VARINDIA IT MAGAZINE

Hewlett Packard Enterprise (HPE) has announced plans for a spin-off and merger of its non-core software assets with Micro Focus in a transaction valued at approximately $8.8 billion. The combination of these software assets which includes HPE’s Application Delivery Management, Big Data, Enterprise Security, Information Management & Governance and IT Operations Management businesses and Micro Focus’ highly complementary portfolio will create one of the world’s largest pure-play software companies. The move enables Hewlett Packard Enterprise to realize its vision of being the industry’s leading provider of hybrid IT, built on the secure, next-generation, software-defined infrastructure that will run customers’ data centers today, bridge them to multi-cloud environments tomorrow, and enable the emerging intelligent edge that will power campus, branch and IoT applications for decades to come.... Read More

PayU , the global online payment service provider has acquired Citrus Pay , a leading Indian payments technology player for $130 million. PayU’s $130 million transaction is the largest ever M&A cash deal in Indian fintech, demonstrating its payments and financial services expansion strategy. The deal will grow PayU India customers to more than 30 million, processing a forecasted 150 million transactions in 2016 worth a combined $4.2 billion, growing at 50 per cent YoY. The agreement also enables PayU to quickly bring additional innovative financial services to market for its business and consumer customers. Amrish Rau , currently Citrus Pay managing director, will become CEO of PayU in India. Reporting to PayU Global CEO, Laurent le Moal , he will lead a talented entrepreneurial management team across PayU and Citrus Pay.... Read More

SAP announced that it is the first MNC technology company to be awarded the worldwide Economic Dividends for Gender Equality (EDGE) certificate, recognizing its global commitments in achieving gender diversity and equality in the workplace. The EDGE Certification is the premier standard and methodology for evaluating a corporate commitment to gender equality. SAP’s worldwide certification process began in March 2016 — after it became the first tech company in the United States to achieve EDGE Certification earlier this year. Global certification, which requires that countries that comprise 80 per cent of an organization be included, was awarded after a third-party review of company data, gender practices and employment policies, and employee survey results in an additional 12 countries – Australia, Brazil, Canada, China, the Czech Republic, France, Germany, India, Ireland, Japan, Singapore and the United Kingdom.... Read More

Amdocs, the leading provider of customer experience solutions, announced Amdocs Optima, a new digital customer management and commerce platform for mid-sized enterprises. Designed for mid-sized communication businesses and digital enterprises of all sizes to monetize any product or service, Amdocs Optima supports the entire business lifecycle, from order to cash, and can be deployed on premise or in the cloud. Amdocs Optima allows service providers to quickly enter a new vertical, line of business or geography, offering sophisticated revenue management capabilities to support pre- and post-paid customers and any B2B model, across all channels. The new platform consolidates and expands on Amdocs’ offerings for mid-sized communication businesses, mobile virtual network operators (MVNOs) and digital enterprises, including acquired products, and introduces a unifying business integration layer and a sophisticated user interface with a common, cloud-based arc...

Around 70 companies have applied for Virtual Network Operators license to Department of Telecommunications (DoT) , government of India. According to industry insiders, the list of 70 companies does not include any large corporates but majority of VNO applicants are interested in starting ISP services. On the operator front, BSNL has shown active interest in joining hands with VNOs as it will help in extending its network to new customers and also help in increased capacity utilization of its mobile network. Initially Datawind and Oxigen had shown interest for virtual network operators license but VARINDIA could not confirm whether they applied for VNO license.... Read More