Monday it is
PwC Consulting intends to change its name to Monday when it completes its planned IPO (initial public offering) and spin-off from accounting firm PricewaterhouseCoopers. Newly named president and CEO Greg Brenneman said the name Monday is exactly what PwC Consulting was after: "A real word, concise, recognisable and global." While PwC Consulting's planned IPO and separation from its accounting-focused parent is a positive and necessary step, its unusual new name is a bit of a dubious choice, said Michele Cantara, an analyst with Gartner's Dataquest unit. "I don't think the name underscores many of the attributes that are necessary for PwC to position itself as a leader in business transformation services."
Novell to buy SilverStream
Novell has made an offer to acquire SilverStream Software, a specialist in Web services application development tools, for about $US212 million. Novell plans to rebrand SilverStream's eXtend software line as its own, while SilverStream CEO David Litwack will become a senior vice president of Novell if the deal closes. Both boards of directors have unanimously approved the deal, and SilverStream shareholders that hold 20.33 per cent of the shares have agreed to tender their shares, Novell said.
HP to boost consulting
Hewlett-Packard will focus on delivering a wide range of IT consulting and business process services as part of its post-merger strategy, senior executives said. To lay the groundwork for that effort, HP is realigning its 65,000-person services organisation into five major areas: IT and business governance services, agile and mission-critical infrastructure services, extended enterprise services, open-environment services and next-generation technology services. The goal is to expand HP's services capabilities beyond its current emphasis on IT infrastructure support.