Home » Industry » Business Process Outsourcing

Business Process Outsourcing

Acxiom Corp. Sells IT Business for $190 million

Acxiom, an enterprise data, analytics and software-as-a-service company, announced that it has entered into a definitive agreement to sell its IT Infrastructure Management business (Acxiom IT) to Charlesbank Capital Partners and M/C Partners for total cash consideration of up to $190 million. The sale is expected to close in the second quarter of fiscal 2016, following the satisfaction of regulatory ... Read More »

Accenture Information Systems & Technology (IS&T) to ‘Move Mountains of Ore’ at Rio Tinto

Rio Tinto, a global diversified mining company, will move to a ground breaking information systems and technology (IS&T) delivery model, partnering with Accenture (NYSE: ACN) to shape and deliver the transformation.  The new model will migrate core enterprise IS&T systems to an “As-a-Service” solution based in the cloud. It also incorporates consumption based pricing to ensure costs are fully flexible ... Read More »

Moody’s Names G V Mani as Chief Executive Officer of Copal Amba

Moody’s Corporation (NYSE:MCO) announced that it has named G V Mani as Chief Executive Officer of its Copal Amba unit. Copal Amba is a leading provider of offshore research and analytics services to the global financial and corporate sectors.  Mani will be responsible for providing strategic and operational leadership for Copal Amba. He will work with the senior management team ... Read More »

Moody’s to Acquire Full Ownership of Copal Amba

Moody’s Corporation (NYSE:MCO) announced today that it has agreed to acquire the remaining outstanding shares of Copal Amba.  Moody’s is currently a majority owner of Copal Amba, which was formed through the acquisitions of Copal Partners in 2011 and Amba Investment Services in 2013.  Copal Amba, a leader in the market for Knowledge Process Outsourcing (KPO), provides offshore research, analytics ... Read More »

Hearst Corporation to Acquire 80% Stake in KUBRA Data Transfer Ltd.

B-to-B Investment Puts Hearst in Leading Position to Provide Enhanced Digital Bill Delivery & Payment Services to Customers Across Many Industries Hearst Corporation announced the acquisition of an 80 percent stake in KUBRA Data Transfer Ltd., a leading provider of digital bill delivery and payment services with offices across North America.  The investment puts Hearst in a leading position to provide ... Read More »

Bertelsmann First Half 2014 Revenues Up 6.7%

Bertelsmann revenues for first six months of 2014 were Euro 7.846bn up 6.7%.  Nevertheless profits declined by 39% largely because the previous year’s figures had been boosted by windfall gains.  Subsequently Bertelsmann downgraded its full-year forecasts. Underlying or operating profit edged 0.4 percent higher to 1.015 billion euros. “The first six months of 2014 went satisfactorily for Bertelsmann. The significant ... Read More »

Evalueserve Acquires German Based Beyond Data GmbH

Global research and analytics firm Evalueserve announced the acquisition of German business intelligence provider Beyond Data GmbH.  The acquisition of Beyond Data and access to its technology and knowledge of data and business processes allow us to further enhance and complement our portfolio. Our clients will benefit from a combination of Beyond Data’s delivery platforms and Evalueserve’s research and analytics ... Read More »

Moody’s Secures Majority Equity Ownership Stake in ICRA

Moody’s Corporation (NYSE:MCO) announced that it has secured a majority equity ownership stake in ICRA Ltd., a leading provider of credit ratings and research in India, increasing its stake from 28.5% to over 50.0%. “The successful conclusion of our offer for a majority stake in ICRA will allow us to extend our strong ties as we work together to serve ... Read More »

Acxiom Divests 2Touch Call Center Operation

Acxiom® (Nasdaq: ACXM) has sold its U.K. call center operation, 2Touch, to Parseq Ltd., a leading European business process outsourcing service provider.  Parseq is a portfolio company of London based investment firm Parabellum Capital, backed by Harbourvest Partners. The transaction represents yet another step in Acxiom’s journey toward becoming a marketing technology company with a clear vision and singular focus. ... Read More »

Wipro and Net Suite Launch Business Process Software

Wipro announced the launch of its ‘Finance and Accounting Business-Process-as-a-Service’ (F&A BPaaS) solution for enterprises.  Developed in partnership with Net Suite, Wipro’s F&A BPaaS is a comprehensive, end-to-end business process solution that can help improve business agility, user experience and process efficiency. The F&A BPaaS solution enables enterprises to manage their global F&A operations, with extensive management reporting and analytics ... Read More »

Securefact Enters into Agreement with Industrial Alliance to Manage Lien Registrations for Auto Lending Division

Securefact Transaction Services, Inc. (“Securefact”), a trusted provider of both on-demand and managed services for secured lending, know-your-customer (KYC) requirements and regulatory compliance, announced that it has signed an agreement with Quebec City–based Industrial Alliance Insurance and Financial Services Inc. to manage their lien registrations, including PPSA and RDPRM registrations, amendments and discharges. “We are very pleased to be working ... Read More »

Tinubu Square 2013 Revenues Up 12%

International expansion reinforces steady development of credit risk software company Tinubu Square, the trusted source of credit risk solutions for trade credit insurers and businesses, experienced a 12% increase in turnover in 2013, continues to improve its net earnings and expects to grow exponentially during 2014 following expansion overseas and consolidation in both the UK and France. The news comes ... Read More »

Top 10 Tips for Managing Trade Credit in 2014

BIIA member Tinubu Square recently has issued its Top Ten Tips for Managing Credit in 2014: Signs of economic recovery should be treated with caution: Trade credit may well become more widely available in 2014, but it is crucial to exercise robust financial management and not to overstretch limits due to an improving market. Don’t overtrade and remember recovery never ... Read More »

Arvato Strengthens Growth Platform eCommerce Through Acquisition of Netrada Group

International service provider Arvato acquires major parts of Hanover-based Netrada Group and combines both companies’ eCommerce businesses.  The merger turns Arvato into one of Europe’s leading service providers for integrated eCommerce services.  The combined business activities will jointly generate a turnover of over EUR 300 million; the joint number of employees will increase to over 3,000. The transaction is as ... Read More »

Acxiom Begins Layoffs

Acxiom made good on its recent promise to reduce expenses by laying off approximately 50 workers – some in middle management positions.  A smaller contingency of upper management personnel were mare redundant last year after Acxiom announced restructuring.   More job cuts may be forthcoming before the end of March when the company’s fiscal year ends. Source:  Thecitywire.com Read More »