Epicor to cut jobs

Enterprise resource planning (ERP) vendor Epicor says it is cutting an unspecified number of jobs as part of a plan to save between $16 million and $20 million each year, reports PC World.

This follows recent layoffs at the US-based company, which aims its ERP software at midsized companies as well as divisions of large enterprises.

The economic environment means "it is more important than ever to maximise our flexibility to adapt to whatever market conditions we may face in the most efficient and effective manner" in an effort to maximise profits, Epicor CEO Thomas Kelly said.

Algorithmics and SecondFloor's risk management solution, Ecaps, which was built for ING Corporate Insurance Risk Management, has been shortlisted for the 2008 Financial Innovation Awards for the Most Innovative Financial Services Solution, says Bobs Guide.

The Ecaps risk management platform is implemented in more than 30 countries in which the global insurance organisation ING operates. The results of the awards will be announced on Wednesday, 19 November in London.

The Financial Innovation Awards are for financial services organisations that have demonstrated excellence in one of the award categories. The Most Innovative Financial Services Solution category is for the innovative development of a software solution for the financial services industry.

India is hosting the third United Nation's meeting on Internet governance in Hyderabad next month, states Daily Times.

About 1 400 delegates from across the world are likely to take part in the convention being held for the first time in Asia. The theme of the convention is “Internet for All”.

India's communications minister and the department of information technology have been assigned the task of hosting the meeting. Topics on the agenda include promoting cyber-security and trust, managing critical Internet resources and reaching the next billion.