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| | Calif. IT company to buy Keane - The Boston Globe |
 | | Keane, roiled by controversy and executive departures for the past year, plans to be bought Caritor Inc. of San Ramon, Calif., in a private equity-backed cash deal valued at about $854 million. |
 | | The combined company will retain the Keane name and have 14,000 employees worldwide and total revenues of more than $1 billion; its US operations will be based in Boston, and Mani Subramanian, the Caritor chairman and chief executive, will be chairman and chief executive of the combined company. |
 | | Keane, which faced heavy competition from global giants like IBM and Accenture as well as Indian-based outsourcing firms like Wipro and InfoSys, was in the midst of a reorganization when its former chief executive, Brian T. Keane, son of the companys founder, resigned last May 10 after two female employees accused him of sexual harassment. |
| www.boston.com /business/technology/articles/2007/02/07/calif_it_company_to_buy_keane_for_854m (452 words) |
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