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TCS + Nielsen in Billion Dollar Deal

October 18, 2007

Tata Consultancy Services (TCS) is entering into an agreement with Nielsen company, the world’s leading provider of consumer and media information services, for outsourcing a portion of Nielsen’s information technology (IT) and operations functions worldwide.

Under the ten-year deal, valued at US $1.2 billion, TCS will assume responsibility for important IT and operational processes and help Nielsen integrate and centralize multiple systems, technologies and processes on a global scale. TCS also will assume responsibility for certain finance and human resource business processes, which will be executed on new BPO platforms built by TCS.

The implementation of next generation technology platforms and processes will enable faster & enriched information service delivery for Nielsen. TCS will also set up an innovation lab with Nielsen to help the customer conceptualize the next generation of business solutions far its end clients globally.

Read Dalal Street Analysts Exclusive Coverage on TCS stock after Q2 Results.

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