18 July 2018
Elton Cane

Elton Cane

Elton Cane - writer & tech geek

116Posts 542,298Views 54Comments
A post relating to this item from Finextra:

Wipro leads race to bag Citi Indian tech arm - Economic Times

04 November 2008  |  9749 views  |  0
Citigroup is reportedly in talks to sell its Indian IT and infrastructure outsourcing arm, Citi Global Services, with Wipro emerging as the frontrunner to buy the business.

Successful Citi tech spin-outs

04 November 2008  |  10186 views  |  1

This story got me thinking about how many businesses have been spun out of Citi's tech and business support subsidiaries over the years. Besides the sale of this unit, and the BPO unit that went to TCS last month, there were also I-Flex (now Oracle Financial Services Solutions, but first founded by Citi in the mid 80s to support the bank's Indian and Apac operations) and OrbiTech, the US tech subsidiary of Citi that merged with India's Polaris Software Labs in 2002.

Am I missing any others?

Comments: (1)

Paul Penrose
Paul Penrose - Finextra - London 04 November, 2008, 16:45

You have to go back to 1994 when Reuters acquired market data outfit Quotron from Citi for $12.8 million. Mind you, Citi itself had paid $630 million for it eight years earlier. The bank also sold on its Merchant Services Unit to First Data in 2004, for an undisclosed sum.

Be the first to give this comment the thumbs up 0 thumb ups!
Comment on this story (membership required)

Latest posts from Elton

Would you pay to put your mortgage out to tender?

18 September 2014  |  3331 views  |  0 comments | recomends Recommends 0 TagsMobile & onlineRetail bankingGroupFuture Finance

Contactless payments are not a choice

29 August 2014  |  4473 views  |  4 comments | recomends Recommends 0 TagsCardsSecurityGroupFuture Finance

Cryptocurrency can cure cancer

07 August 2014  |  2824 views  |  1 comments | recomends Recommends 0 TagsBlockchainInnovationGroupFuture Finance

Will regulation strangle or enable 'quasi-banks'?

26 March 2014  |  6986 views  |  0 comments | recomends Recommends 0 TagsRisk & regulationInnovationGroupFuture Finance

Good at maths? Ask your bank for a better mortgage rate

03 March 2014  |  3906 views  |  0 comments | recomends Recommends 1 TagsRisk & regulationRetail bankingGroupFuture Finance

Elton's profile

job title Journalist copywriter and marketer
location Brisbane
member since 2012
Summary profile See full profile »
Writer and media production person

Elton's expertise

Member since 2007
116 posts54 comments

Who's commenting on Elton's posts