to put staff appraisal practice: Reports
Infosys is in the midst of putting together a staff appraisal practice that includes some of the best practices followed at new-age companies, including Google and Facebook, and will start evaluating employees from October next, a report said.
Report stated that the new system will also see an individual's performance being judged by his team members and in many cases, even subordinates in the team.
"Today, we have a 360 degree feedback for senior people -- both internal feedback, and in some cases, through external feedback," said Srikantan Moorthy, HR head.
3i Infotech to sell Western Europe units to Objectway
3i Infotech Ltd has announced that 3i Infotech (Western Europe) Group Limited, a step down subsidiary of the Company, has signed an agreement to sell 3i Infotech (Western Europe) Limited and 3i Infotech (Flagship-UK) Limited (hereinafter together referred to as "3i Infotech Western Europe") to Objectway Financial Software, which is a leading provider of wealth management and digital software solutions in EMEA.
This sale is in line with the group’s strategy to sell its non-core assets / investments and use the additional cash generated from such sale to deleverage its balance sheet and for business purpose.
3i Infotech Western Europe provides investment management software solutions to midmarket UK firms.
Domestic News
Infosys building capabilities in the social, mobility, analytics and cloud space: Reports
Infosys under new CEO Vishal Sikka is building capabilities in the social, mobility, analytics and cloud space, as it has significantly upped its recruitment in this space, says report.
Report said that the company has built a 'Centre of Excellence' for AI at its Pune development centre and plans to train over 500 engineers every quarter.
Last Month, Infosys said it will hire 2,100 professionals in the US across consulting, sales and delivery in the next 12 months to scale up its global presence.
The company has also seen a 12 per cent rise in hiring in the cloud practice, says report.
TCS recognized as a Leader in Banking BPO by Everest Group
Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, today announced it has been recognized as a ‘Star Performer’ and  ‘Leader’ in Banking BPO by Everest Group in its report, “Banking BPO – Service Provider Landscape with PEAK Matrix Assessment 2014,” October 2014.
TCS’ positioning as a Leader is a result of its overall composite score on the back of its strong analytics capabilities, coupled with technology enabled services and dominant presence across all banking processes. Its designation as a Star Performer is based on its year-on-year movement on the PEAK Matrix.
The Everest Group report analyzed the relative positioning of 23 service providers using its Performance, Experience, Ability, and Knowledge (PEAK) Matrix for Banking BPO. Everest Group also analyzes service provider capabilities across multiple dimensions, including market success, scale, scope, technology capability, delivery footprint, and client satisfaction. The service providers are divided into three categories based on performance: Leaders, Major Contenders and Emerging Players.
Azim Premji infuses Rs 175 crore into Future Group company: Reports
Premji Invest, the private investment entity of the Wipro Chairman, has pumped Rs 175 crore into a promoter company of the Future Group in a structured deal, according to reports.
Report said that this move will help Kishore Biyani to sail through the upcoming rights issue of his flagship company and help him reduce the debt.
Infosys, Wipro chasing commodatised contracts: Reports
India's top IT Companies, such as Infosysand Wipro, are chasing commodatised contracts, according to reports.
Report stated that aggressive pricing strategy being adopted by the IT companies and their promise of value-added offerings to win contracts have made customers cautious.
McAfee: Mega trends that will dominate 2015’s security industry in India
Following are the mega trends that will dominate 2015’s security industry in India-
Increased use of cyber warfare and espionage tactics. Cyber espionage attacks will continue to increase in frequency as long-term players will become stealthier information gatherers, while newcomers to cyber-attack capabilities will look for ways to steal sensitive information and disrupt their adversaries.
Established nation-state actors will work to enhance their ability to remain hidden on victim systems and networks.
Cybercriminals will continue to act more like nation-state cyber espionage actors, focusing on monitoring systems and gathering high-value intelligence on individuals, intellectual property, and operational intelligence.
McAfee Labs predicts that more small nation states and terror groups will use cyber warfare.
Greater Internet of Things attack frequency, profitability, and severity. Unless security controls are built-in to their architectures from the beginning, the rush to deploy IoT devices at scale will outpace the priorities of security and privacy. This rush and the increasing value of data gathered, processed, and shared by these devices will draw the first notable IoT paradigm attacks in 2015.
The increasing proliferation of IoT devices in environments such as health care could provide malicious parties access to personal data even more valuable than credit card data. For instance, according to the McAfee Labs report entitled Cybercrime Exposed: Cybercrime-as-a-Service, the cybercrime community currently values stolen health credentials at around $10 each, which is about 10 to 20 times the value of a stolen U.S. credit card number.
Privacy debates intensify. Data privacy will continue to be a hot topic as governments and businesses continue to grapple with what is fair and authorized access to inconsistently defined “personal information.
HCL Technologies launches Hiral Videos
After the success of the first global end to end recruitment campaign run by HCL in February 2014, called the #COOLESTINTERVIEWEVER, HCL Technologies has elevated its effort of looking for talent in unusual places. To connect with millennial IT professionals and with people who would like to grab an exciting career at HCL, company has launched Hiral videos (a portmanteau of Viral and Hire) – viral videos that help hire the best talent for HCL.
The Hiral videos are creatively designed job description videos that appeal to the right candidate through their viral-watching connects. What makes it unique is that it does not focus on any target audience and simply aims to capitalize on the excessive use of social media by today’s professional and hence establish a direct dialogue with potential talent. With a global release of the campaign on Facebook, Twitter and YouTube, the videos aim to attract a global audience for positions in HCL offices around the world.
These videos containing pertinent job information are committed to reaching our desired talent pool and the perfectly suited candidates to help them begin a differentiated career experience at HCL. The campaign was launched on 19th November, 2014 and has generated an overwhelming response of over 160 million impressions, garnered over 275,000 views and increased HCL's website traffic by over 1,12000 hits.
International News
Kaspersky Lab launches online radar for the most dangerous cyber threats
As complex operations become an increasingly frequent feature of contemporary cybercrime, Kaspersky Lab is launching an online service that brings together all the information it holds on the most sophisticated cyber campaigns. The interactive Targeted cyberattacks logbook project displays the research and analysis of the company’s renowned Global Research and Analysis Team.
Currently, the team’s portfolio contains several years’ worth of research into 29 major targeted attacks, including high-profile campaigns such as Regin, Darkhotel, Cloud Atlas, and more. Through the new service users can explore links between threats as well as their trends and impact, or investigate the behavior of specific threats.
Perpetuuiti appoints Ashis Guha as Senior VP, Sales-APAC & ME
Perpetuuiti Technosoft (PTE), leading Business Service Continuity and Availability solutions provider, has announced the appointment of Ashis Guha as Senior Vice President, Sales for Asia Pacific and Middle East regions. Ashis has joined Perpetuuiti from Sanovi Technologies, where he was the President of Sales.
In his new role, Ashis will be responsible for building and developing the market for Perpetuuiti for the APAC and ME regions.  He will work closely with the management of the company to design strategies for accelerating the growth of the company in these markets.
“Asia Pacific and Middle East regions constitute critical markets for Perpetuuiti. Ashis’s record of creating and leading sales and ensuring excellence in team and product management will help us move our business to the next level.  Ashis’s proven ability to strategically grow business will add immense value to Perpetuuiti’s business. We are delighted to have Ashis on board,” said Rohil Sharma, CEO, Perpetuuiti.
“I am thrilled to join Perpetuuiti and look forward to accelerating the business growth through strategic sales, product, and team management. Perpetuuiti is poised for significant growth in the market and I am looking forward to be a part of this growth and contribute my best in the development,” said Guha.
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