Sep.01.2010

QBE (ASX:QBE) Acquires Seattle Specialty Insurance Services, Inc.

QBE announced that its subsidiary, Sterling National Corporation, has acquired Seattle Specialty Insurance Services, Inc. Terms of the purchase were not disclosed. Headquartered in Everett, Wash., Seattle Specialty Insurance Services has provided insurance services to financial institutions since 1992. It will operate as a wholly owned subsidiary of Sterling National, under the continued leadership of founder, President and CEO, Rick Pedack.

Rainmaker Systems (NASDAQ:RMKR) Opens Second Site in RP for US Clients

Rainmaker Systems Philippines, Inc., provider of business process outsourcing (BPO) telesales services and e-commerce solutions, formally opened its second site in Makati, saying the country offered the firm the most "effective cost reduction schemes." Micheal Silton, Rainmaker Systems chief executive officer, told reporters the new site has 412 seats and 250 more production seats. Rainmaker Systems aims to expand capacity to 2,012 seats "in the near future," he said.

WNS (NYSE:WNS) Appoints Ronald Strout As Chief of Staff and Head-Americas

WNS (Holdings) Limited, a provider of global business process outsourcing (BPO) services, announced that the company has appointed Ronald Strout as Chief of Staff and Head, Americas. He will represent the Group CEO's office in the Americas. Strout will accelerate WNS's renewed focus on client interactions, leadership development, creation of new offerings, market penetration of new services and driving strategic initiatives.

TCS (NSE:TCS) Wins 250 Million Stg UK Contract

India's top software services firm Tata Consultancy Services Ltd said on Wednesday its UK subsidiary Diligenta has won two life and pension contracts totaling 250 million pounds in revenue in the United Kingdom. The contracts were awarded by Phoenix group and Old Mutual International, the Indian firm said in a statement.

Polaris International Holdings, Inc. Announces Q3 2010 Financial Report

Polaris International Holdings, Inc., a global IT outsourcing services company with a U.S.-Japan dual market base, has announced unaudited consolidated financial results for the third fiscal quarter of 2010 ended June 30, 2010. The Company posted revenue of $1,313,246 with $165,157 EBITDA. "We were pleased to generate $165,157 Net Income in this last quarter. Our subsidiary in Japan expects to continue to perform well the remainder of the year as business remains solid," said Kuni Misawa, CEO/President of Polaris International Holdings, Inc.

Unisys (NYSE:UIS) Announces Sale of UK-Based Insurance and Pension Processing Business

Unisys Corporation announced that it has sold Unisys Insurance Services Limited (UISL) to Diligenta Limited, a subsidiary of Tata Consultancy Services Limited. UISL, which is headquartered in the UK and has operations in Liverpool and Bournemouth, provides business process outsourcing services to the UK life and pensions industry. Terms of the transaction were not disclosed.