NEW YORK and MUMBAI, Nov. 17, 2016 /PRNewswire/ -- Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, today announced it has been recognized as a Leader in Life Sciences IT Application Services and IT Infrastructure Services, and a Leader and Star Performer in Digital IT Services in three recent Everest Group reports.
Everest Group acknowledged TCS' strong foothold in the pharma and medical devices sector, and growing traction with biotechnology firms, in addition to its ability to develop next generation solutions in the areas of drug development and customer engagement. Everest Group also commended TCS for achieving year-on-year growth in its sizable Digital IT Services business, along with consolidated revenue across multifaceted buyer segments.
Everest Group assessed the capabilities and market successes of 21 IT service providers for IT Infrastructure Services, 22 vendors for IT Application Services and 23 for Digital IT services, specific to the global Life Sciences sector. Everest Group mapped them to its 'Performance, Experience, Ability, Knowledge (PEAK) Matrix™, a comprehensive composite index of several distinct metrics, such as each provider's scale of operations, services suite, innovation, and domain investments. The resulting PEAK Matrix™ categorized service providers as Leaders, Major Contenders and Aspirants, and designated eligible companies with Star Performers status relative to their year-on-year movement on the Everest Group PEAK Matrix.
"Life sciences firms are increasingly looking at service providers to manage globally diversified operations. TCS has emerged as a partner of choice in an environment where clients are looking for all of the following at scale – execution excellence, domain expertise and innovation. TCS has displayed broad-based strengths across applications, infrastructure and digital to effectively form partnerships with this industry's key players," said Jimit Arora, Partner, Everest Group.
"Life Sciences services today are more focused towards collaborative innovation, targeted analytics, and the development and deployment of nextgen solutions and platforms," said Debashis Ghosh, President - Life Sciences, Manufacturing and Energy & Resources, TCS. "We are proud to receive such ongoing recognition from Everest Group, reflecting TCS' consistent advancements in domain expertise, efficiency in operations and radical technological breakthroughs, in delivering true business value to customers throughout the Life Sciences value chain."
The three recent reports recognizing TCS in the Life Science sector were:
- "Life Sciences Digital IT Services- Service Provider Landscape with PEAK MATRIX™ Assessment 2016," September 2016.
- "Life Sciences IT Application Services- Service Provider Landscape with PEAK MATRIX™ Assessment 2016," August 2016.
- "Life Sciences IT Infrastructure Services- Service Provider Landscape with PEAK MATRIX™ Assessment 2016," July 2016.
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 371,000 of the world's best-trained consultants in 45 countries. The company generated consolidated revenues of US $16.5 billion for year ended March 31, 2016 and is listed on the BSE Limited and National Stock Exchange of India Limited. For more information, visit us at www.tcs.com.
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SOURCE Tata Consultancy Services