Outsourcing: Arul Murugan, Founder and CEO of Enrich IT (Part 2)

Sramana Mitra: You have this business from a financial services client. How does that business roll out from an implementation point of view? Is it that you are providing them with the 30 people that you were talking about, or is it [something else]? Arul Murugan: Those 30 people are aligned for the managed services project

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Outsourcing: Arul Murugan, Founder and CEO of Enrich IT (Part 1)

Enrich IT was founded by Arul Murugan and his wife, Kavitha Palani, with the idea to help companies by providing them with tailored solutions in areas like business process management, technology services, enterprise application management and software licensing. Bootstrapped with $25,000, the company is now a multimillion dollar enterprise that specializes in Oracle supply chain

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Oracle Acquires Sun. OpenSource, First. SaaS, Next.

The media chattered and twittered about the mega players HP, Cisco and IBM following the news of IBM’s desire to acquire Sun. No one talked about Oracle as one of the mega players in data centers. Larry Ellison’s ego apparently didn’t like that very much!

Deal Radar 2009: Greenplum

We kick-start this week’s Deal Radar with the San Mateo, CA-based data warehousing company, Greenplum. Scott Yara and Luke Lonergan merged their two independent ventures to create Greenplum in 2003. The two saw that with the rise of the Internet, companies began to collect a thousand times more data than they did just a few

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SAP Looks Strong

SAP released their second quarter earnings last Tuesday. The company’s revenue surged 18%, beating Wall Street expectations and causing the stock to close up nearly 10%. Since the results were released, the stock has been trading in the same price band, which is near its seven-month high. The stock closed at $57.86 yesterday, just two

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SaaS: Omniture and Citrix

Omniture declared their second quarter earnings on July 23. Net loss was $6.5 million or $0.09 per share, compared with $4.1 in the second quarter of 2007. GAAP revenues for the same period were $71.6 million, compared with $63.2 million in the previous quarter and $33.5 million for the same period a year ago. This

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Oracle Still Not Keen on SaaS

Oracle Corporation (NASDAQ: ORCL) reported its Q4 and FY 08 results on June 25. In a typically strong quarter, Q4 revenue was up 24% to $7.2 billion and net income was up 27% to $2.0 billion. Non-GAAP EPS was $0.47; analysts had estimated $0.44 on revenue of $6.88 billion.

India’s Salary Hike Slows Down

Economic Times reports: * The average pay hike at Oracle India as well as Oracle subsidiary i-Flex solutions is down to nearly 7-8%, dipping to 5% in some cases. The average salary hike at Oracle India last year was 12-14%.