The publishers of Corporate Responsibility Officer (CRO), HRO Today, HRO Europe and FAO Today Magazines today announced that Dirk Olin, former National Editor of The American Lawyer, Editor of California Lawyer, and New York Times columnist, is now Vice President and Editorial Director. In this capacity, Olin will lead the company's print and online content efforts.
Canadian banking group Scotiabank has awarded a five-year, multi-million-dollar payroll outsourcing contract to ARINSO International to serve 43,000 employees and pensioners. Terms of the deal, which includes a new hosted SAP payroll solution, were not announced.
Read more »Cognos, an Ottawa, Canada-based provider of performance management software for HR, finance, and other corporate services , is being acquired by IBM in an all-cash transaction at for $5 billion. The sale is expected to close in the first quarter of 2008. IBM is one of the largest providers of HRO and FAO services globally.
Read more »Xansa, the outsourcing and technology company, has been awarded a $256 million, six-year extension of its business process outsourcing contract with BT until March 2014. The service provider will continue to manage BT’s U.K. operations for finance and accounting transaction processing, including ledger and payroll services, through a combination of Xansa’s onshore and offshore capabilities in service centers in the U.K. and India.
Read more »Globalsourcingnow.com has reported that German IT services provider TDS will provide BPO and IT services to Bahlsen, a Hanover, Germany-based cookie manufacturer. The duration and financial terms of the deal were not disclosed.
TDS will provide a wide range of BPO services, including payroll processing for its 2,200 employees in Germany starting in July. The company will process monthly payroll transactions, maintain, and upgrade software applications depending on new legislation and collective pay agreements.
ATLANTA–based Equifax will acquire St. Louis-based HRO provider TALX in a $1.4 billion stock and cash deal. If completed, this would be the biggest acquisition of an HRO service provider ever. The deal is expected to close within the next two quarters.
According to the companies, the acquisition is aligned with Equifax’s long-term growth strategy of expanding into new markets and acquiring proprietary data sources. The purchase also adds a strong management team to the consumer credit reporting and information management services company.
FAO service provider Xansa has won preferred supplier status with the BBC for outsourced finance and accounting (F&A) services following a competitive bid against Capita, Infosys BPO, and the current incumbent EDS.
The contract, worth around $160 million over 10 years, will be one of the most prominent F&A deals let to date and will save the BBC in excess of $375 million during the life of the contract. This will be a major contribution to the BBC’s strategy to minimize the cost of its support services and release more money into their creative output.
Read more »MINNEAPOLIS, October 9, 2006 – Ceridian Corporation (NYSE: CEN) today announced that it has appointed Kathryn V. Marinello President and Chief Executive Officer, effective October 20, 2006. Ms. Marinello, most recently President of General Electric Fleet Services, will succeed Ronald L. Turner. She will be elected to the Ceridian Board of Directors at the next meeting of the Board.
Read more »Ultimate Software, a provider of web-based payroll and workforce management solutions, said United Dominion Realty Trust has selected its Intersourcing on-demand delivery model. With more than 2,100 employees, United Dominion is the fourth-largest apartment real estate investment trust (REIT) in the U.S., owning and operating apartment communities nationwide.
Read more »Ceridian Signs 100th Payroll International Client
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