Report Cites TCS' Extensive Portfolio of Proprietary Solutions and Technology Partnerships as Key Leadership Characteristics
TCS announces that it has been designated as a Leader in Application Outsourcing (AO) in capital markets by the prominent advisor on the next generation of global services, Everest Group in its report, Application Outsourcing (AO) in Capital Markets - PEAK into the Evolving Service Provider Landscape.
Mumbai, January 25, 2012: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, announced, today, that it has been designated as a Leader in Application Outsourcing (AO) in capital markets by the prominent advisor on the next generation of global services, Everest Group, in its report, Application Outsourcing (AO) in Capital Markets - PEAK into the Evolving Service Provider Landscape. Among the attributes that earned TCS the prominent position are its strong customer base, partnerships with capital markets technology vendors, its extensive portfolio of proprietary solutions for capital markets AO delivery and the capital markets related modules of TCS BaNCS.
The report is part of the Everest Group's nine-part series on AO in the banking, financial services & insurance industry (BFSI) in 2011. In this research, Everest Group analyzed the capabilities of over twenty of the most important players in the AO industry in global capital markets. The providers were examined through the lens of Everest Group's PEAK (Performance, Experience, Ability, Knowledge) Matrix - a composite index of distinct metrics focused on provider's capability and market success.
"TCS is the largest among major offshore AO providers examined in our research and a true industry leader with a strong focus on BFSI and an impressive product portfolio as well as robust technology vendor partnerships," said Amneet Singh, Vice President, Everest Group. "We are pleased to award TCS this distinction."
"We are honored to receive the designation of a Leader in AO in capital markets by Everest Group - an organization whose research and analysis in the global services industry has and will continue to inform and guide business leaders around the world," said Susheel Vasudevan, Vice President & Head, Banking & Financial Services (UK, Europe, Global Capital Markets),TCS. "As companies globally streamline theirprocesses by leveraging application management and IT investments, TCS will remain dedicated to providing its customers with the products and solutions that help to meet their goals."
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, BPO, infrastructure, engineering and
assurance services. This is delivered through its unique
Global Network Delivery Model™ (GNDM), recognized as the
benchmark of excellence in software development. A part of
the Tata group, India's largest industrial conglomerate,
TCS has over 226,000 of the world's best-trained
consultants in 42 countries. The company generated
consolidated revenues of US $8.2 billion for year ended
March 31, 2011 and is listed on the
National Stock Exchange and Bombay Stock
Exchange in India. .
TCS Media Contacts:
Global:
Email: pradipta.bagchi@tcs.com
Phone: +91 22 6778 9999
Europe / UK:
Email:abhinav.kumar@tcs.com
Phone: +32 2282 1927
# # #
India:
Email: ashish.babu@tcs.com
Phone: +91 22 6778 9077
APAC:
Email: sean.davidson@tcs.com
Phone: +65 9139 3668
USA / Canada:
Email: m.mccabe@tcs.com
Phone: +1 646-313-4594
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