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TCS Signs 5 Year Application Management Contract in Sweden
Stockholm, Sweden / Mumbai, India, September 17, 2008: Tata Consultancy Services (TCS) (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, business solutions and outsourcing firm announced that it has signed a five year global contract with Ericsson (Eric: NSDQ), the world-leading supplier in telecommunications, to deliver application maintenance and development services for Ericsson’s internal IT operations.
TCS has been selected as one of the two strategic partners that will deliver application maintenance services to Ericsson and a preferred supplier for application development services.
Amit Bajaj, Director – Nordic Region, TCS said: “This engagement with Ericsson clearly demonstrates TCS’ unique value proposition as we drive more value for our European clients through increased service quality and greater alignment to their business needs. Nordic companies are increasingly looking to service providers like TCS to create a compelling value and deliver consulting, IT services & product engineering synergistically through a single global service standard using TCS’ Global Network Delivery Model (GNDMTM).”
Nils Molin, Managing Director Sweden at the analyst firm IDC added: “This contract signifies the trend of increased acceptance of Indian headquartered IT companies delivering complex projects in the Nordic region. TCS has been spearheading this trend by investing heavily in localizing its Nordic operations, expanding its services portfolio and aggressively adding new clients. We expect Nordic companies to continue to add deliveries from off and nearshore centers to their sourcing strategies for IT Services.”
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 116,000 of the world's best trained IT consultants in 50 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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