NEW YORK and MUMBAI, India, Aug. 14, 2014 /PRNewswire/ -- Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, today announced that it has been recognized as a "Star Performer" and "Leader" in Life Sciences Outsourcing for the second year in a row by leading advisory and research firm, Everest Group, in its report, "IT Outsourcing in Life Sciences Industry Service Provider Landscape with PEAK Matrix™ Assessment 2014."
The Everest Group report recognized TCS for leading the pack in terms of achieving deal success globally, further consolidating operations in emerging geographies, achieving strong growth on a large base, sustaining an extensive delivery network across North America, Europe, APAC, and Latin America and continuously investing in proprietary solutions and research.
Everest Group evaluated 18 service providers specific to the global life sciences sector and mapped them on their 'Performance | Experience | Ability | Knowledge (PEAK) Matrix,' a composite index of several distinct metrics related to a provider's capabilities and market success. Everest Group also profiled the capabilities of these leading service providers in detail, including a comprehensive picture of their service scope, scale of operations, domain investments, delivery footprints, and market success. In addition to the classifications of Leaders, Major Contenders, and Emerging Players, PEAK Matrix also designates eligible service providers with Star Performers status based on providers' relative year-on-year movement on the Everest Group PEAK Matrix.
"TCS' positioning as a Leader and Star Performer is indicative of the success that the firm has seen in the life sciences ITO space, across lines of business and geographies," said Jimit Arora, Vice President – IT Services, Everest Group. "Our analysis shows that TCS has invested strongly in building capabilities across the life sciences value chain and is leveraging the same in creating a successful value proposition for clients in this space."
"2013 was yet another excellent year, as our continued domain focus, strategic partnerships and innovation investments bore fruition. Being positioned as a global Leader and Star Performer for the second year in a row by Everest Group is a strong testament to the value we bring to our customers'," said Debashis Ghosh, President – Life Sciences, Manufacturing and Energy, TCS. "As life sciences companies gravitate towards the opportunities presented by personalized medicine, emerging markets or digital technologies to re-imagine the enterprise, TCS is well poised to enable our customers to leverage these effectively and remain competitive for the future."
About TCS Life Sciences
TCS Life Sciences provides top global Life Sciences organizations full service offerings in IT, Consulting, KPO, Infrastructure and Engineering Services, as well as Mobility, Big Data, Analytics and Cloud. TCS' rich industry experience, domain expertise and global footprint allows for a seamless partnership with its Life Sciences customers to help them advance clinical trial efficiencies, accelerate drug discovery, maximize manufacturing productivity and improve sales and marketing effectiveness. In addition, TCS has a dedicated Life Sciences Innovation Lab which ensures that its customers have the tools and innovative solutions they need to solve complex business challenges.
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, BPS,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 305,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of US $13.4 billion for year ended March 31, 2014 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
SOURCE Tata Consultancy Services