WEYERHAEUSER TAPS HP FOR GLOBAL SERVICE CONTRACT...HP has signed a seven-year global IT services contract to run, manage and support the distributed IT environment of Weyerhaeuser Company, an international forest products company. Under the contract, HP will provide Weyerhaeuser a single point of contact for client and server management, software and storage management, business continuity and availability and disaster recovery solutions, as well as mission-critical technical support and lifecycle management services. HP will also provide End-User Workplace Solutions such as its Global Service Desk services and desktop, mobile and messaging solutions.
CSC NAMES PRESIDENT, AMERICAS OUTSOURCING...As part of the companys comprehensive new growth strategy, called Project Accelerate, Computer Sciences Corporation announced that it is realigning company resources to strengthen its outsourcing business. Joe Doherty, 47, previously vice president, aerospace and defense industry within CSCs Technology Management Group, has been named President, Americas Outsourcing. He will be responsible for execution of the companys outsourcing strategy in the Americas, including growth in target market segments, as well as the integration of account management and service delivery organizations across the region.
ADP REPORTS STRONG YEAR...Automatic Data Processing, Inc. reported 14% revenue growth to $7.8 billion for the fiscal year ended June 30, 2007, Gary C. Butler, president and chief executive officer, announced today. Pretax and net earnings from continuing operations grew 19% and 21%, respectively. Diluted earnings per share from continuing operations of $1.83 increased 26%, from $1.45 per share a year ago on fewer shares outstanding, including the fiscal 2007 first quarter net one-time gain primarily from the sale of a Dealer Services non-core minority investment. Excluding the net one-time gain, diluted earnings per share from continuing operations were $1.80, an increase of 24% over last year.
BISYS SHAREHOLDERS APPROVE CITI MERGER...BISYS announced that its shareholders voted at a special meeting of shareholders to approve the previously announced merger providing for the acquisition of BISYS by a subsidiary of Citibank N.A. Over 99% of the shareholders present or represented at the special meeting voted for the adoption of the merger agreement. The votes cast represented the affirmative vote of holders of approximately 69% of the issued and outstanding shares of common stock of BISYS.
OPI NAMES MD...Outsource Partners International, Inc. announced the promotion of Bryan MacQuarrie to Managing Director. MacQuarrie, who has been at OPI since its inception in 2002, has served as the architect and manager of a number of outsourcing transitions for OPI clients. In this new role as Managing Director, MacQuarrie will also take on primary client management responsibilities.
New Business
EDS has been selected by the U.S. General Services Administration (GSA) to provide information technology (IT) solutions for all federal government agencies under the newly awarded GSA Alliant contract. EDS is one of 29 companies that may compete for task orders under the $50 billion Indefinite Delivery/Indefinite Quantity contract.
YRC Worldwide has selected Perot Systems to support development of future business systems for the company's multiple brands. Terms of the multi-year consulting and applications services agreement were not disclosed. The business relationship includes supporting and modernizing current applications across divisions of YRC Worldwide. It also includes migrating to standard architecture and technology for applications across all functional domains.
The Rhode Island Department of Health has awarded EDS, the states longtime Medicaid fiscal agent, a three-year contract to design, implement and manage the nations first statewide network for electronic health records. The contract, valued at $1.7 million, includes four 12-month options and will be managed from EDS Electronic Health Record Center of Excellence in nearby Warwick. The network is expected to go live in the summer of 2008.
European News
Satyam Computer Services, Ltd. has signed two multimillion-dollar contracts to support FIFA, one of the world's premier sports organization, and its major forthcoming events. Satyam has not only been selected to develop a customized Event Management System, but It has also been chosen to build an extranet and intranet for FIFA over the next 12 months. Satyam's partnership will also include full, uninterrupted support for both solutions for FIFA.
Infosys Technologies Ltd has signed a multi-million dollar outsourcing contract with Royal Philips Electronics of the Netherlands. As part of the agreement, Philips will enter into a multi-year contract with Infosys BPO to provide Finance & Accounting (F&A) services and the processing of purchasing orders. Infosys will also acquire three shared service centers located in India, Poland and Thailand from Philips. The contract is among the largest Finance & Accounting BPO engagements from India and will expand Infosys global network, particularly strengthening its European operations