TCS Selected to Power Electronic-Signature Infrastructure for U.S.-Based Financial Services Leader

PRESS RELEASE

 

TCS Selected to Power Electronic-Signature Infrastructure for U.S.-Based Financial Services Leader

Mumbai, India- March 24, 2008: Tata Consultancy Services, (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, business solutions and outsourcing organization, today announced that it has been selected to provide FormSigner™ PRO, TCS’ flagship enterprise Electronic Signature platform for United States-based Prudential Financial, Inc. (PFI), a financial services leader.

“The industry is picking up in the area of e-signing that doesn't require client-side hardware such as signature pads, resulting in tremendous cost savings and convenience.  TCS is proud of its expertise in the electronic signature area and the quality of our product,” said Dr. Kamlesh Bajaj, Global Head, Information Risk Management Practice, TCS. “It is extremely encouraging for us to have a customer like PFI select our e-signature platform.”

 The Information Risk Management and Insurance Practice of TCS worked closely with PFI to conceptualize and implement an e-signature engine built on the FormSigner™ PRO platform that enables relatively seamless integration with existing PFI applications and allows the company’s Individual Life Insurance business to sign documents electronically.

FormSigner™ PRO is an advanced digital certificate-based application providing authentication, non-repudiation and integrity to online forms, uploaded documents and Web pages. The application enables companies to digitally sign and authenticate Web-based transactions by applying digital signatures to electronic forms-based processes, providing assurances over the source, privacy and accuracy of electronic data. Digital signatures provide persistent evidence that a transaction has been authorized, helping businesses avoid any legal difficulties or loss of revenue, resulting from a business dispute.

TCS’ Information Risk Management Practice offers a complete suite of services to help its customers reduce their risk profile with respect to information and IT systems management. The practice has developed expertise in implementing scalable enterprise projects with electronic signature solutions for its international clients. "A significant component to creating and managing legally valid electronic signatures is linking up the companies to an electronic infrastructure. We support any developments that help achieve this,” said Dr. Sundeep Oberoi, Global Head, IT Risk Management Products, TCS. “TCS’ FormSigner™ PRO, based on public key infrastructure technology, is designed to enable faster transaction processing for both the insurance and banking sector.”

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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, India’s largest industrial conglomerate, TCS has over 108,000 of the world's best trained IT consultants in 47 countries. The Company generated consolidated revenues of US $4.3 billion for fiscal year ended 31 March, 2007 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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