Bangalore, Nov 15: Tata Consultancy Services (TCS) today announced that it had won a four year contract valued at over US dollar 200 million with the Social Security Institute of Mexico (IMSS).
With over 370,000 employees and providing coverage to over 50 million Mexican citizens, IMSS is the largest organization of its kind in Latin America. TCS won this engagement following a public bid process and a rigorous assessment based on technology and financial parameters over three other leading global and local technology companies the Company said in a release here.
In its role as the strategic IT services partner for IMSS, TCS would provide end to end IT services including application maintenance and support, custom software development, business analysis services, management of strategic IT programs and value added initiatives for the organisation's affiliates.
Earlier this year TCS had expanded its operations in Mexico by launching a global delivery centre in Guadalajara with plans to hire over 500 professionals in the short term. ''Mexico is emerging as a key market for TCS in Latin America. As the strategic technology partner for the Government of Mexico's social security organization, TCS will bring in global best practices and benchmark standards to ensure excellence in service quality and performance, allowing them in turn to better serve the citizens of Mexico,'' said N Chandrasekaran, Executive Director and Chief Operating Officer of TCS in the release.
''This agreement with IMSS is the largest deal for us to date in Latin America, coming after similar large engagements we have won in recent years with ABN Amro bank in Brazil, Registro Civil in Chile and Banco Pichincha in Ecuador'' Mr Gabriel T Rozman, President of TCS Iberoamerica said in the release. The order consolidated TCS position as the IT partner of choice for major Latin American organisations and also marked its emergence as a key player in the Mexican technology sector he added.