BackTCS signs deal with French firm GDF Suez through its Alti unit
The deal is the first secured through TCS's recently acquired Alti unit in France
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Mumbai: India’s largest software services exporter Tata Consultancy Services Ltd (TCS) has won a multi-million euro deal from French company GDF Suez SA, the first secured through its recently acquired Alti SA unit in France.
“This is the first landmark deal, which reinforces the tremendous synergies between TCS’s global capabilities and the local talent base as well as knowledge we have secured through our acquisition of Alti SA," Kumar Narayanan, director, TCS France, said on Tuesday. “The integrated capabilities allow us to provide the more comprehensive set of services and solutions to help our clients in Europe make their business more competitive."
The deal involves rationalizing and standardizing CRM (customer relationship management) and billing applications across France, Belgium and the Netherlands, the company said.
On 9 April 2013, TCS announced it had agreed to buy Alti for €75 million (around Rs.590 crore today) in an all-cash transaction. Alti, which made revenue of €126 million in 2012, is regarded as one of the top five system integrators of SAP solutions in France. Its customers include French banks, financial services, luxury and manufacturing companies and utilities.
The company has 1,200 employees in France, Belgium and Switzerland.
TCS shares were trading 0.45% higher at ₹ 2,162.10 each on BSE at 11.52am, while the benchmark Sensex was nearly unchanged at 22,033.22 points. The BSE IT Index was down 0.17% at 8,855.46 points.
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