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EPAM Systems, a software outsourcing services company, has announced the acquisition of B2BITS, a provider of solutions and consulting services to Capital Markets organizations within the financial services sector. According to the company, with this acquisition, EPAM now covers the entire value chain from domain knowledge and process consulting through customized high-performance architecture as well as development, testing and 24/7 support. Mark Bisker, CEO of B2BITS and industry veteran with over 25 years experience of leading technology development organizations at such companies as Schwab Capital Markets and Lava Trading heads EPAM’s new Competency Center.Competency Center consultants will be located in all major financial centers across the US and Europe, while production and support teams will be tightly linked into EPAM’s distributed development organization in Eastern Europe to combine cost efficiency with domain knowledge and strict SLAs.B2BITS has been delivering pre-built solutions, customizable frameworks, specialized testing tools as well as process consulting for Client Connectivity, FIX, FX, Options, Fixed Income, market data feeds, exchange gateways and electronic payment services since 2000.

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Tata Consultancy Services (TCS) has commenced the construction of its largest development centre, TCS Sahyadri Park, in Hinjewadi, Pune, Maharashtra. TCS Sahyadri Park will be developed over 50 acres of land to create a capacity of 20,000 seats with the first phase expected to be completed by March 2009 with 7,000 seats. The entire facility is scheduled to be completed by end of 2010.CS Sahyadri Park will drive the next phase of our growth in this area and help us access the skilled professionals and students from in and around Pune. On completion, the facility will provide direct employment to over 20,000 people as well as indirect employment to many more, said S. Ramadorai, CEO %26 Managing Director, Tata Consultancy Services.

his facility in Pune, is of special significance to us as TCS started its first R%26D centre, TRDDC, in this city well over two decades ago.Tata Realty and Infrastructure Ltd. has been mandated to develop the facility, while Frank Glynn of El Segundo, California, has been appointed as the principal architect for designing the facility along with Edifice Architects from Pune as the local architects. Frank Glynn was also the architect for the TCS facility in Sholinganallur, Chennai.

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Satyam Computer Services, global consulting and IT services provider, has announced that it has signed a MoU with Central Institute of Plastics Engineering %26 Technology (CIPET), Hyderabad, an autonomous Plastics Training %26 Application Research Institute, under the Ministry of Chemicals and Fertilizers, Government of India, for developing new engineering plastic materials through an Industry-Institute collaborative approach. The collaboration, according to the company is part of Satyam strategic initiative of developing a global innovative ecosystem of alliances to provide total engineering solutions to its global customers.

IPET Satyam relations will strengthen the research base in innovative plastic material development which will benefit the industry and community. This is one of the initiatives taken up by CIPET Hyderabad in the field of applied research to work closely with the demands of the industry, said Poomalai, Head %26 Deputy Director, CIPET, Hyderabad.The proposed alliance is aimed at synergizing the product design and development expertise of Satyam Engineering Solutions and application research of CIPET to develop innovative materials for new products being developed for customers worldwide.

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Consona Corporation, a provider of enterprise resource planning (ERP) and customer relationship management (CRM) software and services for the enterprise, recently made an announcement about acquiring substantially all assets of Configuration Solutions. Configuration Solutions, headquartered in Portage, Michigan, is into development of product configuration solutions for to-order manufacturers.Once the acquisition is complete, Configuration Solutions will continue to operate from its headquarters as a product line of Consona ERP, serviced by dedicated sales, support, services and development staff. Consona will maintain the Configuration Solutions brand and product names and remain committed to the ongoing sales, maintenance, support and enhancement of Configuration Solutions product and service offerings to meet the needs of both existing and future customers, said Consona. combining the resources of two leading companies, wel be able to provide more proactive service and support to our shared customers, said Bill Haynes, vice president of sales for Consona ERP.

Haynes added that the acquisition will not impact Configuration Solutions partner relationships with ERP solutions that compete directly with Consona ERP. t is our ongoing objective to provide unsurpassed service and support egardless of the ERP foundation a customer is using, he said.Ryan Colosky, former vice president of sales for Configuration Solutions, has assumed the role of general manager of the product line, reporting directly to Scott Malia, general manager of Consona ERP. After 16 years of focused dedication to the industry, Founder and CEO Dale Colosky has decided to retire.

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The key to this record is found in the last track, a live version
of - oh-my-gawd, yes! - Billy Idol’s sneer-fest Rebel
Yell. Bouncing out of Denmark with a sound rooted in
psychobilly surf-punk and setting up shop in southern California
has proved an inspired move for the trio, who have successfully
re-created a note-perfect ’80s LA hair-metal sound. It’s the aural
equivalent of a Ralph magazine cover: blemish-free, every
booming drum, slapping bass and ripping guitar swathed in reverb
and Pro-Tooled to a sterile sheen. What saves it from descending
into Skid Row farce are the yelping, growling vocal stylings of the
tattooed Ophelia, singer-bassist Patricia Day. This is a nutty
concept album of sorts, subtitled “Twelve Tales About Love and
Murder”, and given that Day’s singing in English, her second (or
third?) language, the lyrics come across as stilted and comical.
Day, guitarist Kim Nekroman and drummer Henrik Niedermeier are
great players, bordering on clinical, and the only two outstanding
songs in a solid set are the title track and the wipe-out
instrumental Horrorbeach Pt. II (there’s no Pt. I).

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In an announcement, Adobe Systems said that it joined the non-profit organization, the Linux Foundation, which is dedicated to accelerating the growth of Linux. Adobe also announced it is releasing an alpha version of Adobe Integrated Runtime (AIR), software for running and rich Internet applications (RIAs), to run on Linux.Released in February, AIR 1.0 (Adobe Integrated Runtime), is a runtime environment based on an open-source technology that constantly updates Web information based on the user routine and makes it accessible anytime, anywhere, without requiring a Web browser. Adobe AIR is a cross-operating system combining HTML, Ajax, Flash and Flex to bring rich Internet applications (RIAs) to the desktop.”With the alpha release of Adobe AIR for Linux and the Adobe Flex Builder for Linux alpha update, we’re delivering early releases of a first-class application runtime and RIA creation tool to the Linux community,” said Adobe platform business unit general manager David Wadhwani. “This allows us to have an open conversation with users during our development process, which will give us very valuable developer insights.”The Linux Foundation is a nonprofit organization devoted to creating awareness for and pledging support to the Linux platform. Other members include IBM, Google and HP. At the Linux Foundation conference in Austin, Texas next week, Adobe will debut the alpha version of the Flex Builder 3 development environment for Linux.

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Tata Consultancy Services (TCS) has signed a five-year, multi-million dollar contract to be the global engineering partner of ArvinMeritor, a global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry.As part of the agreement, TCS will support the localization and globalization efforts of ArvinMeritor engineering capabilities including product development and support for specific product lines in the Asia Pacific region. TCS will set up a global engineering center in Pune, India that will provide a broad range of product engineering services to cater to the global needs of ArvinMeritor with a specific focus on the Asian market.Regu Ayyaswamy, Vice President, Engineering and Industrial Services, TCS said, 揥e are pleased to be chosen as ArvinMeritor engineering partner as part of their global growth strategy. As ArvinMeritor extends its current competencies to new product categories through use of electronics and control technologies, TCS along with its Group Company INCAT will deliver end- to- end comprehensive solutions to support ArvinMeritor. Our Global Network Delivery Model will seamlessly ensure that ArvinMeritor experiences certainty in all aspects of our relationship in any part of the globe.Specific terms of the deal were not disclosed by any of the companies.

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For half their lifetime now, being REM has looked as much like a
prison sentence as a blessing. That alleged $80-million advance
from Warners in ‘96 was a diabolical deal that left them playing
catch-up to ludicrous expectations. The back-to-basics feel of
Accelerate is welcome, if predictable after the listless
layering of 2004’s career low, Around the Sun. The title
and crackling momentum of Living Well is the Best
Revenge underscore the sense of reignition that carries the
best tracks, including the middle-fingered salute of Man-Sized
Wreath and the radio-bound Hollow Man, which comes at
a bracing clip despite Michael Stipe’s introspection. The comeback
is not without ingratiating motifs: Mike Mills’ yodelling backing
vocal seals the flagrant REM-by-numbers approach of
Supernatural Superserious, and Peter Buck refinds his
religion with the mandolin highlights of Houston. Another
pair of two-minute sandblasters at the end bode well for a world
tour, as well as a late reminder of an often mislaid sense of
humour: “I’m gonna DJ at the end of the world,” Stipe reckons.
Happily for his band, it’s been postponed.

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Yahoo India has recently appointed Ram Narayanan as VP, Product Management, Marketing Products Division (MPD). With Yahoo India, he would be responsible globally for building platforms and products aimed at enabling advertisers to have different customized advertising options.Working closely with Shouvick Mukherjee, a Yahoo veteran, who has recently been given the responsibility of VP, Engineering for the MPD, Ram will be based out of Bangalore and report locally to Sharad Sharma, CEO, Yahoo India Research %26 Development, and functionally to Mark Morrissey, SVP, Product Management, MPD, Yahoo. Prior to joining Yahoo, Ram worked with Microsoft in India as well as Redmond, WA from 2000.

He was the Business Manager and Technical advisor to Chairman, Microsoft India and the founder of the High Performance Computing Group. From 1992 to 2000, Ram was responsible for founding two companies called Innosol Inc. and Engineering Dynamics Inc. in Michigan delivering engineering software and services to the automotive industry.These appointments are in line with the new initiative at Yahoo India to create a CoE (Centre of Excellence) for Mass Market Advertisement (MMA) in Bangalore. Yahoo said that, both Ram and Shouvick will drive the creation of the next generation of Mass Market Advertiser products for Yahoo and create value for the MMA CoE. The MMA CoE will help drive self-serve solutions for advertisers and agencies and the main focus of the team will be to provide small advertisers with a simple advertising platform that drive greater value to their businesses, further added the company.

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Satyam will leverage the capabilities of Pegasystems SmartBPM Suite to drive business agility, grow revenue, and improve productivity for its global customers. The CoE will develop unique frameworks and methodologies to implement BPM solutions featuring Pega, said the company in a statement. he new capabilities for capturing business requirements directly in the tool are revolutionary, and significantly increase the efficiency with which applications are delivered. These capabilities also reflect business objectives more accurately.

We are pleased to launch the Pega BPM CoE, and look forward to implementing these robust applications for our customers, , said Sriram Krishnan, senior vice president of Satyam Consulting and Enterprise Solutions Practice Satyam has had a global strategic partnership with Pega since 2003, and provides consulting and implementation services on SmartBPM, notably design and delivery of industry solutions for insurance, healthcare, banking, and financial services customers. In addition, establishment of the CoE is evidence of Satyam commitment to making Malaysia a software development hub. These efforts support Satyam Global Delivery Model 2.0 (GDM), an integral part of its strategy to provide a distributed delivery capability for global customers via an alternative, multi-country workforce.

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