Open main menu
Home
Random
Recent changes
Special pages
Community portal
Preferences
About Wikipedia
Disclaimers
Incubator escapee wiki
Search
User menu
Talk
Dark mode
Contributions
Create account
Log in
Editing
Logica
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
===LogicaCMG=== [[Image:LogicaCMG office parking signs in Wales.jpg|thumb|left|LogicaCMG logo and parking signs at Wales offices, 2006]] The merger of Logica (60 percent) with British company [[CMG (company)|CMG]] (40 percent) to form LogicaCMG on 30 December 2002 united an established technology firm (Logica) with an established consulting firm (CMG).<ref>{{cite web|author=Richard Wray |url=https://www.theguardian.com/media/2002/oct/09/newmedia.citynews |title=Jobs cull logical in Logica / CMG deal |publisher=Guardian |date=2002-10-09 |access-date=2014-06-23}}</ref> In December 2003, LogicaCMG’s software controlled the doomed [[Beagle 2]] probe after separation from the [[Mars Express]] orbiter.<ref>{{cite web|last=Briggs |first=Helen |url=http://news.bbc.co.uk/1/hi/sci/tech/3310441.stm |title=Beagle probe enters crucial phase |work=BBC News |date=2003-12-17 |access-date=2014-06-23}}</ref> During the mid-2000s the company embarked on a series of acquisitions of Continental European firms.<ref name="guard-out"/> In 2005, LogicaCMG purchased 60 percent of the Portuguese company [[Edinfor]]<ref name="history" /> (and in March 2008 purchased the remaining portion). In 2006, LogicaCMG purchased the French company [[Unilog]] for £631 million and the Swedish company [[WM-data]] for £876 million.<ref name="guard-out"/> [[Image:Logica CMG - London.jpg|thumb|right|LogicaCMG offices on Hampstead Road in London, 2007]] The company suffered some embarrassment in 2006 when [[laptop]]s containing police payroll data were stolen from LogicaCMG<ref>{{cite web|url=http://news.bbc.co.uk/1/hi/england/6171468.stm |title=Met police payroll details stolen |work=BBC News |date=2006-11-22 |access-date=2014-06-23}}</ref> and an outsourcing contract with [[Transport for London]] for [[Information technology|IT]] services was terminated early after disputes over payments and service level agreements.<ref>{{cite web|url=http://www.computing.co.uk/computing/news/2173934/tfl-outsourcing-agreement |title=TfL signs temporary outsourcing agreement |publisher=Computing.co.uk |access-date=2014-06-23}}</ref> By 2007, the firm had some 39,000 employees and offices in 36 countries,<ref name="summ-2007">{{cite book | url=https://books.google.com/books?id=_d3giDjcHFAC&dq=logica+consulting+london&pg=PA40 | title=Careers in IT Consulting | publisher=WetFeet | location=Philadelphia | date=2008 | page=39 | isbn=9781582077932 }}</ref> and was one of Europe's largest IT services and outsourcing firms.<ref name="guard-out"/> Its largest locations in terms of employees counts were France, the Netherlands, and the United Kingdom, in that order.<ref name="summ-2007"/> Its most profitable sales regions were the UK, France, the Netherlands, and Scandinavia.<ref name="guard-out"/> On 20 February 2007, LogicaCMG Telecom Products was sold for £265m (US $525m) to private investors Atlantic Bridge Ventures and Access Industries, and became known as [[Acision]].<ref>{{Cite web|url=https://www.easysourceindia.com/payrollservices|title=Payroll Processing Companies in India - Outsourcing and Management Services in Delhi|website=www.easysourceindia.com}}</ref> Following a profit warning in 2007,<ref>{{cite web|url=http://news.bbc.co.uk/1/hi/business/6679751.stm |title=Logica profit warning hits shares |work=BBC News |date=2007-05-22 |access-date=2014-06-23}}</ref> shareholders became increasingly skeptical about the wisdom of the European acquisitions strategy, and Martin Read was forced out as CEO by these shareholders.<ref name="guard-out">{{cite news | url=https://www.theguardian.com/business/2007/may/28/3 | title=Logica chief forced out after profit warning | author-first=Simon | author-last=Bowers | newspaper=The Guardian | location=London | date=28 May 2007}}</ref>
Edit summary
(Briefly describe your changes)
By publishing changes, you agree to the
Terms of Use
, and you irrevocably agree to release your contribution under the
CC BY-SA 4.0 License
and the
GFDL
. You agree that a hyperlink or URL is sufficient attribution under the Creative Commons license.
Cancel
Editing help
(opens in new window)