Download - IT Sector2
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Submitted By:
Parekh Khushbu
Parmar Shilpa
Pandya Chandni
Shah Megha
Joshi Zankhana
Submitted To:
Ms. Esha Pandya
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1. IT sectors to see slower spending growth in 2012
Worldwide IT spending is forecast to total $3.8 trillion in 2012,a 3.7 per cent increase from the previous calendar year,
according to the latest outlook by technology researcher
Gartner. In 2011, worldwide IT spending totaled $3.7 trillion,
up 6.9 per cent from 2010 levels. Gartner has revised
downward its outlook for 2012 global IT spending from its
previous forecast of 4.6 per cent growth.
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2. 2012 will be a challenging year of IT firms: TCS
The depreciation in rupee's value is likely to benefit softwareexporters, but the global macro economic situation will pose a
challenge for the industry next year, a top official of IT giant
TCS said on "This year has gone very well and better than
what we expected.
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3. Kerala: CM promises steps to promote IT sector
The State Government is committed to formulate new schemesto overcome the stagnant situation prevailing in the IT sector
and to create an investment climate and attract prominent
international companies to invest in Kerala, Chief Minister
Oommen Chandy said.
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Acquiring company:Ebay
Acquired company:Zong
Headquarters:
Ebay: San Jose,California, US
Zong: Pakistan
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R eason
EBay announced that it will acquire mobile payments provider Zong for $240 million in
cash in an attempt to shore up its ability to
process payments for digital goods.
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Acquiring company: SAP
Acquired company:Success Factors
Headquarters:
SAP:Walldorf,Germany,Euro
pean Union
Success Factors: SanMateo,California,USA
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R eason:
SAP has announced plans to acquire cloud-based
business software provider Success Factors thedeal is worth $3.4billion.
Success Factors provides online tools for managing employee performance, including
performance management, setting goals andmanaging to them, setting compensationaccordingly, and training
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Acquiring company: Concur
Technologies
Acquired company: Tripit
Headquarters:
Concur Technologies:Washington,
USA, R edmond
Tripit :SAN Francisco, USA
Value: 130$ milion
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To bring order to the chaos of travel for both managed andunmanaged travel, and make life.
Better for business travelers.
To drive Concur¶s continued growth across all segments,geographies and customers.
It helps concur to better penetrate existing customer markets and segments.
It expands the addressable market for our services byreaching a new class of travelers.
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Previously unaddressed by corporate, managedtravel solutions.
Concur not only intends to fully support andcontinue Tripit¶s offerings, we intend to accelerate.
Innovation in this product category and expand thecompany¶s reach among more travelers andcompanies globally.
Through the acquisition of Tripit, concur gainstremendous talent on both the technology and
business side
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