Everest Group PEAK Matrix Positions TCS as a Leader in Capital Markets
Business Process Outsourcing
Report Cites TCS' Scale, Scope and Technology Capability as the Source of its
MUMBAI, India, Dec. 20, 2012
MUMBAI, India, Dec. 20, 2012 /PRNewswire/ --Tata Consultancy Services (TCS),
(BSE: 532540, NSE: TCS) a leading IT services, consulting and business
solutions organization, announced today that it has been designated as a
Leader in Capital Markets BPO in the Everest Group report 'A PEAK into the
Leaders, Major Contenders and Emerging Players of the Capital Markets BPO'.
Among the attributes that earned TCS the prominent position are its scale,
scope of offering, and its strong technology capability characterized by TCS
BaNCS Suite of platforms for capital markets, a platform based trade
reconciliation solution, and its TRAPEZE set of tools.
In this report, Everest Group analyzed the position of 14 service providers on
the Everest Group Performance | Experience | Ability | Knowledge (PEAK) Matrix
for Capital Markets BPO. The PEAK Matrix is a framework to assess the absolute
market success and overall capability of service providers. These service
providers are divided into three categories -Leaders, Major Contenders, and
Emerging Players - based on market success and delivery capability.
"Our research shows that the relatively nascent Capital Markets BPO landscape
is fairly competitive. TCS's investment in domain capability, technology
solutions, and process excellence has helped it achieve significant market
success and get this recognition," said Rajesh Ranjan, Vice President, Everest
"We are honored to receive recognition for our leadership in Capital Markets
business process services from Everest Group. Our ability to partner with
customers to create domain specific solutions that address the current
pain-points in the industry, our transformational approach in creating
industry utilities and focus on analytics have led to our market success,"
said Abid Ali Z Neemuchwala, Global Head, TCS BPO.
With a wealth of experience partnering with the world's leading banks and
financial institutions, TCS's domain expertise spans the entire Banking,
Capital markets and Insurance lifecycle. TCS' FORE™ transformation
methodology, the TCS BaNCS suite of platform solutions and its Global Network
Delivery Model GNDM™ enables TCS to be a strategic and proactive growth
enabler for its banking customers.
About TCS BPO
Business Process Services (BPO) at TCS is about managing and executing
business operations. Our domain expertise helps deliver core business
processing across industries, analytics & insights and support processes such
as accounting, HR and supply chain management. TCS partners with customers to
accelerate co-transformation, and generates business value for customers
through delivery excellence, risk management and through innovative models
such as Platform BPO which delivers process as a service. With over $ 1.1 B in
BPO revenues and 40,000+ employees across 11 countries delivering services to
over 200+ customers, TCS is one of the leading Global Domain based BPO
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions
organization that delivers real results to global business, ensuring a level
of certainty no other firm can match. TCS offers a consulting-led, integrated
portfolio of IT, BPO, infrastructure, engineering and assurance services. This
is delivered through its unique Global Network Delivery Model™, recognized as
the benchmark of excellence in software development. A part of the Tata group,
India's largest industrial conglomerate, TCS has over 254,000 of the world's
best-trained consultants in 44 countries. The company generated consolidated
revenues of US $10.17 billion for year ended March 31, 2012 and is listed on
the National Stock Exchange and Bombay Stock Exchange in India.
For more information, visit us at www.tcs.com.
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SOURCE Tata Consultancy Services
Contact: Global, firstname.lastname@example.org, +91 22 6778 9999; India,
email@example.com, firstname.lastname@example.org, +91 22 6778 9077; APAC,
email@example.com, +65 9139 3668; USA/Canada, firstname.lastname@example.org,
+1-646-313-4594; Europe/UK, email@example.com, +44207245 1800
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