Mumbai, May 2, 2012: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, announced, today, that it has been designated as a Leader in the Life Science Sales and Marketing IT Outsourcing market by the prominent global market intelligence firm IDC Health Insights in its report, IDC MarketScape: Worldwide Life Science Sales and Marketing IT Outsourcing 2011 Vendor Assessment by program director Eric Newmark.
IDC MarketScape reports are designed to identify factors for effectiveness and success in particular markets, both long and short term, and then evaluate vendors in the market against those factors. The report provides an assessment of where the life science sales and marketing IT outsourcing market is going, how the major vendors stack up and what criteria are most important for life science companies to consider when selecting an IT outsourcing vendor.
In the current environment, companies in the life sciences space are facing a host of daunting challenges from declining revenues and increased competition to rising R&D costs, demands for shortening product development cycles and reducing time-to-market. TCS’ life sciences division offers innovative technology, business and outsourcing solutions across the value chain for life sciences organizations, helping them as they adapt to these industry trends and developments.
“TCS is committed to helping life science companies leverage technology to simplify and manage their sales and marketing initiatives, as well as improve their overall market intelligence. IDC’s recognition of TCS’ leadership in this space attests to our superior life science sales and marketing services and offerings,” said Debashis Ghosh, President, TCS’ Life Sciences, Manufacturing & Energy.
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 238,500 of the world’s best-trained consultants in 42 countries. The company generated consolidated revenues of US $10.17 billion for year ended March 31, 2012 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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