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Tata Consultancy Services in negotiations for $1 billion outsourcing deal

Filed in archive Outsourcing News by Danny on April 20, 2006

Tata Consultancy Services in negotiations for $1 billion outsourcing deal
Tata Consultancy Services (TCS) is in the final stages of negotiations with Deutsche Bank for an outsourcing deal estimated at $1 billion. This could become the biggest outsourcing deal obtained by an Indian IT company.

Processes to be outsourced to India could range from sales and collections to processinglinks of financial data.

"TCS is in close negotiations with Deutsche Bank for the outsourcing deal. TCS is the only company in the fray, and if it is successful, it will be able to wrap up the deal in a month," a source said. Executives declined to comment on the deal, citing a mandatory silent period before the fourth quarter results.

Image Source: www.acgny.com


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