Tata Consultancy Services
TCS has announced two major international wins is the past few days.
1)UK's Pearl Group is outsourcing work, deal valued at valued at $ 840 million. Its's a 12-year contract from UK's insurance and pensions major Pearl Group to provide non-voice processing of life insurance and pension policies.It indicates Indian companies are getting closer to bagging $1 billion plus global outsourcing deals which will put them in direct competition with IT outsourcing majors like IBM, EDS, and HP.
TCS will also emerge as UK's second largest BPO in the life and pensions services space after the deal. Revenues from the contract will get reflected in TCS' consolidated balance sheet from the fourth quarter of the current financial year
2)ABN Amro, deal valued at $250 million.The Dutch financial powerhouse ABN Amro closed an mega outsourcing deal with Indian software majors Tata Consultancy Services (TCS) and Infosys Technologies Ltd. TCS will get around 200 million euros over five years, while the Infosys deal is worth over 108 million euros.
TCS, through centres in Latin America and Hungary, will manage a major part of ABN AMRO’s application support and enhancement services for its operations in the Netherlands, Brazil as well as its private client business globally.
Says S Ramadorai, CEO, TCS, "This is the first multinational global engagement that allows us to utilise our model. In addition to our engineers here in India, over 500 consultants will work from TCS’ global delivery centres in Brazil and Hungary.’’ All vendors, will provide application support.
1)UK's Pearl Group is outsourcing work, deal valued at valued at $ 840 million. Its's a 12-year contract from UK's insurance and pensions major Pearl Group to provide non-voice processing of life insurance and pension policies.It indicates Indian companies are getting closer to bagging $1 billion plus global outsourcing deals which will put them in direct competition with IT outsourcing majors like IBM, EDS, and HP.
TCS will also emerge as UK's second largest BPO in the life and pensions services space after the deal. Revenues from the contract will get reflected in TCS' consolidated balance sheet from the fourth quarter of the current financial year
2)ABN Amro, deal valued at $250 million.The Dutch financial powerhouse ABN Amro closed an mega outsourcing deal with Indian software majors Tata Consultancy Services (TCS) and Infosys Technologies Ltd. TCS will get around 200 million euros over five years, while the Infosys deal is worth over 108 million euros.
TCS, through centres in Latin America and Hungary, will manage a major part of ABN AMRO’s application support and enhancement services for its operations in the Netherlands, Brazil as well as its private client business globally.
Says S Ramadorai, CEO, TCS, "This is the first multinational global engagement that allows us to utilise our model. In addition to our engineers here in India, over 500 consultants will work from TCS’ global delivery centres in Brazil and Hungary.’’ All vendors, will provide application support.
posted by Sensex-Blog Admin at 1:42 AM
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