Home Industry Strategy TCS acquires IT consultancy firm for A$15m
IT services firm Tata Consultancy Services has acquired TCS Management (TCSM),  a privately-owned consulting company in Australia for an up-front cash payment of A$1.7 million, plus performance payments for a total of A$15 million over 5 years.

TCSM is privately owned and has over 35 senior consultants with a total turnover of A$5.5 million for the financial year ended June 30, 2006.
 
Neville Roach, the chairman of TCS-owned FNS, will be the chairman of TCSM. Key personnel, most of whom have over 15 years of industry experience, including the current management team will remain with the company.

“The acquisition of TCSM is part of the strategy to substantially grow our Australian business and provide high-end business and IT consulting to our large Australian client base. Local knowledge and domain consulting expertise brought by TCSM will complement TCS' global capabilities in consulting, IT services and BPO to provide greater value to Australian business,” said Girija Pande, Head of Asia-Pacific.

TCSM was established in 1993 and has clients such as ANZ Bank, Commonwealth Bank of Australia (CBA), National Australia Bank (NAB) together with investment banks Macquarie and Goldman Sachs JBWere. Other key markets TCSM operates in are telecommunications and media, retail and the government sector.

Simon Hastings, CEO of TSCM said: “We are excited at the prospect of being part of Tata Consultancy Services. We have enjoyed consistent success because we listen to our customers, work to understand their business and create value for their business. Now with TCS’ strong global systems integration, BPO and managed services capability, we will be able to significantly extend our transformational offering to clients.”

In 2005, TCS acquired FNS, a Sydney-based software solutions company for A$26 million.

47 REASONS TO ATTEND YOW! 2018

With 4 keynotes + 33 talks + 10 in-depth workshops from world-class speakers, YOW! is your chance to learn more about the latest software trends, practices and technologies and interact with many of the people who created them.

Speakers this year include Anita Sengupta (Rocket Scientist and Sr. VP Engineering at Hyperloop One), Brendan Gregg (Sr. Performance Architect Netflix), Jessica Kerr (Developer, Speaker, Writer and Lead Engineer at Atomist) and Kent Beck (Author Extreme Programming, Test Driven Development).

YOW! 2018 is a great place to network with the best and brightest software developers in Australia. You’ll be amazed by the great ideas (and perhaps great talent) you’ll take back to the office!

Register now for YOW! Conference

· Sydney 29-30 November
· Brisbane 3-4 December
· Melbourne 6-7 December

Register now for YOW! Workshops

· Sydney 27-28 November
· Melbourne 4-5 December

REGISTER NOW!

LEARN HOW TO REDUCE YOUR RISK OF A CYBER ATTACK

Australia is a cyber espionage hot spot.

As we automate, script and move to the cloud, more and more businesses are reliant on infrastructure that has the high potential to be exposed to risk.

It only takes one awry email to expose an accounts’ payable process, and for cyber attackers to cost a business thousands of dollars.

In the free white paper ‘6 Steps to Improve your Business Cyber Security’ you’ll learn some simple steps you should be taking to prevent devastating and malicious cyber attacks from destroying your business.

Cyber security can no longer be ignored, in this white paper you’ll learn:

· How does business security get breached?
· What can it cost to get it wrong?
· 6 actionable tips

DOWNLOAD NOW!

Stan Beer

 

Stan Beer co-founded iTWire in 2005. With 30 plus years of experience working in IT and Australian technology media, Beer has published articles in most of the IT publications that have mattered, including the AFR, The Australian, SMH, The Age, as well as a multitude of trade publications.

 

Popular News

 

Telecommunications

 

Sponsored News

 

 

 

 

Connect