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.”