Category Archives: Information Technology

Detroit CIOs Plan Increased Hiring For Second Half Of 2017

DETROIT — Detroit-area technology hiring is looking up for the second half of 2017, according to the Robert Half Technology IT Hiring Forecast and Local Trend Report.

Twenty-three percent of CIOs say they plan to add full-time technology professionals to their teams, up seven points from December’s report. In addition to hiring plans, the report also highlights skills in demand, CIOs’ top concerns and factors contributing to local hiring growth.

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Quicken Named No. 1 Place To Work In IT For 5th Straight Year

DETROIT — For the fifth straight year, Detroit-based Quicken Loans has earned the No. 1 ranking on Computerworld magazine’s “Best Places to Work in IT” list.

This year’s award represents the eighth time the company has earned the No. 1 spot, and the 13th consecutive year it has appeared on Computerworld’s list.

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Secure-24 220th On CRN’s Solution Provider 500

SOUTHFIELD — Secure-24, the Southfield provider of managed cloud services, IT operations and applications hosting, has been ranked No. 220 on the 2017 Solution Provider 500 published by CRN, formerly known as Computer Reseller News.

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MCWT, CIOs Convene to Discuss the ‘Internet of Life’

NOVI  – More than 800 technology professionals from Michigan met Wednesday at the Suburban Collection Showplace to hear Ford Motor Co. President and CEO Jim Hackett and other business leaders discuss how mobility and connectivity are shaping the future.

The executives explored the concept of “the Internet of Life,” where ubiquitous connectivity transforms lifestyles and Business models. The event centered on using technology and innovation to make people’s lives better.

The Michigan Council of Women in Technology Foundation hosted the 5th annual Executive Connection Summit, sponsored by Ford, FCA US LLC, and General Motors.

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Lansing’s Liquid Web Hires Branding Consultant As VP Innovation

LANSING — The managed services provider Liquid Web LLC has announced the hiring of Chris Lema as vice president of products and innovations.

Lema is a product and branding consultant with a 20-year career in the technology field. Previously, Lema was vice president of software development at Petoskey-based Emphasys Computer Solutions, and was CTO and chief strategist at the Denver-based IT services firm Crowd Favorite.

Most recently, Lema was an independent industry consultant focused on the WordPress community, sharing his insights via a daily blog, ebooks, public speaking and product strategy.

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CEO Out After 30 Months At Syntel

TROY — Nitin Rakesh, an Indian-American businessman, has stepped down as president and CEO of the Troy-based IT services provider Syntel Inc. after 30 months on the job.

Former COO Rakesh Khanna was named interim CEO.

Syntel also announced the appointment of prashant Ranade, formerly executive vice chairman, as co-chair of the Syntel board.

Khanna has been COO since January 2012. He was president of Syntel’s banking and financial services business unit from July 2005 to December 2011.

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Repatriation of Cash Brings Syntel Loss

TROY — The Troy-based IT services company Syntel Inc. (Nasdaq: SYNT) reported a loss of $217.2 million or $2.58 a share, compared to net income of $77.7 million or 92 cents a share a year earlier, in the third quarter ended in Sept. 30.

Revenue fell 5 percent to $241.3 million from $253.6 million a year earlier.

For the nine months, the loss was $105.4 million or $1.25 a share, vs. net income of $178.3 million or $2.12 a share a year earlier. Revenue for the nine months was $726.6 million, up from $714 million.

The decline in profitability was the product of repatriation of cash held overseas, resulting in a one-time tax expense of $271 million. The company’s gross margin was 39.2 percent of sales vs. 42.4 percent a year earlier, and the company saw sharply higher selling, general and administrative expenses, at 12.2 percent of sales, up from 6 percent a year earlier.

“Market conditions were challenging during the third quarter as macroeconomic, business and regulatory uncertainty impacted customer spending in what is typically a seasonally strong period,” said Syntel CEO and President Nitin Rakesh. “Despite this, we continued to see some signs of stabilization in our insurance segment, including in the personal lines sub-industry.”

The company declared a one-time cash dividend of $15 a share to its shareholders during the quarter.

Based on current trends and an exchange rate assumption of 67 Indian rupees to the dollar, the Company currently expects 2016 revenue of $960 million to $970 million and loss per share in the range of 65 to 75 cents.

To listen to a conference call discussing the results, call (855) 859-2056 in the United States or (404) 537-3406 elsewhere and enter the pass code 97795475.

More at http://www.syntelinc.com.

Baker College Names New Dean Of College of IT

FLINT – Baker College has announced that Richard Bush of Ypsilanti has been named dean of the College of Information Technology.

“Dr. Bush is an accomplished and extremely knowledgeable professional who has spent his career on the cutting edge of information technology in business, the military and higher education,” said Bart Daig, Baker College system president and CEO. “We welcome his expertise and leadership of Baker College’s extensive IT programs.”

Baker College offers master’s, bachelor’s and associate IT degrees.

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iDashboards Recognized with Computerworld 2016 Best Places to Work in IT Award

TROY — The Troy-based business intelligence dashboard developer  iDashboards has been recognized as one of the top organizations for Computerworld’s 2016 Best Places to Work in IT.

This prestigious award highlights IT departments across the country that offer employees a stimulating work environment, along with great benefits and compensation, to create an outstanding atmosphere for IT employees.

Recognized for its collaborative and inspirational culture, iDashboards keeps their team of dashboard engineers motivated on a daily basis and encourages training for further advancement. Employees draw inspiration from their teammates and clients alike to create custom, visually engaging and easy-to-use dashboard solutions for their clients in a wide variety of industries, including healthcare, higher education, transportation, manufacturing and more.

“We believe that happy and engaged employees deliver incredible results for our clients, and we wouldn’t be where we are today without our amazing team of individuals who constantly go above and beyond,” iDashboards founder and CEO Shadan Malik said.

iDashboards was also recently awarded the “Highly Commended” ranking from the 2015 International Service of Excellence Award committee, which honors organizations across the country committed to providing superior customer service. iDashboards was recognized for its customer-first mentality, a quality illustrated by the organization’s 97 percent customer satisfaction rating according to customer feedback surveys.

More at http://www.idashboards.com.