Nearshore Journal

By John Cook
Bill Gates is no longer the world’s richest man. The Microsoft co-founder was knocked out of the top slot in Forbes annual ranking of the top billionaires.
So who is the richest? That honor now goes to Carlos Slim, the 70-year-old Mexican telecommunications mogul who showed an impressive net worth of $53.5 billion. That [...]

A look at the dashboard for Nimsoft NMS Unified Monitoring.
CA today continued its cloud computing buying spree, announcing that it has signed a definitive agreement to acquire monitoring provider Nimsoft, Inc. for $350 million in cash. The deal follows CA’s recent acquisitions of Cassatt, NetQoS and Oblicore and the planned acquisition of 3Tera.
Nimsoft offers [...]

By Roxanne Varza
France-based eXo has just raised a €4 million series A round with Auriga Partners and XAnge Capital to expand their business in the US.
The company, a provider of open source java middleware for cloud-based services, first set-up shop in San Francisco in October 2009. The opening of their US office followed a partnership [...]

By feBureau
Mumbai: During the last few quarters, Indian IT firms have been witnessing the impact of volatile currency movements on their top line. This quarter too, though there have been gradual currency movements, they are not volatile. Therefore, IT firms like Infosys Technologies are not expecting any major impact this quarter. S Gopalkrishnan, CEO and [...]

By Leo King and Anh Nguyen, Computerworld UK
Oil giant BP is aiming to remove a total of $7 billion (£4.7 billion) from annual operational costs, aided by a huge overhaul of IT, processes and project management.
Under a strategy taking place over a total of five years, the company began by successfully removing $4 billion (£2.7 [...]

By David Twiddy Staff Writer – Kansas City Business Journal
Sprint Nextel Corp. is losing an outsourcing contract with Time Warner Cable Inc. that may be worth as much as $250 million in profits a year.
Bernstein Research analyst Craig Moffett pointed out the loss in a research note Wednesday, saying he expects Time Warner’s payments to [...]

By Carl DiOrio
A couple of weeks after news came that the Hollywood Stock Exchange plans to launch April 20 as a real-money trading site comes word that a similar enterprise by Los Angeles-based Media Derivatives aims to begin operations after final regulatory approval is secured March 24.
The Trend Exchange differs from HSX’s planned Cantor Exchange [...]

(PR Newswire) March 2, 2010. – IGNIA Fund I, L.P., Latin America’s first social venture fund, announced today that it has completed its fifth closing. The round was led by the International Finance Corporation (IFC) with a US$10 million commitment and Corporacion Mexicana de Inversiones de Capital (Fondo de Fondos) with a US$7.5 million commitment, [...]

By Amol Sharma
Browse the typical I.T. company’s Web site and you’ll find a long list of tired, meaningless clichés in the “About Us” section. Something like: “We create value for clients with unique end-to-end solutions that streamline business processes and enhance operational efficiency.” Look depressingly familiar?
Marketing guru David Meerman Scott took India’s tech companies to [...]

NEW YORK, March 11, 2010…                              Ronald E. Berenbeim, principal researcher, business ethics, of The Conference Board, has been selected for a Fulbright Teaching Specialist Award to teach at the School of Law, University of Cergy-Pontoise during March and April, according to The Conference Board. [...]