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Ventura Wealth Clients
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TCS,tcs share price,tata consultancy services,consulting services

Tata Consultancy Services (TCS) and global IT services and consulting company Capgemini have beenawarded IT upgradation contracts worth $43 million each from Norway Post, the Norwegian postal service.

The estimated value to each of the suppliers Capgemini and TCS during the contract period is around NOK 250 million. While Capgemini employs about 4,500 employees in the Nordic region serving about 103 clients, TCS has around 1,600 employees in the region.

As a part of the contract, TCS will be responsible for delivery of a wide range of application development and support services across Norway Post’s core portfolio of 55 applications. Additionally, TCS has also been entrusted to coordinate and drive the overall transition and transformation programme for Norway Post across multiple vendors.

On its part, Capgemini will be responsible for delivery of application management and development of core applications. It includes outsourcing of central applications, such as ERP and data warehousing. Norway Post which delivers over 36 million packages and 2.2 billion letters every year is implementing a structured multi-sourcing model to drive efficiency and support their Nordic Integrated business strategy.

Disclaimer: Ventura Securities Ltd has taken due care and caution in compilation of data for its web blog. The information has been obtained from different sources which it considers reliable. However, Ventura Securities Ltd does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Ventura Securities Ltd especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its web blog. The information provided herein is just for the knowledge purpose and shouldn’t be construed as investment advice under any circumstances.

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