Largest retirement fund administrator in Australia signs up TCS as leading technology partner for business transformation program

PRESS RELEASE

 

Largest retirement fund administrator in Australia signs up TCS as leading technology partner for business transformation program

Sydney, Australia / Mumbai, India, December 11, 2008: Tata Consultancy Services Limited (TCS) (BSE: TCS.BO, NSE: TCS.NS), a leading global IT services and consulting firm announced today, that it has been chosen as prime systems integrator for a new core administration platform at Superpartners, the largest retirement fund administrator in Australia. The delivery is expected to be completed in less than 15 months.

Under the terms of agreement, TCS will manage end to end systems integration such as configuration work, complex integration with various business critical applications and execution of complex testing scenarios to ensure that the system meets the business objective of Superpartners for their business transformation program.

All 16 of Superpartners’ Industry Retirement Fund clients are expected to be integrated onto the new system by the end of January 2010.

Superpartners serves approximately 6 million member accounts, 700,000 employers and has over $75 billion in funds under administration. Superpartners employs over 1500 people across Australia. To maintain its position and increase scalability and flexibility Superpartners has embarked on a transformation program costing AUD $ 70 million and spread over 12 months.

Commenting on their decision to work with TCS, Greg Camm, CEO Superpartners said, “In a fiercely competitive market we needed to undertake the current business transformation program to remain cost competitive. However for an implementation that is delivered on time, working with an expert, who has proven global delivery capability and expertise was critical.”  He further added, “After an aggressive due diligence process we concluded that TCS emerged on top as the best system integrator for the administration platform.”

Speaking on the win, Girija Pande, EVP and Head, TCS Asia Pacific said, “We are excited to work with Superpartners because of the scale and complexity of this implementation coupled with the tight timeframe. It underscores TCS’s extensive domain and delivery capabilities that bring certainty to our projects and quantum benefits to our clients. We look forward to working with Superpartners and adding value to them by shortening the time to market, leveraging our global proven technology and domain expertise.”

TCS’s Global Network Delivery Model is a collaborative, best-in-class framework of people, processes and infrastructure. The model taps on TCS’ global intellectual assets of tools, methodologies and products to help customers reduce implementation time, realize benefits quicker and achieve business goal

About Superpartners

Founded in 1983, Superpartners is Australia’s largest administrator for Industry Superannuation Funds. With 1500 employees and offices in every capital city, Superpartners manages around $75 billion of funds under administration for over six million member accounts.  It services five of the top ten largest Industry Superannuation Funds, the largest Eligible Rollover Fund, AusFund, and a number of smaller Funds.

Superpartners provides a variety of services including core administration, call centre support, member registrations and contributions and benefit payment processing. Superpartners also provides financial reporting, product research and development; technology infrastructure and consulting, and insurance claims support to Industry Super Funds. For more information, visit www.superpartners.com.au.

Superpartners media contact

Elizabeth Middleton
Email: emiddleton@superpartners.com.au 
Phone: +61 3 9200 4309  
Mob: +61458 039 979

About Tata Consultancy Services

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, India’s largest industrial conglomerate, TCS has over 120,000 of the world's best trained IT consultants in 42 countries. The company generated consolidated revenues of US $5.7 billion for fiscal year ended 31 March 2008 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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TCS Media Contacts

APAC/Australia Vishwendra Verma

Email:

Phone: + 65 6372 493