Omnitech InfoSolutions Ltd, a provider of technology related services in the areas of business availability and business continuity, has signed a multi-year contract with two overseas companies to offer Remote Infrastructure management services and Virtual CIO offerings respectively.

According to official release, the consolidated and accumulative deal size would be at Rs 25 crore.

The company has signed the first contract with a European firm - IT Factory to remotely support IT Factory's management functions and IT maintenance.

The Chennai-based networking solutions provider Gemini Communication plans to demerge its system integration business comprising enterprise convergence group, wireless and telecom and 4S divisions to a separate company.

However, the company will retain the technical services division to the telecom sector; PointRed Telecom and radio frequency identification (RFID) businesses.

It may be noted that the company's board has proposed to make a preferential allotment of up to 97,18,000 warrants with option to convert them into 97,18,000 equity shares for working capital requirement.

Tata Communications has announced that it has entered into a strategic alliance with the USD 4.5 billion specialist IT services and solutions provider Dimension Data.

The leading provider of the new world of communications said that it inked the pact in order to support the Cisco Systems Telepresence suite of products on a worldwide basis.

Dimension Data designs, installs and supports Cisco Telepresence in 47 nations.

For its Indian operations, independent IT management software company CA has nominated Saurabh Srivastava as Chairman, effective from April 6, 2009.

Mr. Michael Christenson, President and Chief Operating Officer, CA made this declaration.

Powered by Airtel's Carrier Ethernet Network, the fastest wireline broadband - based on optic fibre-based DSL technology, and offering a speed of 16 Mega bits per second (Mbps) - has been launched in Delhi by Bharti Airtel! A similar launch for Chennai and Bangalore is also on the cards in the near future.

New York - IBM's takeover bid for Sun Microsystems collapsed over the weekend on disagreements over price and conditions of the deal, Bloomberg financial news agency reported Monday.

After Sun's board broke off the talks, IBM withdrew its offer, according to an unnamed person close to the deal cited by Bloomberg.

Sun balked not only over the price, but also over the absence of guarantees that the deal would go forward even if there were delays such as an antitrust review, the source said.