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Wipro Technologies buys Infocrossing for $600m
 
 Wipro Technologies,
India's third-largest
software company, is to
acquire US-based
Infocrossing Inc., which
provides information
technology outsourcing,
for $600m in an all cash
deal that is perhaps the
largest ever by an
Indian technology
company. Wipro said the
deal will create one of
 
  
   
 
 
 
 acquisition Wipro plans
to merge Infocrossing
with a US unit.
   Through the
acquisition Wipro
deepens its presence in
the US with the addition
of five data centre
locations and
approximately 900
employees.
   Infocrossing provides
a full portfolio of
 
 infrastructure
management solutions,
including server
management, mainframe
outsourcing, network
management and security
services. For the 12
months ended 31 March,
2007, the firm had
revenues of $232.4m and
net income of $9.3m.
   Infocrossing also has
"significant" expertise
 
 in Health Plan & Payer
Management segments. It
provides contracted
services to more than 90
managed care
organisations.
   Wipro expects the
combined business to
touch $1bn in 24 to 36
months.
  
 
 the world leaders in
end-to-end IT
infrastructure
management solutions.
   It will pay $18.70 a
share for Infocrossing,
a 5.5% premium to the
closing price on 3
August. After the
 
 
BT extends finance and accounting contract with Xansa
 
 Xansa has secured a
£128m extension of its
Business Process
Outsourcing contract
with BT until March
2014.
   Under the extension,
Xansa will continue to
manage BT's UK
operations for finance
 
 and accounting (F&A)
transaction processing,
ledger and payroll
services, leveraging a
combination of Xansa's
onshore and offshore
capabilities in award
winning shared service
centres in UK and India.
   Building on a 20-year
 
 relationship, this
extension worth £128m
over six years to Xansa,
covers F&A processing,
accounts payable, cash,
treasury, payroll,
ledger and reporting
services.
   Xansa chairman and
acting chief executive
 
 Bill Alexander
commented: "Extending
the service to Xansa's
foundation client, BT,
is a reflection of the
value added over the
last five years and the
evolution of quality in
this fast developing
market. It also
 
 reinforces Xansa's
position as the largest
European provider of F&A
services."
  
  
  
 
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