Tuesday, April 14, 2009

News of the Day

Indian Joint Venture Makes Highest Bid for Satyam Computer Services
The New York Times reported that Tech Mahindra, a joint venture between the BY Group and the Indian conglomerate Mahindra & Mahindra, was the high bidder for Satyam Computer Services with an offer of $1.2 billion. Satyam has been losing clients, investors and employees since its chairman admitted to accounting fraud in January.

Outsourcing Not the Big Savings Firms Expect.
Business Center.com ran an article that discusses a study performed by Compass Management Consulting. The report says that companies rushing to outsource software development for quick savings actually risk significant losses in productivity because developers do not fully understand business requirements, according to the consultants. This situation holds true for any company planning to outsource a business processes. Failure to plan properly can lead to wasted time and effort.

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