Outsourcing Provider Achievo Raises $24 Million
440427
China-based Achievo has raised $24 million from private and institutional investors.
360949
Fourth-quarter earnings jumped 64 percent, due in part to a $214 million gain from a tax benefit, as well as more streamlined operations at the military contractor.
767403
Clearwire Corp., a wireless Internet services provider founded by cellular phone pioneer Craig McCaw, raised $600 million in its initial public offering which valued the entire company at just over $4 billion.
175558
Startup Diligent Technologies has raised $22 million in new equity. The financing round was led by US venture capital fund Matrix partners, which made its first investment in Israel, and Accel Partners.
201099
Profit for the Internet auction giant rose 24 percent on increased business in its core auction marketplace during the holiday months.
92957
(InfoWorld) - Banking and insurance conglomerate ING Group has finalized contracts worth â¬750 millionÂ ($994 million) with a consortium of companies to provide workspace services for its 53,000 employees in Europe. The contracts with Royal KPN, Getronics, Atos Origin, and AccentureÂ are each for seven years and cover the installation, maintenance, and support of desktop PCs, laptops, printers and telephones, the companies said Thursday. It's the biggest of three outsourcing deals that ING has finalized recently, worth a combined total of â¬1.3 billion. They are part of a cost-cutting plan announced last November that is designed to save the company â¬460 million per year, including â¬230 million from operations and IT. ABN AMRO Bank made a similar moveÂ last year, announcing a plan to outsource its IT operations worldwide in a series of deals worth â¬1.8 billion over five years. The bulk of that contract went to IBM. KPN took the biggest slice of the latest ING contract. It was awarded â¬269 million to provide fixed and mobile communications, call center, LAN (local area networking) and conferencing services for staff in the Netherlands and Belgium. Atos Origin was awarded â¬216 million to design and manage ING's back-end office automation, including e-mail and the active directory, and provide related support for end users. Getronics was awarded â¬213 million for help desk and on-site support for end users, as well as hardware purchasing and asset management. Accenture was awarded â¬52 million to be the "integrator," coordinating services and managing the supplier contracts. When ING announced an initial agreement with the four companies in July it said the contracts would run for five years and be worth about â¬800 million. It estimated that 550 full-time employees would be transferred to the contractors. That number will now be 430, it said Thursday. Of the earlier outsourcing contracts, on Nov. 6 ING finalized a six-year, â¬200 million deal with LogicaCMG for application management, IT maintenance and testing. And on Dec. 6 it signed a seven-year, â¬350 million contract with the U.K.'s Astron to process its banking and insurance documents.
730002
Bivio Networks, Inc., the leader in high-speed network appliance platforms for delivery of deep packet processing applications, today announced the company has secured $8.5 million in venture capital funding.
37029
The loan servicer is raising some serious cash.
482289
Cisco Systems will pay $74 million for Perfigo, a developer of packaged network access control products. Perfigo&#39;s product, CleanMachines, will bolster up Cisco&#39;s network security offerings for the small and mid-size business market.
169560
Surge follows details of government's plan to convert Â£24bn of loans into bonds
473684
Waterfront Media raises $25 million to expand its health and fitness Web business, another example of money flowing into sites that target older users.
632184
Company is upgrading current support and service program to draw more mainframe customers.
621165
Lenovo will pay $1.25bn (Â£647m) in cash for the business, which is expected to transform it into the world&#39;s number three PC maker.
235236
Robert Lee knows how to acquire software companies. The chairman and chief executive officer of Achievo oversaw theÂ acquisition of several companies, including the 1990 buyout of Peter Norton Computing, during a stint as executive vice president of Symantec.
233514
A new anti-obesity drug that works in the same way as Sanofi-Aventis's Acomplia has advanced in clinical trials, triggering a $25 million payment to Belgian drugs, chemicals and plastics maker Solvay.
539758
Banking and insurance conglomerate ING GroupÂ has finalized contracts worth â¬750 million ($994 million) with a consortium of companies to provide workspace services for its 53,000 employees in Europe.
567349
Under the Project Bioshield program, firm will make 75 million doses of a newly developed vaccine.