TCS bags $200 mn contract from Sun Life Financial
Tata Consultancy Services subsidiary, Diligenta has bagged a contract valued at $200 mn for providing business process outsourcing support services to Sun Life Financial of Canada.
By INDIATIMES NEWS NETWORK |
MUMBAI: Tata Consultancy Services subsidiary, Diligenta has bagged a contract valued at Pound 100 million ($200 million) for providing business process outsourcing support services to Sun Life Financial of Canada. The services are expected to commence in May this year.
Diligenta has been working with Sun Life as preferred supplier since October 2007, following a competitive tender which came towards the natural end of Sun Life’s existing outsourcing agreement. Diligenta will continue to run the operation in Basingstoke where SLF UK's head office is based.
Dillgenta is a UK-based, FSA regulated subsidiary of the company. Since 2006, Diligenta has provided BPO services for the Pearl Group under a 12-year, Pound 486 million contract to consolidate 11 financial and administrative systems onto a single platform.
On Tuesday, TCS shares closed up 1.06 per cent at Rs 863.25 on BSE.
Diligenta has been working with Sun Life as preferred supplier since October 2007, following a competitive tender which came towards the natural end of Sun Life’s existing outsourcing agreement. Diligenta will continue to run the operation in Basingstoke where SLF UK's head office is based.
Dillgenta is a UK-based, FSA regulated subsidiary of the company. Since 2006, Diligenta has provided BPO services for the Pearl Group under a 12-year, Pound 486 million contract to consolidate 11 financial and administrative systems onto a single platform.
On Tuesday, TCS shares closed up 1.06 per cent at Rs 863.25 on BSE.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
