NBA banks on IBM GSA and Equifax
International cheque processing services provider Equifax has won the National Australia Bank's credit card processing outsourcing contract in conjunction with services giant IBM GSA.
The tender win coincides with the launch of Equifax's outsourcing services and comes at a time when more financial institutions are moving towards an outsourced model for core business functions, according to a statement released by Equifax.
Under the terms of the agreement, IBM GSA will provide the infrastructure and support required to establish a credit card processing facility.
Sun combines groups
Announcing an internal reorganisation, Sun Microsystems has combined its System Products and Network Service Provider groups into a single organisation called the Computer Systems Group, the company announced recently.
The new organisation will be responsible for enterprise and workgroup servers, network servers and edge-computing devices like Sun Cobalt appliances, desktop products, Sun's wireless initiative and SPARC processor development, Sun said. The consolidation will benefit users because it will increase the quality of products and decrease their price.
The System Products Group previously handled data centre products, desktop product lines, appliances and SPARC chip developments, while the Network Service Provider Group was essentially a sales and marketing unit focused on service providers like Lucent Technologies, telecommunications companies and Sun's wireless program, said Larry Lettieri, a Sun spokesman.
The consolidation of the two units does not presage job reductions, he said. "It's for economies of scale, to focus on our big markets," he said. He declined to say how many employees would be involved in the consolidation.
NetMap set to mine US
Australian data mining software developer NetMap Solutions has received a multimillion-dollar capital injection from a merger set up by investment bank The Harrington Partnership.
NetMap Solutions is set to become NetMap Analytics and will be largely funded by an unnamed US investor.
While R&D will remain in Australia, the agreement will provide a springboard into the lucrative US and European markets, a NetMap statement said.
NetMap has already secured a number of high-profile clients including the NSW Police, and assisted in the identification and subsequent conviction of Ivan Milat, the notorious backpacker murderer and inside trader and Macquarie Bank director Simon Hannes. CEO Richard McLean, who joined NetMap Solutions in July last year, will lead the new company.