Mumbai, Sep 17: Indian IT major TCS has signed a five year global contract with Sweden based telecom multinational Ericsson to deliver application maintenance and development services for internal IT operations. TCS was one of the two strategic partners who will deliver application maintenance services to Ericsson and a preferred supplier for application development services.
TCS Nordic Region Director Amit Bajaj in a release here said the contract demonstrted TCS' unique value proposition to its European clients through increased service quality and greater alignment to their business needs. ''Nordic companies are increasingly looking to service providers like TCS to create a compelling value and deliver consulting, IT services and product engineering synergistically through a single global service standard using TCS' Global Network Delivery Model (GNDMTM)'' he added.
Sweden Managing Director Nils Molin, at the analyst firm IDC added ''This contract signifies the trend of increased acceptance of Indian headquartered IT companies delivering complex projects in the Nordic region. TCS has been spearheading this trend by investing heavily in localizing its Nordic operations, expanding its services portfolio and aggressively adding new clients. We expect Nordic companies to continue to add deliveries from off-and nearshore centres to their sourcing strategies for IT Services.''