Monday, February 9, 2004		Companyspeak

Xchanging companies

Xchanging, a leading process outsourcing and back-office service provider, has acquired RebusIS, a leading global insurance technology provider, for an undisclosed consideration. RebusIS’ commercial and technological expertise will help Xchanging expand further into the global insurance market. The combined group will have revenues of $360 million and will employ 1,800 persons in the UK, USA, Bermuda, Continental Europe, India, Malaysia and Thailand.

Rahul Chopra

Linux World Magazine, one of the leading global authorities on Linux, has ranked India’s Rahul Chopra, Editor, Linux For You, as one of the world’s 20 Linux luminaries. He has been highlighted for his contribution to the area of Linux and open source software. The January issue of Linux World names him amongst global Linux luminaries and publishes his future vision and interview. Launched in Feb 2003, Linux For You is the world’s seventh magazine dedicated to Linux, and the first in Asia! It caters to the multifarious reading interests of new and experienced Linux users, developers, IT implementers and corporates.

Aptech’s MoU

IT training major, Aptech Limited and the prestigious Academy of Learning, Canada, have announced a joint venture to address the developed countries market. Operations are expected to begin around April 2004. The equity pattern is 50:50 with equal investment levels, which will be enhanced when required. A communiqu`E9 to this effect was released soon after the signing of the MoU between the two parties.