Manchester: And what else happened last week? A round-up of the rest of the news in brief.
- Capita plc acquired Clinical Solutions Holdings Limited for a £20m in cash, on a cash free, debt free basis. Clinical Solutions provides clinical decision support and clinical content products for healthcare professionals. Its products comprise patient management software, clinical content and decision support technology, which have been used to triage and manage over 70 million clinical calls over the past 10 years in the UK and abroad. Its clinical knowledge software reduces the cost of emergency care by directing non-urgent patients to local health support. Clinical Solutions made an operating profit for its financial year to 31 December 2011 of £6.5m on turnover of £24.2m.
- Atos formed an alliance with Yonyou (formerly UFIDA), a Chinese leader in management software solutions and cloud services in Asia-Pacific. This new strategic partnership will address the growing Cloud market in Asia Pacific, targeting the private cloud market in China and the public cloud for the rest of Asia Pacific. In addition, the two companies will work together to introduce new integrated manufacturing solutions to the Chinese market.
- In the UK, ASE Consulting joined the Management Consultancies Association. Robin O'Connor, Director at ASE Consulting, said, "This is a natural and consistent step for ASE to join the high standards of the MCA as we move into the next phase of the company's growth. We hope to contribute to the professions "voice" in the market and share their knowledge and understanding with that of our own, extensive experiences."
- Accenture has expanded its global network of "Innovation Centers" for SAP solutions with the opening of new centres in Beijing, Tokyo, and Singapore. It says the centres will focus on accelerating the development, delivery and commercialization of business solutions based on SAP technologies, and will help clients increase speed to market, enhance flexibility, and improve business performance.
- Global competition in financial services has been transformed by the rapid growth of developing economies. Innovative emerging-market companies have vaulted into the top rank of high-performing, world-class financial providers. They now dominate the list of financial companies with the highest shareholder returns, according to a new report by the World Economic Forum. Redefining the Emerging Market Opportunity: Driving Growth Through Financial Services Innovation, which was prepared in collaboration with The Boston Consulting Group, recommends that established financial providers worldwide look to developing countries as the leading source of long-term business growth and shareholder return. Emerging economies now represent "a historic opening to provide new financial services to low-income populations rapidly transitioning to middle-income status, as well as to regional companies evolving to world-class competitors," according to the report, which was released at the Forum's East Asia Summit in Bangkok.
- Logica has opened a new innovation centre in Norway. The Innovation Spark Centre in Oslo is the ninth of its kind and will offer customers and suppliers an avenue to explore new ideas together, in an environment that facilitates creativity, dialogue and insight. The centres, used by thousands of employees, customers and partners in Logica locations all over the world, have been designed to create an innovative sales experience where customers and suppliers can explore new ideas together. The main focus of the Oslo Spark Centre will be the utility sector and professional services. The first initiative will be a utility demonstration called 'Smart 24', a concept focusing on technology and knowledge within the area of smart metering.
- India's "Generation Y" is fast changing the "communication paradigm" by quickly adopting new modes of networking using social platforms like Facebook, Twitter, as well as tools like instant messaging (IM) and chat, according to the findings of the Tata Consultancy Services' GenY survey 2011-12. The findings of India's largest survey of over 12,300 high school students across 12 Indian cities reveal that smart devices and online access are making GenY "instant connectors." This is transforming the way tomorrow's professionals are conducting their academic and social lives.
- Towers Watson has appointed Sabine Leboulanger in France and Henning Maass in Germany to lead the growth of its Insurance Management Consultancy (IMC) practice in Europe. Sabine Leboulanger joins from AXA where she was chief risk officer for its French subsidiary and also led the company's Solvency II project in France. Henning Maass was previously country manager for Alico (AIG) Life in Germany.