Indian IT firms should seek big acquisitions, Gartner says
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If Indian companies want to join the world's top IT services companies, they must make sizable acquisitions, the analyst group says.
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A Gartner Inc. survey of some 1,300 CIOs in 30 countries found that they plan to spend more IT dollars this year, but they must target the money into areas that foster growth, such as business intelligence and improved business processes.
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After years of hearing that investing in IT was a smart strategic plan, business executives seem to have gotten the message, according to a new Gartner CIO survey released today -- but only when the dollars are going to technology efforts that have visible benefits for the bottom line, primarily externally facing initiatives involving customers or partners.
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New Delhi: Research firm Gartner Inc today said it will acquire IT consultancy firm Meta Group Inc in a $162 million all-cash deal.
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IT researcher Gartner will acquire Meta Group, also an IT research company, for about $162 million, Gartner said today.
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(InfoWorld) - The city of Hyderabad in the southern Indian state of Andhra Pradesh has attracted a number of large multinational companies to set up software, services, and product development operations. The city, which has the headquarters of Indiaâs fourth largest outsourcer, Satyam Computer Services, also has facilities of other Indian outsourcers, and multinational technology companies like Microsoft and Oracle. Hyderabad is now aiming to be the technology hub of India. The Hyderabad chapter of Indus Entrepreneurs (TiE), an association of entrepreneurs and professionals from the Indian sub-continent, has tied up with the Indian School of Business (ISB) to host TiE-ISB Connect, a conference this week for budding entrepreneurs to present their business plans and interact with venture capitalists. More than 150 new business plans in IT, pharmaceuticals, biotechnology, and the application of IT in life sciences and other fields are being showcased at the conference, up from 50 business plans a year ago, said Raju Reddy, chairman of the Hyderabad chapter of TiE, and chief executive officer of Sierra Atlantic, an outsourcing company in Fremont, California. The business plans, for setting up companies in Hyderabad, were selected from a large number that were submitted and are all of good quality, Reddy said Friday. Hyderabad attracts investment because of its large pool of skilled manpower, he said. People from Andhra Pradesh account for about 25 percent of Indians working in Silicon Valley, Reddy said. Even neighboring Bangalore, which is seen as Indiaâs main technology hub, employs many staff from Andhra Pradesh, he said. Hyderabad also scores better on infrastructure and a business-friendly government. Few other states can measure up to that, according to Reddy, in an obvious reference to neighboring Karnataka, whose capital of Bangalore is suffering from government inaction and poor infrastructure. Hyderabad also has some top educational institutions. The most recent entrant is the Indian School of Business, set up in association with some leading business schools abroad, which has a special program for entrepreneurs. Still, the city may still have some way to go before it beats out established technology centers like Mumbai, Delhi and Bangalore. A lot of companies are setting up in Hyderabad to find new pools of manpower, but the city lacks critical mass and the exposure it needs to attract the best entrepreneurs, said Sanjay Anandaram, a partner at JumpStartUp Venture Fund, a $45 millionÂ fund with headquarters in Mauritius. That may change, he said, but for now, the best business plans from a venture capitalists' point of view are still coming from Delhi, Bangalore and Mumbai. Most of the venture funding in the last 18 months has also gone to these three cities, he said.
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The market for personal computers will undergo ``three lean years&#39;&#39; starting in 2005, with a marked slowdown in demand, research firm Gartner said.
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Although India still gets the bulk of U.S. offshoring dollars, the number of countries companies are eyeing is expanding as they seek specific IT skills and follow-the-sun delivery.
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Don't put all your eggs in one basket India will likely remain the offshore king when it comes to firms farming out IT skills abroad, but businesses are increasingly looking to spread the risk by adopting several locations, according to Gartner.â¦
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The Indian Prime Minister has appealed to Japanese businesses to expand their ties with his country.
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Working Western contracts in India isn't enough. Now they're outsourcing too.
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Russia said it wants to emulate India's success in information technology as it wooed Indian firms for joint projects and called on both nations to team up to tap global markets.
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Gartner Inc. of Stamford, Conn., Monday acquired Meta Group, also of Stamford, for approximately $162 million. Gartner, a provider of research and analysis on the global information
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General Electric Co., a pioneer in businesss processing in India, is looking to reap up to one billion dollars from the disposal of outsourcing operations in the country, the Wall Street Journal reported in its Asian edition.
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India's biggest oil exploration firm, Oil & Natural Gas Corp., says it is in talks to buy the former assets of troubled oil producer Yukos.
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Dell CEO Michael Dell hinted Monday that his company could be shopping for more acquisition targets, and that they could be larger than the companies it has acquired to date.
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Economic necessity begets equality The Indian IT industry has started scouring the provinces for graduates to fill the burgeoning number of vacancies in the sector.â¦