Tag: Infrastructure Management Services

Wipro wins $100m deal from Munich Re | In the News

Wipro has won a $100 million, five-year integrated outsourcing contract from German reinsurer Munich Re that involves infrastructure management services and application development. TCS was the other major contender for the deal.

Jimit Arora, who leads US-based advisory Everest Group’s IT services research practice, said he has witnessed increased investments from insurers in trying to drive end-to-end transformation of their technology estates.

Read more in The Times of India

HCL Technologies : puts $780M in IP tie-up with IBM | In the News

HCL Technologies has taken an unconventional route to partially offset the slowing down of its traditional workhorse – infrastructure management services (IMS).

India`s fourth-largest IT services firm has pumped $780 million into five intellectual property (IP) partnerships with IBM. The spend on these IP deals, signed over the last five quarters, surpasses the company`s capital expenditure in the four years beginning 2013-14 ($695 million). The partnership has so far yielded revenue of a little over $200 million.

Jimit Arora, who leads Everest Group`s IT services research practice, said in the future of IT services, ecosystems will be key to the relevance of companies. He said a variety of models will evolve, including frenemies / competitors.

Read more in 4-traders

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