The Hindu Business Line : TCS bags Rs 14-cr Temasek contract

Mumbai March 15 TCS said on Thursday that it has entered into an S$5-million (Rs 14.38-crore) business performance management engagement with Temasek Holdings, one of Asia's largest investment companies.

The deal will enable TCS provide services around the Hyperion product suite for Temasek and is aimed at addressing Temasek's need for a Web-based information management software and a data warehouse that will form the backbone of its management decision support system, according to a TCS release.

"The solution we are implementing for Temasek Holdings automates the consolidation of information across the many departments and systems they have and provides them with an integrated multi-dimensional view of their business," said Mr Girija Pande, Executive Vice-President and Head of TCS Asia-Pacific.

This solution will help provide Temasek with an integrated view of various investments and portfolios that it holds across various business units and business, the release added. TCS will broadly provide Temasek with data acquisition and integration.

This is the second major deal the company has cracked in the Asia-Pacific region in the last six months. The scrip gained 1.87 per cent to close at Rs 1,236.2 on the BSE today.

More Stories on : New Business | Software | Management | Tata Consultancy Services Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page