Feeds

Lehman Brothers' India ops saved from economic meltdown

As 300 Accenture jobs die in the UK

Remote control for virtualized desktops

A Japanese financial services outfit has agreed to purchase Lehman Brothers' India-based operational support businesses, rescuing roughly 3,000 people - including 1,200 IT professionals - from the worldwide economic meltdown.

The Tokyo-headquartered Nomura Holdings will acquire Lehman Brothers Services India Private Limited, Lehman Brothers Financial Services (India) Private Limited, and Lehman Brothers Structured Finance Services Private Limited - three companies set up in Powai, Mumbai in 2005.

Last month, Nomura said it would acquire Lehman Brothers' Asia Pacific franchise as well as its Europe and Middle East investment banking and equities businesses. The Asia-Pacific deal closed last week, and the Europe-Middle East will be finalized on October 13.

As you may have heard, Lehman Brothers filed for bankruptcy on September 15, after 158 years of banking. The company's high-profile demise fell between the US government's seizure of mortgage finance companies Fannie Mae and Freddie Mac and the collapse of Merrill Lynch.

But the good news from Nomura is balanced by some bad from Accenture UK. According to ZDNet UK, the consulting outfit has cut 300 to 400 jobs amidst The Meltdown. Systems integration and technology staff will be hit hardest, the site says.

ZDNet says it has obtained a company email sent to workers who may be affected by the layoffs. In the email, Accenture attributes the cutbacks on "softness in the [UK] marketplace [which] in part reflects the global economic uncertainties that many companies are experiencing and more specifically issues in the UK financial-services market." ®

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.