TCS Launches Innovation Hub to Boost Sustainable Development in Europe

Tata Consultancy Services’ Pace Port™ in Amsterdam Leverages an Ecosystem of Academia, Start-Ups, Technology Providers to Help European Clients Innovate and Drive Business Transformation

AMSTERDAM | MUMBAI, May 21, 2021: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has launched TCS Pace Port™ Amsterdam, a co-innovation and advanced research center designed to help customers successfully navigate their growth and transformation journeys.

Bringing together an ecosystem of partners from academia, government institutions, start-ups and technology providers, TCS Pace Port Amsterdam will serve as a hub for TCS teams to co-innovate with European customers, guiding them through the discovery, definition, refinement and delivery phases of innovation. The center will also provide rapid prototyping capabilities with a clear focus on building greater futures by finding and creating sustainable solutions.

TCS Pace Port Amsterdam is the third co-innovation center by TCS, after New York and Tokyo, in a global network of physical-digital innovation hubs that bring to life the TCS Pace™ philosophy of unifying the best of TCS’ innovation assets, capabilities and practices to build meaningful and accelerated outcomes. The TCS Pace Innovation Architecture provides a structured framework for companies to ideate better, work on creative solutions faster, and focus their efforts on real, purpose-driven business needs.

“TCS believes that collaborative innovation, harnessing the collective knowledge of an ecosystem of partners can help companies realize their purpose and build a greater future,” said Sapthagiri Chapalapalli, Head, TCS Europe. “Our new Pace Port at Amsterdam will serve as a European innovation hub that helps our clients build long-term sustainability, which is a core driver of purposeful business.”

Pace Port Amsterdam is the next step in our continued effort to help our clients innovate at speed and scale,” said K Ananth Krishnan, CTO, TCS. “Developing digital capabilities at an accelerated pace empower companies to and help their businesses stay ahead on the digital curve.”

“TCS’ first European Pace Port is envisioned to become the digital innovation hub for the region,” said David McIntire, IT Services Research Director, NelsonHall. “The Pace network has evolved from TCS’ innovation and co-creation location strategy. TCS has taken a considered and organic approach in setting up Pace Ports and demonstrates its capabilities as a full-service partner for its clients in their digital transformation journeys.”

“As part of the European Commission, our aim for the Green New Deal is to create a comprehensive, ambitious plan for a green future driven by technology,” said Diederik Samsom, Head of Cabinet for European Green Deal & Executive VP, European Commission Frans Timmermans. “That is why I welcome initiatives like TCS PACE that can bring together digital capabilities, an innovative mindset and collaborative ecosystems to help European businesses work together to build a greener, more sustainable Europe.”

The global network of TCS Pace Ports ignites collaborative experimentation, research, rapid product prototyping, and continuous learning – pushing current boundaries and driving business transformations through the application of cutting-edge digital technologies. To know more about TCS Pace Port Amsterdam, visit: https://www.tcs.com/pace-port-accelerating-digital-transformation.

About Tata Consultancy Services (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 over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. 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 488,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22.2 billion in the fiscal year ended March 31, 2021, 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 MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com and follow TCS news at @TCS_News.

To stay up-to-date on TCS global news, follow @TCS_News.

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