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LogicaCMG
From Wikipedia, the free encyclopedia
| LogicaCMG | |
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| Type | Public (LSE:LOG, Euronext:LOG) |
| Founded | 1969 (Logica), 1964 (CMG) |
| Headquarters | UK, Netherlands offices in 36 countries |
| Key people | Jim McKenna, Chief Operating Officer and acting CEO David Tyler, Non-Executive Chairman Seamus Keating, Group Finance Director |
| Industry | IT Services, Consulting |
| Products | Business consulting, IT and value-added business process outsourcing, systems integration, telecoms products and solutions |
| Revenue |  £2.7 billion GBP (2006) |
| Employees | ~40,000 (2006) |
| Slogan | Releasing your potential |
| Website | www.logicacmg.com |
LogicaCMG (LSE: LOG, Euronext: LOG) is a UK-based global IT and management consultancy company. It is quoted on the London Stock Exchange and Euronext Amsterdam, and is a member of the FTSE 250 index of shares. As of 2006, the company is active in 42 countries and has nearly 40,000 employees. In 2003, it realised a turnover of 1.7 billion GBP (3.1 billion US$ ; 2.6 billion EUR). The company plans to change its name back to "Logica" in 2008.
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Logica was founded in 1969 by Len Taylor, Philip Hughes and Pat Coen. The company started life as a systems integration business at the same time as the birth of the mini computer. The majority of projects undertaken at that time exploited the flexibility and power of these machines. Important projects included the control systems for the natural gas grids in the UK and the Netherlands, the automated clearing system for the UK banks, the computerization of the new stock exchange in Hong Kong, and the customer service system for British Telecom, the control system for the Eutelsat satellite constellation as well as numerous projects for the European Space Agency including the software for the successful Huygens mission to Titan. Logica undertook significant product developments for IBM. Logica is credited with the development of the Teletext system for the BBC.
Logica set up operating subsidiaries in the Netherlands, Australia, Sweden, the United States and elsewhere as well as joint ventures in Hong Kong with Jardine Matheson and Italy with Finsiel and one with British Airways.
It now has over 40,000 employees operating in 41 countries across the globe. Total turnover of 14 billion euros and at present is number one in application management and holds 12th position among all companies in the world.[citation needed]
The company was the first software company to be floated on the London Stock Exchange on 26 October 1983. Company projects include the strategic partnership with the Crown Prosecution Service known as COMPASS, which has included the development of a Case Management System (CMS), a Management Information System (MIS) and Witness Management System (WMS). Earlier developments included ERNIE - the system which randomly generates premium bond numbers.
It was announced on the 29 May 2007 that after leading LogicaCMG for 14 years, CEO Martin Read has brought forward his retirement. This announcement has come following profit warning issued by the company. Andy Green will leave his role as CEO of British Telecom's group Strategy and Operations to replace Read from 1 January 2008.[1]
On September 24, 2007, Cor Stutterheim announced that LogicaCMG will change it's name into Logica, starting on March 2008. The reasoning being that "Logica" would be a more international recognisable name than "LogicaCMG".[2][3]
The Company has made a number of acquisitions in the United States, Germany, Sweden, France and Australia. The acquisition of Irish company Aldiscon brought Logica into the text messaging business, which was to prove very lucrative.
In 2002 the Company merged with CMG. The merger of Logica (60%) with CMG / Admiral (40%), on December 30, 2002, represented the union of an established technology firm (Logica) with an established consulting firm (CMG).
In 2006, LogicaCMG purchased the French company Unilog and the Swedish WM-data.
On February 20, 2007, LogicaCMG Telecom Products was sold for £265m (US $525m), by private investors Atlantic Bridge Ventures and Access Industries and is now known as Acision. The company, based in Reading, UK, employs approximately 1,700 people in 22 countries across six continents. Acision continues as the world leader in independent mobile messaging software systems, including its IP SMSC for mobile operators and service providers.
LogicaCMG is a prominent IT consulting firm, but does not advertise widely and is shy of general public attention. As a consequence of this relative obscurity, the LogicaCMG marketing literature that does exist lists various 'wow factors' that people may be surprised by:
- LogicaCMG systems supports the missions of over 150 orbiting satellites.[citation needed]
- LogicaCMG solutions handle more than half the world's foreign exchange traffic.[citation needed]
- LogicaCMG systems process two out of every three text messages sent in the world.[4]
- LogicaCMG has delivered one out of every four multi-media messaging centres installed by wireless service providers across the globe.[5]
- LogicaCMG HR outsourcing services process more than $90 billion of salaries globally each year.[6]
Significant recent events include:
- June 2003 LogicaCMG’s software controlled Beagle 2 probe after separation from the Mars Express orbiter.[7] [8]
- 22 Nov 2006 - Laptops containing police payroll data stolen from LogicaCMG [9] [10]
- Dec 2006 - Transport for London (TfL) terminate IT outsourcing contract with LogicaCMG after payment disputes and a failure to meet service level agreements.[11] [12] [13]
- 20 Feb 2007 - LogicaCMG sells its telecoms products division [14] [15]
- ^ Andy Green leaves BT to become CEO of LogicaCMG BT Press Office - October 9, 2007
- ^ http://www.reuters.com/article/technology-media-telco-SP/idUSL2711120020070527 Reuters LogicaCMG CEO to retire early
- ^ http://www.ft.com/cms/s/43e228b0-0cb7-11dc-a4dc-000b5df10621.html FT LogicaCMG CEO to retire early
- ^ http://www.logicacmg.com/page/5004 LogicaCMG.com
- ^ http://www.logicacmg.com/Edinfor-Portuguese/350229976 LogicaCMG.com
- ^ http://www.logicacmg.com/United_States/8057 LogicaCMG.com
- ^ http://www.logicacmg.com/corporate/350232601 www.logicacmg.com
- ^ http://news.bbc.co.uk/1/hi/sci/tech/3310441.stm www.bbc.co.uk
- ^ http://news.zdnet.co.uk/security/0,1000000189,39284814,00.htm
- ^ http://news.bbc.co.uk/1/hi/england/6171468.stm
- ^ http://www.theregister.co.uk/2006/12/15/tfl_logicacmg_over/ www.theregister.co.uk
- ^ http://today.reuters.com/news/articlebusiness.aspx?type=technology&storyID=nL1570960&imageid=&cap= reuters.com
- ^ http://www.computing.co.uk/computing/news/2173934/tfl-outsourcing-agreement
- ^ http://www.itweek.co.uk/crn/news/2184016/logicacmg-exits-telecoms-market www.itweek.co.uk
- ^ http://news.independent.co.uk/business/news/article2290065.ece news.independent.co.uk
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Categories: Companies listed on the London Stock Exchange | Companies listed on the Euronext exchanges | All articles with unsourced statements | Articles with unsourced statements since February 2007 | Information technology consulting firms | Business services companies of the United Kingdom | Computer companies of the United Kingdom | Defence companies of the United Kingdom | Companies of the Netherlands | Companies based in London