Companies & Products

Special Preview: The QA Financial Forum New York, November 29th

Capital One's Adam Auerbach

When Capital One’s co-founder and CEO Richard Fairbank launched his digital banking strategy in earnest with a $9.9 billion acquisitions of ING’s online banking business in the US back in 2009, he noted that the US had more bank branches that gas stations. While he could see the need for gas stations, he couldn’t see »

Amazon Teams With VMware for Hybrid Cloud to Rival Microsoft

VMware will deliver, sell and support a product that lets customers use their existing VMware software with access to Amazon’s cloud-based storage, database and analytic software, the companies said Thursday in a statement. Hybrid solutions allow customers to run applications on their own servers and through various remote cloud-based applications simultaneously. Called VMware Cloud on AWS, »

Accenture and Applause announce strategic partnership

Applause vice president of marketing.

Consulting firm Accenture has cemented its strategic partnership with the US crowdsourced testing provider Applause with an acquisition of a minority stake in the company. Though no financial details of the deal with Accenture were made public, Applause raised $35 million in its latest round of funding, a part of which came from Accenture’s investment. »

Infosys Cuts Sales Forecast Again as Clients Trim Spending

Sales in U.S. dollar terms will rise 7.5 percent to 8.5 percent in the 12 months ending March, the Bangalore-based company said Friday. That compares with a July forecast by Asia’s second-most valuable exporter of software services for growth of more than 10 percent. The company also posted second-quarter net income of 36.1 billion rupees »

Tata Consultancy Beats Estimates on New Contracts, Services

Tata Consultancy Services Ltd. posted quarterly profit that beat analyst estimates on new contracts and a push into cloud computing and digital services that is helping weather lackluster global IT spending. Net income rose to 65.9 billion rupees ($985 million) in the three months ended September, the Mumbai-based company said Thursday. That compares with the »

This Bank-Beating Trading Powerhouse Doesn’t Use Human Traders

But in a world where the difference between profit and loss can be tiny fractions of a second, XTX says it relies more on smarts than speed. Instead of building microwave networks to ferret out prices a microsecond before anyone else, XTX uses mathematical models that are tuned with massive data sets. It says its technology »

Wells Fargo Forms Tech-Payments Group, Promotes Two Managers

Wells Fargo Forms Tech-Payments Group, Promotes Two Managers

As head of the Payments, Virtual Solutions and Innovation unit, Modjtabai will report to Chief Operating Officer Tim Sloan, according to a statement Monday from the San Francisco-based bank that also disclosed two promotions and other management changes. The new business brings together seven leaders responsible for operations including technology innovation, consumer cards, deposit products »

Cigniti releases test platform with predictive analytics

Cigniti, a test service provider publically listed on the Mumbai and National Stock exchanges with headquarters in Hyderabad, has released BlueSwan, which it describes as “a next-generation testing platform”. BlueSwan is not sold independently, but is offered as part of Cigniti’s testing service offering. It is the next step in the development of the Cigniti’s »

U.K. Software Company Misys Plans $635 Million London IPO

Misys

The shares will begin trading on the London Stock Exchange in early November, the company said in a statement Thursday. Proceeds from the sale, along with money from new borrowings, will be used to repay existing debt, Misys said. Vista and Misys board members and management also may sell stock in the offering, according to »

Cognizant Tumbles as President Leaves Amid Investigation

Gordon Coburn, who had been at Cognizant for two decades and most recently served as its president, resigned earlier this week, the Teaneck, New Jersey-based company said in a filing Friday.The probe is focused on a small number of company-owned facilities, the company said without elaborating. The stock fell 15 percent to $46.73 at 11:04 a.m. »

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