Stockholm | Mumbai, May 2, 2017 – Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, has been selected by one of Europe’s largest utilities companies - Vattenfall - to provide IT services across multiple European operations including Sweden, Germany and the Netherlands.
As the Swedish state-owned company seeks to harness the scale of its operations across the region, the agreement will enable Vattenfall to rapidly progress its strategic objective of delivering a more flexible and agile operation.
The Managed Services agreement is a multi-year partnership in which TCS will be responsible for the development and maintenance of a large number of applications. Enabled by over 8,500 utility industry consultants, TCS will support the company address the industry challenges posed by deregulation and market convergence, the impetus to deliver a sustainable energy portfolio mix, micro-generation and a digital environment that empowers consumers.
Jens Zerbst, CIO of Vattenfall, said, “The energy industry in Europe is undergoing significant market change and we also have a rapid shifts driven by digital disruption and innovation. This presents an exciting opportunity for companies like ours as we reposition our services to empower consumers. In doing so we seek partners that can help us achieve more flexibility to meet these evolving needs. With TCS as a partner we expect a support to strengthen Vattenfall’s position enabling new digital solutions that put customers in focus and ultimately help deliver the continued growth of our operations across Europe.”
Amit Bajaj, Chief Executive, TCS Europe, commented, “Our goal is to help organizations be more agile so they have the flexibility to rapidly adapt to a changing business environment. We live in a fast-paced world and large companies with complex IT infrastructures require systems that can match evolving needs and help them realize the opportunities of the digital economy. Drawing on our deep level of expertise and experience from many different sectors, this partnership will see us support Vattenfall achieve some of its most important strategic business objectives as it continues to grow and innovate across the region. We’re thrilled to be embarking on this journey with them.”
Vattenfall AB is a Swedish, integrated energy company that supplies a broad range of energy services spanning from sales and heat to distribution and generation. Vattenfall has operations in Sweden, Germany, the Netherlands, Finland, Denmark, Great Britain, Poland and France.
About TCS Nordic
Present in the Nordic region since 1991, TCS has continuously invested in the market for the benefit of its customers. TCS has around 9,000 professionals working in Sweden, Finland, Norway, Denmark, and across TCS’ Global Network Delivery Model™ (GNDM™), servicing leading Nordic companies. Since 2010, TCS has tripled the size of its operations in the region, with significant increase in local hiring. TCS has been consistently rated as number one in Nordic IT services customer satisfaction over the past 7 years, in multiple surveys (by KPMG and Whitelane Research/PA Consulting). Several prominent Nordic companies have benefited from TCS’ unique service offering, including Ericsson, TDC, ABB, Telenor, NETS, and DNB. In 2016, for the fourth year in a row, Top Employers Institute granted TCS a Top Employer in Europe certificate, with Sweden, Norway and Denmark among the markets where TCS was number one.
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is 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 387,000 of the world’s best-trained consultants in 45 countries. The company generated consolidated revenues of U.S. $17.6 billion for year ended March 31, 2017 and is listed on the BSE Limited and National Stock Exchange of India Limited. For more information, visit us at www.tcs.com.
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