BP selects Tata Consultancy Services as a strategic partner in transformational IT program
- BP engagement highlights TCS domain expertise in Energy vertical and delivering innovation
- Contract will help BP reduce complexity, standardize processes, reduce cost
- TCS selected for engagements in Refining, Manufacturing and Corporate IT with opportunities across fuels value chain including Upstream and Trading
Mumbai, August 26, 2009: Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, consulting, business solutions and outsourcing firm, today announced that it has been selected as a strategic IT vendor by BP, one of the world's largest integrated oil and gas companies, with operations in more than 100 countries.
Over the last 12 months BP has undertaken a program to consolidate its IT vendors for application development and application maintenance (ADAM). BP undertook a rigorous selection process which assessed TCS on capability to deliver innovation for efficient management of applications, Oil and Gas sector knowledge and reduce cost through effective leverage of multiple levers including Global Network Delivery Model. TCS met these criteria and has demonstrated its ability to support BP’s agenda of simplification, standardization and corporate efficiency.
Dana Deasy, BP Group CIO said "I’ve been very pleased with the quality of TCS’ proposal and to have selected them as one of our strategic ADAM vendors. In awarding TCS our refining, manufacturing and corporate IT maintenance work we look to benefit from their knowledge of the Oil and Gas sector. Additionally we see opportunities for TCS to help us deliver IT solutions to enable our upstream and trading businesses. This contract will help BP to reduce complexity, standardize processes and lower our overall cost base”.
“The engagement with BP underscores our ability to help global corporations become more competitive in the current economic scenario by reducing complexity through optimization of their IT landscape and focus on delivering value through continuous innovation in services,” said N Chandrasekaran, Chief Operating Officer and Executive Director, TCS. “Our selection as a strategic IT vendor for BP demonstrates our strong domain expertise and highlights the investments we have been making in the technology-led energy sector”.
TCS’ Energy Vertical serves international and national energy companies across the industry’s value chain. It also works with oil field service operator companies on solutions that help increase the production and reliability of upstream operations.
BP Notes to Editors
BP is one of the world's largest oil and gas companies, serving millions of customers every day in more than 100 countries across six continents. BP’s business segments are Exploration and Production; Refining and Marketing; and Alternative Energy, its low-carbon energy business. Through these activities, BP provides fuel for transportation; energy for heat and light; retail services; and petrochemicals products for textiles and packaging.
BP Press Office: +44 207 496 4076
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, BPS, 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 140,000 of the world's best trained IT consultants in 42 countries. The company generated consolidated revenues of US $6 billion for fiscal year ended 31 March 2009 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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