Nearshore Journal

NEW YORK (Reuters) – Financial Engines Inc (FNGN.O), which provides financial analysis based on the work of Nobel laureate and co-founder William Sharpe, priced shares in its initial public offering above the expected price on Monday.
Palo Alto, California-based Financial Engines sold 10.6 shares for $12 each, raising about $127.2 million. It had planned to sell [...]

This guest post comes courtesy of Tony Baer’s OnStrategies blog. Tony is a senior analyst at Ovum.
By Tony Baer
We’d be the first to admit our surprise that Pegasystems has thrived as well as it has. Our initial impression of the company about four to five [...]

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 [...]