We recently read an article on CIO.com about a $2.2 Billion dollar order that was placed by Friends Life to Tata Consulting Services. We thought it would be interesting for anyone that is involved in the IT Consulting Businesses.
IDG News Service — Tata Consultancy Services (TCS) has bagged a 1.37 billion (US$2.2 billion) business process outsourcing order from Friends Life, a provider of pensions, investments, and insurance, it said in a filing to Indian stock exchanges.
The business process outsourcing (BPO) order, spread over 15 years, is one of the larger ones for Indian outsourcers who are finding demand slackening because of the economic crisis in Europe and the U.S. It is the largest BPO contract signed in the U.K. in recent years with a new client, said John O’Brien, research director at TechMarketView, a research and consultancy firm in the U.K.
As an IT Service Consulting business, we believe its probably safe to say that Tata Consulting Services just hit the IT Consulting jackpot. Although a $2.2 billion job is a big one, it will be a sure steady stream of income for Tata Services and it will also provide a chance for them to gain respect among other companies that wish to seek IT Consulting Services.
Suppliers like Diligenta with the right capabilities and platform offerings are going to do well, he said. “It leaves question marks over how rivals like HCL and Capita are going to compete,” he added.
The contract with Friends Life also includes some IT services business in connection with the migration of some accounts to TCS’ insurance platform called BaNCS Insurance.
Here at Roan Solutions, we believe it is important to gain respect by providing quality work and proving its ability to handle itself under pressure. For all small businesses like ours, especially small businesses that operate in the Boston area, we thought this article would interest you. Please, let us know what you think about it!
For the full article, click here.
