Top Software Firm Of India, TCS Unit Wins 250 Million
One of the top IT firm Tata Consultancy Services Ltd.(TCS) announced on Wednesday that company’s UK subsidiary Diligenta has succeed two life and pension contracts which total around 250 million products in revenue in the United Kingdom.
Diligenta is one of the leading business Process outsourcing (BPO) service providers in the United Kingdom.
Chairman, Diligenta and Executive Director, TCS, Phiroz Vandrevala, said on a statement that “TCS set up Diligenta to specialize in the provision of business process outsourcing services for the UK life and pensions industry.
These new wins further cement the company’s position amongst the largest providers of such services in the UK market and demonstrates our ability to closely partner with our customers. Diligenta has grown from strength to strength since it was set up in 2006, and today marks yet another milestone as we cross the five million mark for policies under administration. This is a very exciting time for the company and for all involved.”
Diligenta, Chief Executive Officer, Suresh Menon said that, “Taking on the UISL book of business is testament to the positive results and impact we have already delivered to our customers. Diligenta will use its vast experience of life and pensions BPO and the existing expertise available at UISL to continue to build its UK operations and service UISL’s customers.”
Managing Director of Operations at Phoenix Life, Tony Kassimiotis said that, “We are grateful to Unisys and Diligenta for working so constructively with us to get to this point. We have agreed on a deal that preserves continuity for our UISL-serviced policyholders, whilst promising a migration to the more modern administration platform already being operated by Diligenta for 2 million of our policies. Moving to a platform with greater scale and capability will drive down our unit costs over time, which will support our mission to deliver improved returns for our customers and value for our shareholders.”
The TCS Company said in a statement, that, The Old Mutual International and The Phoenix group awarded the contract.
