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TCS gets $100 mn deal from UK’s 4U Group

TCS gets $100 mn deal from UK’s 4U Group
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First Published: Wed, Jan 28 2009. 04 14 PM IST
Updated: Wed, Jan 28 2009. 04 14 PM IST
Bangalore: Tata Consultancy Services Ltd (TCS), India’s largest IT vendor said it won $ 100 million or Rs 489 crore multi-year managed IT services deal from British telecom and financial services firm 4U Group Ltd.
TCS employees in the UK will support and manage software applications, the IT infrastructure and data centres for the British retailer , a statement said. A TCS spokesperson said the contract would be spread over multiple years.
“This relationship with TCS is part of our ongoing commitment to further enhance our business, deliver on our strategy and meet the ongoing needs of our customers,” said Darren Billings, Chief Technology Officer at 4U Group.
TCS employs around 4800 people in 65 locations in the UK. “This contract demonstrates that while there is undoubtedly unrest in global markets, there is still interest and investment going into outsourcing contracts,” said Ian Brown, Senior Analyst at Ovum in the statement.
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First Published: Wed, Jan 28 2009. 04 14 PM IST