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Industrial Products India, Industrial Manufacturers & Suppliers
 




 
   
 
 
 

How TCS will benefit from Alti

How TCS will benefit from Alti acquisition?

Tata Consultancy Services CEO N. Chandrasekaran on Tuesday said that the acquisition of IT services firm Alti SA will give the company a strong foothold in France. The acquisition will boost TCS' presence in the European region, which is the biggest market for Indian IT firms after North America.
 
India's leading IT firms are looking to reduce their reliance on Britain as they expand in Europe. European companies are also seen as increasingly open to sending IT work to centres in India as it can help them cut IT costs by as much as 70 per cent.
 
"TCS views Europe as a significant opportunity and we have said that we continue to look for opportunities to strengthen our presence in Europe... in markets like France and Germany and other markets," Mr Chandrasekaran said.
 
 
TCS, India's biggest outsourcer, announced the acquisition of Alti SA for 75 million euros (nearly Rs. 550 crore) in an all cash deal. The French provider of business management software services had revenues of 126 million euros in 2012 with customers in financial services, manufacturing and utilities.
 
"In a market like France, frontend skills are important...strong local presence is critical. We will have 1,200 people joining us who will give us strong presence, analysis skills and tech skills," Mr Chandrasekaran told NDTV. (Read: TCS to acquire French firm Alti for 75 million euro)
 
Alti SA is a profitable company and we expect to conclude the closure by the end of this quarter and the consolidation will begin from the second quarter of this year, Mr Chandrasekaran said.
 
TCS will have access to fantastic client base, most of them CAC 40 clients, spread across financial services, utilities, pharma, retail - sectors where TCS has strong solutions and capabilities, Mr Chandrasekaran said. CAC 40 is the most tracked equity benchmark of France.
 
Alti SA has strong skill sets is enterprise solutions, business analytics and tech services.

 
     
 
   
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