• Vol 4 Issue 1 APR 2007

Guest CEO Editorial | Recent Mergers & Acquisitions Avinash VashisthaCEO, Tholons Toward the end of February, several members of the Tholons management team (including myself) attended the 14th annual Robert W. Baird & Co.'s Business Solutions conference. READ FULL STORY Ismail RadwanSenior Economist, World Bank The growth of the internet and the rise of offshoring means that Sri Lanka can now turn what appeared to be a handicap into an asset. READ FULL STORY Details and Analysisby Tholons Acquirer Acquiree Location Deal Size Domain Rating SAP Pilot Software US NA IT Soft. Zensar Techno- logies Ltd Thought- Digital LLC US NA IT Soln. HOV Services Lason US $148.0 million BPO. Oracle Corp Hyperion Solutions Corp US $3300.0 million IT Soln. Fidelity National Informa- tion Services Inc. Second Foundation Inc India $20.0 million IT Soln/ Serv. Integ- reon Managed Solutions CBF Group US NA LPO. WNS Marketics Techno- logies India $65.0 million Analy- tics. EDS RelQ Software India $40.8 million (est.) IT Soft/ Serv. Cisco Systems WebEx Communi- cations US $3200.0 million IT Soln. Quintegra Solutions ValleyUS US $9.5 million IT Soln/ Serv SEE M&A DEALS www.tholons.com RESEARCH & WHITEPAPERS Outsourcing Opportunities in the Life-Sciences Industry Frameworks for Analyzing A Country’s Positioning And Strategy for Global Services Outsourcing Contact Centers of Today — Towards A Global Transition THOLONS NEWS & EVENTS Baird Private Equity Expands Presence in Asia @Kolkata: BPOs Log On to Eastern India BPO Players Ramping Up Philippines Operations US Mortgage Crisis May Lead to Offshoring Boom INDUSTRY NEWS Turning Globalization on its Head Outsourcing 2.0: The Business Rationale for Exporting Your Job Viewpoint: China Becoming Printer to the World The Next Silicon Valley: Siberia M&A DEALS CLICK TO VIEW

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