The Hindu Business Line : US Technology in tie-up with tax services provider

Thiruvananthapuram May 30 US Technology, a leading provider of end-to-end IT services for Fortune 500 companies, has signed a `multi-year and multi-million dollar agreement' with H&R Block of the US, reputedly the world's largest tax services provider, to provide software development and testing services.

H&R Block is a leading provider of tax, financial, and accounting and business consulting services and products, and has prepared more than 400 million tax returns since 1955. The company currently operates in three principal business segments of tax services, business services and consumer financial services.

Strengthening ties

The new agreement would further expand an already existing partnership between the two companies for developing quality tax products, according to Mr Sajan Pillai, President, US Technology.

"We are excited that one of the world's leading brands has chosen US Technology as its strategic partner and we look forward to renewing our commitment to this relationship," he added.

Innovative approaches

According to Ms Karen Orosco, Vice-President of Technology at H&R Block, the switch to the overseas development centre model will yield benefits to the organisation thanks to the multi-year sourcing model and a shared pool of resources to be utilised. This will help the company effectively meet pipeline requirements.

The two companies will continue to collaborate in efforts for introducing innovative approaches to develop, test and enhance H&R Block's retail and online tax products.

US Technology uses a proven "hybrid" global sourcing and delivery model to provide IT and business process outsourcing services. It is a fully owned subsidiary of US Technology Resources, headquartered in the US.