Cognizant (NASDAQ: CTSH) today announced that it has become the exclusive digital systems, technology and operations services partner for multiple portfolio companies of Norway-based Aker, a leading industrial investment company.
Reference is made to the stock exchange release dated October 3, 2016 regarding Akastor's agreement to sell the ITO and the BPO business of Frontica Business Solutions AS to Cognizant.
Frontica has signed a five year contract with Kvaerner to deliver IT services and business support services within HR Operations and Finance.
Akastor ASA (OSE: AKA), an oil service investment company, has entered into a definitive agreement to sell Frontica Business Solutions AS (“Frontica”) to Cognizant (NASDAQ: CTSH) for a consideration of NOK 1,025 million on a debt- and cash-free basis. Frontica is comprised of the ITO and BPO* business segments of the Frontica Group, and excludes Frontica’s staffing business, Frontica Advantage.
Frontica has signed a five year contract with MHWirth to deliver IT services, consultancy projects as well as business support services within HR Operations and Finance.
The IT-industry will this year be present at one of the world’s largest oil and gas events. Please be invited to Frontica`s stand from Monday 29 August to Thursday 1 September. We are located in Hall 6, stand 6980.
We are pleased to announce that Kevin Roger has started as the new Vice President & Head of Region for the UK, Kevin will be based in Frontica Offices in Aberdeen.
Frontica has signed a five year contract with Aker Solutions to deliver staffing services, IT services and consultancy projects as well as business support services within HR, finance and procurement.
Morten Søgård has been appointed Senior Vice President Strategy and Business Development at Frontica Group AS. Morten comes from Evry ASA where he has worked for over ten years, during the last period as Executive Vice President with responsibility for operations in the Nordic region.
The renowned agency, Staffing Industry Analysts (SIA), has announced the largest staffing companies in the oil and gas sector. Frontica Advantage is the fourth largest company and the only Norwegian company on the list. The Top Ten list includes 70 percent of the staffing market in the oil and gas sector globally.
Frontica together with Aker Solutions has been selected as the Gold Winner of the SAP Quality Awards (Carve Out Project) in the Business Transformation category in the Nordic and Baltic countries.
Frontica Business Solutions, a global provider of outsourcing services in more than 20 countries with headquarters in Norway, has secured a contract with Statoil to provide payroll services for onshore and offshore staff working in the UK. “Efforts to reduce costs in the oil and gas industry are leading to new business opportunities for companies such as Frontica,” says Chief Executive Officer Niels Didrich Buch.