Tata Consultancy Services Wins Five Year Engagement With NXP Semiconductors
Posted on May 27, 2008
Filed Under cars
EINDHOVEN, The Netherlands, May 27 /PRNewswire/ — 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 Center 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
http://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 http://www.tcs.com
SOURCE Tata Consultancy Services
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