Bangalore, September 15, 2010: Tata Consultancy Services (TCS) (BSE: TCS.BO, NSE: TCS.NS), the leading IT services, business solutions and outsourcing firm, today announced that the company had entered into a significant multi-year agreement with SUPERVALU INC. for a full services engagement.
SUPERVALU is one of the largest grocery retailers in North America. The engagement with TCS is transformational in nature and will drive operational efficiencies for the firm through the integration of IT, BPO and infrastructure services. As a part of this engagement, more than 600 SUPERVALU India associates will become a part of TCS.
gFor SUPERVALU, this move will allow us to improve operations, freeing up funds to invest more aggressively in our customers. It will also allow us to move more quickly toward business solutions,h said Wayne Shurts, SUPERVALUfs chief information officer. gWe have many talented associates in SUPERVALU India, and an added benefit of the deal is that they will continue to play a key role in the future success of the company.h
gThe engagement with SUPERVALU reinforces our leadership as the long-term IT partner best equipped to help global corporations transform their businesses using our full services capabilities and domain knowledge. We are delighted to work with SUPERVALU and help them strengthen their leadership position in the market place,h said N Chandrasekaran, TCSf CEO and MD.
The retail industry unit contributed 12.3% of the firmfs total revenues in 2009-10. The industry unit works with leading retailers globally.
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development. A part of the Tata group, Indiafs largest industrial conglomerate, TCS has over 160,000 of the world's best-trained IT consultants in 42 countries. The company generated consolidated revenues of over US $6.3 billion for fiscal year ended March 31, 2010 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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