TCS wins five year engagement with NXP Semiconductors
$100 million deal to provide applications and consultancy services exclusively for the semiconductor company
Eindhoven, The Netherlands, May 26, 2008; Tata Consultancy Services (TCS) (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, business solutions and outsourcing firm today announced a five year contract to deliver end-to-end global IT applications services to NXP Semiconductors B.V, a top 10 semiconductor company founded by Philips more than 50 years ago.
The contract is worth $100 million and TCS will provide high end consulting services as well as application management, development and support services across NXP’s supply chain operations.
Through this engagement, TCS will consolidate and ensure the integrity of NXP’s complex application landscape, delivering considerable operational cost savings and enabling the Eindhoven-based manufacturer to focus on its core business activities. TCS’ research and development teams will also develop innovative and specialist applications to deliver competitive advantage to NXP across all stages of the product cycle.
The deal will be implemented through multiple centers in India, Asia and the US which are part of TCS’ Global Network Delivery Model. These centers will be supported by a High Tech Centre of Excellence based in Eindhoven.
Louis Luijten, Senior Vice President and Chief Information Officer, NXP said: “The engagement with TCS reflects NXP’s commitment to optimizing our processes and driving business value from all aspects of our operations. We were looking for a partner who has a holistic understanding of our core business and not just the technology behind it and in this respect TCS is ideally placed to help us drive growth over the next five years.”
N. Chandrasekaran, Chief Operating Officer and Executive Director, TCS said: “The engagement with NXP is a perfect demonstration of our business credentials in a specialist sector and enables TCS to develop a deep relationship with NXP, a company founded by Phillips.” “As well as technical support, TCS will be working with NXP at a strategic level to optimize their operations and remain one step ahead of the competition,” he added.
Girish Ramachandran, Director, TCS Europe said: “This engagement shows clearly that TCS is able to offer end to end services from consulting, management, development, innovation and be a trusted partner to NXP.
TCS will also support NXP’s entire technology infrastructure globally covering ERP, CRM applications in addition to the company’s portal-based applications. This support, together with consultancy, professional services and maintenance will be delivered via TCS’s Global Network Delivery Model. TCS’ Global Network Delivery Model is a collaborative, best-in-class framework of people, processes and infrastructure. The model taps on TCS’ global intellectual assets of tools, methodologies and products to help customers reduce implementation time, realize benefits quicker and achieve business goals.
About NXP
NXP is a top 10 semiconductor company founded by Philips more than 50 years ago. Headquartered in Europe, the company has 37,000 employees working in more than 20 countries and posted sales of USD 6.3 billion in 2007. NXP creates semiconductors, system solutions and software that deliver better sensory experiences in mobile phones, personal media players, TVs, set-top boxes, identification applications, cars and a wide range of other electronic devices. News from NXP is located at www.nxp.com.
About Tata Consultancy Services (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 111,000 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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