
TCS wins 10 year mega-deal...
By Steve Ranger
Published: 19 October 2007 10:00 GMT
Media and information company Nielsen is to spend $1.2bn over 10 years outsourcing a chunk of its IT to Tata Consultancy Services (TCS).
The companies have reached an agreement in principle and said they are in negotiations on a definitive agreement, which is expected to be signed in "the near future".
Under the proposed 10-year deal, TCS will take responsibility for IT and "operational processes" and help Nielsen integrate and centralise multiple systems. TCS will also assume responsibility for some finance and HR processes, which will be run on new business process outsourcing (BPO) platforms built by TCS.
Nielsen provides TV and internet audience measurement and analysis of consumer behaviour for the packaged goods and retail industries, as well as business publications and trade shows.
Mitchell Habib, executive VP in charge of Nielsen Global Business Services, said the deal will help the company "streamline and simplify" its IT infrastructure.
The BPO deal will help Nielsen consolidate its processes and systems into a single platform, which it said will provide real-time access to organisation performance and reporting. It covers financial services in such processes as accounts receivable and payable, billing, credit and collections, general accounting, and HR processes including workforce administration, global reporting and payroll services.
As part of the agreement, TCS said it will take direct responsibility for a Nielsen team based in Baroda, Gujarat in India.
Carphone Warehouse signs $200m Indian IT deal
Project management skills in short supply
Offshoring - culture lessons are crucial
Skills crisis? What skills crisis?
UK tech skills crisis 'exaggerated'
Skills Survey 2007: Industry falling out of love with IT grads
A call centre in your bedroom?
HCL IBS is part of the HCL Group of companies and is one of India's leading global IT services companies with 60,000 professionals and operations ...
A rare opportunity has arisen within one of the top tier Investment Banks as they require a VP Level C# Lead developer with expertise in building ...
HCL IBS is part of the HCL Group of companies and is one of India's leading global IT services companies with 60,000 professionals and operations ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
William Benn Future-proof your outsourcing: Stay flexible Size demands can fluctuate, scalability is key to success
Saritha Rai Why are Indian outsourcing companies such bashful suitors? No mega-mergers despite billions on hand