TCS cracks $70 million business transformation deal with Superpartners

Stan Beer
Thursday, 11 December 2008 11:14

IT Industry - Deals

Offshore specialist Tata Consultancy Services Limited (TCS) has been chosen as prime systems integrator for a new core administration platform at Superpartners, the largest superannuation administrator in Australia, in a AUD$70 million business transformation project. The delivery is expected to be completed in less than 15 months.

Under the terms of agreement, TCS will manage end to end systems integration such as configuration work, complex integration with various business critical applications and execution of complex testing scenarios to ensure that the system meets the business objective of Superpartners for their business transformation program.

All 16 of Superpartners’ Industry Superannuation Fund clients are expected to be integrated onto the new system by the end of January 2010.

Superpartners serves approximately 6 million member accounts, 700,000 employers and has over $75 billion in funds under administration. Superpartners employs over 1500 people across Australia. To maintain its position and increase scalability and flexibility Superpartners has embarked on a transformation program costing AUD$70 million and spread over 12 months.

Commenting on their decision to work with TCS, Greg Camm, CEO Superpartners said, “In a fiercely competitive market we needed to undertake the current business transformation program to remain cost competitive. However for an implementation that is delivered on time, working with an expert, who has proven global delivery capability and expertise was critical.”  He further added, “After an aggressive due diligence process we concluded that TCS emerged on top as the best system integrator for the administration platform.”

Speaking on the win, TCS’s Varun Kapur, General Manager, Australia & New Zealand said, “We are excited to work with Superpartners because of the scale and complexity of this implementation coupled with the tight timeframe. It underscores TCS’s extensive domain and delivery capabilities that bring certainty to our projects and quantum benefits to our clients. We look forward to working with Superpartners and adding value to them by their shortening the time to market, leveraging our global proven technology and domain expertise.”