Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Social Responsibility's Strategic Benefits
December 15, 11:30 AM - 12:30 PM US/Eastern (GMT-5)
Join Ed Granger-Happ, CIO of Save the Children, for a discussion of how creating an organization that is socially responsible improves staffing, retention, leadership development and overall corporate health.
Working With and Communicating to Your Board of Directors
January 13, 2009, 4:00 PM - 5:00 PM US/Eastern (GMT-5)
CIO panelists who will share tips and experiences working with their boards: Twila Day of SYSCO; Jeff O'Hare, West Corp.; Marc West, formerly with H&R Block.
IT's Role in Growing Mid-Market Companies
January 14, 4:00 PM - 5:00 PM ET (GMT-5)
Mid-market Council members will share their companies' stories and challenges in driving or coping with growth. Panelists represent Veterinary Pet Insurance, Medicis Pharmaceutical, and Intrax Cultural Exchange.
Learn more about the CIO Executive Council »
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UK SAP Consultancy Axon Recommends HCL's Offer
Axon Group, an SAP services provider in the UK, will support an acquisition bid it received last Friday from Indian outsourcer HCL Technologies, the company said Thursday.
October 02, 2008 — IDG News Service —
Axon Group, an SAP services provider in the UK, will support an acquisition bid it received last Friday from Indian outsourcer HCL Technologies, the company said Thursday.
Axon received an offer in August from another large Indian outsourcer, Infosys Technologies, but has now decided to withdraw its recommendation of Infosys' bid.
The bidding war for Axon is one of the few rare times Indian outsourcers have competed to acquire a company based outside of India.
The acquisition would give either Indian bidder access to the growing market for SAP services in the U.K., as well as larger revenue from Europe. Indian companies have been trying to reduce their dependence on the U.S., their largest market, by building up their business in Europe and Asia.
Infosys still has time to make a counter offer, according to people close to the situation. Infosys said Thursday it is still evaluating its options.
Axon's endorsement of HCL's bid marks the end of a 60-hour period after receiving the bid when the company could not change its position on Infosys' bid.
HCL made a cash offer last Friday that valued Axon at £441.1 million (US$817 million). In August, Infosys offered Axon a deal valued £407.1 million. HCL's offer would be 650 pence in cash for each Axon share, while Infosys offered 600 pence per share.
Copyright © 2008 IDG News Service. All rights reserved. IDG News Service is a trademark of International Data Group, Inc.
Redefining the Application Lifecycle
ROI Case Study: Increasing Call Center Productivity
The Business of Managing Content: Xythos Document Management & Microsoft SharePoint
Raising the Bar on Business Service Delivery: Best Practices in Application Performance
Optimizing Wide-Area Data Services Webcast
Why CIOs should embrace Web 2.0
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Just the basics, please. Sometimes we all need a refresher or we need to make sure our team and our colleagues are all on the same page.
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