Information Technology
SSI completes AlbionOrion acquisition
CHENNAI: SSI Ltd has announced the completion of its acquisition of AlbionOrion Co LLC. The acquisition was completed by issuing 6,38,236 equity shares representing 6,382,360 GDSs on December 11 in favour of the sellers, and the remaining $15 million in
cash. The company had earlier remitted $5 million in cash as part of the cash-and-stock acquisition process, according to an SSI press release on Tuesday.
Sify launches subsidiary for portals
CHENNAI: Satyam Infoway Ltd has announced the launch of Satyam Webexchange Ltd, a wholly-owned subsidiary, which will offer a range of B2B portals in partnership with Indian and international e-commerce and trading sites.
Odyssey, PSI team up for security products
BANGALORE: Odyssey Technologies and the Bangalore-based PSI Data Systems Ltd have signed a memorandum of understanding to offer security and trust products for the finance industry.
HDFC Bank to deploy Intel Xeon servers
MUMBAI: HDFC Bank has announced that it will deploy Intel Pentium III Xeon processor-based servers as its new customer data warehouse.
Widia launches e-commerce site
BANGALORE: Widia India has embarked upon e-commerce by setting up a Web site to make the reach to the customers and them to the company easier to deal with the machine tools in which it has a leadership position in the country.
LG Soft sets up technology lab
LG Soft India has announced the setting up of the LG Electronics India Software Lab (LGE-ISL) in Bangalore with an investment of over $1 million. The lab was inaugurated by the IT Secretary, Mr Vivek Kulkarni.
Mac Info launches Net through cable
The Chief Minister, Mr N. Chandrababu Naidu, on Wednesday launched Mac Info's Internet through cable access service which bypasses the need for a telephone and a modem.
Idea2Solutions, Mphasis in strategic pact
Idea2Solutions (i2s), an incubator focused on healthcare technology start-ups, has formed an alliance with Mphasis, a global software architecture, integration and implementation company, to work on providing technology solutions to healthcare start-ups
incubated by i2s.
As ISPs battle it out in Hyderabad... Net users face deluge of service options
Within two years of the launch of the first private Internet service provider, Satyam Infoway, in Hyderabad, the situation has dramatically changed with the Internet users being bombarded with a host of options.
HPS, iXL to join hands in $65-m deal
HCL Perot Systems (HPS) will enter into a $65-million deal with iXL, which designs and builds Internet solutions, to provide back-end services.
Purpleyogi gets $13.8 m more
PURPLEYOGI has got $13.8 million in equity financing by At India, Softbank Venture Capital and Infosys Technologies. This brings its total funding to $33.1 million.
