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Tata Consultancy grabs $100Million 5-year contract with NXP!

Eindhoven, The Netherlands, May 26, 2008; 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 Centre 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.”


Press Release

Comments

  1. Too bad this contract will be cancelled by KKR when Infineon acquires NXP.

    NXP is no longer a 'Top 10' semi company. Their ranking slipped to 16 when they sold off their mobile and personal line to ST.

    ReplyDelete

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Whale Fall
-----------------

Dress me up in my new threads
clasp my greasy palms
grease my hair
I'm ready for the fall


Watch at all the decadence
watching the avalanche
I'm slipping down
losing my buoyancy


What's become of us
where have we come
this far, this close
close to the doors


I hear them, sublimal chants
I'm on the run
I race through the human sea
I am the king!


I'm the slave
to my own undoings
I'm the jester in my courtyard
We jest as we run


We're strolling on that thin rope
we grope as we rope
we're true heros
we're the survivors


we're the scavengers
we're the friends
we're the lovers
we're the unbred


Soon awaiting the fall
we're lurking on us
we're osedaxing us
we're soon going to be done
we'll soon be arrested




*osedax(bone devourer, newly discovered marine genus) feeds on a fallen(sunken) whale carcass(which is also called a whale fall). Read more here