Tata Consultancy Services (TCS) has announced that Everest Group, an advisory and research firm on global services, has recognized TCS as a Leader in large banking applications outsourcing relationships in its June 2011 report.
Everest Group evaluated leading global IT vendors servicing large (>US$25 million), multi-year (>3 years) applications outsourcing engagements specific to the banking sector in terms of delivery capability and market success. The evaluation was based on the five key dimensions of Everest Group's proprietary PEAK Matrix: market success, scale, scope, domain investments and delivery footprint. On an aggregate basis, TCS received the highest scores out of all the service providers in the analysis across both market success and delivery capability.
"This report reaffirms our position as a global leader and innovator in providing IT services to the banking industry," said K. Krithivasan, Head of Banking and Financial Services at TCS. "Our best-in-class application development and maintenance offerings combined with our industry-specific knowledge help our clients enhance their service delivery, client loyalty and overall customer experience."
"Demonstrating deep vertical expertise is becoming key to service provider differentiation and success in the IT Applications Outsourcing market," said Amneet Singh, Vice-President - Global Sourcing, Everest Group. "TCS' investments in building industry solutions for the banking vertical coupled with its industry-leading operating scale and breadth of market coverage have allowed it to establish itself as a Market Leader for large Banking Applications Outsourcing relationships."
