The Commonwealth Bank of Australia announced today that before the year is out, it will finalise contract negotiations with HCL, IBM and Tata Consultancy for application services work worth AU$1 billion over five years.
HCL Technologies has signed a wide-ranging deal with financial services software vendor Misys that will see the Indian outsourcer make further inroads into Australia's banking sector.
Commonwealth Bank of Australia today revealed its technology costs had continued to fall, down $30 million from the previous half-year to $380 million.
The Commonwealth Bank has confirmed it is seeking a telecommunications supplier for a 10-year deal, possibly worth AU$1.3 billion.
The Australian Tax Office is preparing to put the last and largest of its IT outsourcing contracts centralised computing up for grabs, worth around AU$160 million per year. This is EDS's last chance to retain work with the ATO and possibly its first bid since its proposed acquisition by HP.
Get an insider's look at Commonwealth Bank of Australia's technology operation with chief information officer Michael Harte in the first of our Changing of the guards series examining generational change in the nation's big four banks.
The question on the lips of most CIOs is no longer whether to send work offshore. It's a question of how much to send.
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Let's be frank: Premiere 5.1 had problems. Adobe didn't know who its market was, and 5.1 didn't work with every capture board on the market in addition to being buggy as hell. This time out, instead of trying to be all things to all people, Adobe has rebuilt the application from the ground up and focused this release on one market segment: digital video filmmakers who want to output to DV or upload their projects to the Web.
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