TCS reaffirms commitment to France with new Paris delivery center

PRESS RELEASE

 

TCS reaffirms commitment to France with new Paris delivery center

TCS’ third delivery center in the country showcases the company’s commitment to customers and businesses in France

Paris ODC is equipped with the highest standards of IT security to help companies keep pace with the Business 4.0 era

Paris |Mumbai, June 18, 2018 - Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, today opened its new delivery center in Suresnes, France. The delivery center, which is located in the Parisian region, can accommodate up to 230 employees and benefits from highly secure connectivity, a robust infrastructure and secure spaces, guaranteeing the best quality service and productivity for customers.

Along with TCS’ existing locations in Lille and Poitiers, the new delivery center demonstrates TCS' ongoing commitment to France and the company’s willingness to support national brands in the French economy by offering them immediate access to TCS’ deep expertise as well as its global network.

Rammohan Gourneni, TCS France, Country Head, said, “The inauguration of the Paris center is the latest example of TCS’ commitment to the French market, where we have strengthened our presence in recent years to support customers in this post-digital era. The region stands at an incredibly exciting point in technological history, and as Europe’s third largest IT services market we are perfectly placed to ensure TCS’ innovative solutions can help French businesses grow and transform in the Business 4.0 era. We look forward to continuing our support of French companies as they become both more competitive and agile; and collectively making a valuable contribution to the country’s economy in the process.”

Rajesh Gopinathan, CEO and MD, TCS, said, "As TCS celebrates 50 years of operations and 25 years of presence in France, the opening of this Delivery Center marks a new step in our development in this strategic market. TCS is a global partner to some of the world’s most exciting businesses, and this new center means we can continue to bring our experience, customer service and deep contextual knowledge to the French market.”

Since establishing operations in France in 1992, TCS has gone from strength to strength in the region. In 2006, TCS cemented its position in France by acquiring its then representative and exclusive partner in the region, TKS. The acquisition laid the foundation for TCS’ long term strategic growth into Europe’s 3rd largest IT services market, and was followed by the opening of first delivery center in Lille in 2012, the acquisition of Alti in 2013, and the opening of second delivery center in 2014 in Poitiers. In two years TCS doubled the number of employees at this center and received accolades being named ‘Top Enterprise’ by newspaper La Nouvelle République.

In recognition of its investment in creating a successful local operation, TCS was also conferred the “Special award for investment and innovation 2012” by the Greater Paris Investment Agency (GPIA).

Over the past five years, TCS' growth in France has been strengthened by the development of the business sector, and the signing of major contracts with French multi-national customers. For example, TCS and BNP Paribas Securities Services joined forces to transform the asset servicing sector with TCS’ blockchain Quartz technology.

More recently, Alcatel-Lucent Enterprise (ALE) has also partnered with TCS to accelerate the digital transformation of its product portfolio and make these cloud-enabled, fully IP-centric and virtualized.

The launch of “Paris DC” as well as TCS’ latest research study "French companies on the path of artificial intelligence", is timely as it follows the France government’s huge investment into digital technology, with President Emmanuel Macron recently outlining his strategy to invest EUR 1.5 billion into AI over the next four years.

TCS and IDC study “French companies on the path of artificial intelligence” showed that 52% of companies are now sensitive to artificial intelligence issues; 36% have already deployed AI technologies; and 16% envisage using it in the next three years.

About Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, Cognitive powered, integrated portfolio of IT, Business & Technology Services, and engineering. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 394,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $19.09 billion for year ended March 31, 2018 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.

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