NEW YORK and MUMBAI, India, Dec. 2, 2015 /PRNewswire/ -- Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, announced that it has been recognized as a "Leader" and "Star Performer" in Life Sciences Outsourcing by leading consulting and research firm, Everest Group, in its report, "IT Outsourcing in European Life Sciences Industry Service Provider Landscape with PEAK Matrix™ Assessment 2015."
Everest Group recognized TCS for the company's deal success globally, its further consolidation of operations in emerging geographies, strong growth on a large base, and its ability to sustain an extensive delivery network across North America, Europe, APAC, MEA and Latin America while continuously investing in proprietary solutions and research.
Everest Group evaluated 15 ITO service providers specific to the global life sciences sector and mapped them on its 'Performance | Experience | Ability | Knowledge (PEAK) Matrix,' a composite index of several distinct metrics related to a provider's capabilities and market success. In addition to the classifications of Leaders, Major Contenders, and Aspirants, the PEAK Matrix also designates eligible service providers with Star Performers status, based on the service providers' relative year-on-year movement on the Everest Group PEAK Matrix. 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.
"Europe presents a unique opportunity in Life Sciences given the significant catchment area as well as differential challenges and requirements for various regional clusters, unlike North America which is a largely monolithic buyer geography. TCS has managed to continually extend its broader capabilities in the European market, with a strong focus on adopting a value-chain view to technology solutions," said Jimit Arora, Vice President - IT Services, Everest Group.
Debashis Ghosh, President - Life Sciences, Manufacturing and Energy, TCS commented, "The Life Sciences industry is currently experiencing significant change, as businesses and organizations look to adapt to the transformative effect of digital technologies such as Big Data, Cloud, Social, Mobile Computing and Artificial Intelligence. At TCS, we pride ourselves on being at the forefront of these changes across geographies and we are delighted to be recognized as Leader and Star Performer in Life Sciences ITO in the European market by Everest Group. We look forward to building on this success by continuing to invest in the digital innovation and skills that our clients need to thrive in the long-term."
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, accentuate manufacturing productivity and amplify 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 335,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of US $15.5 billion for year ended March 31, 2015 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