Market research and analysis firm Nielsen is outsourcing a portion of its IT and business processes to Indian outsourcer Tata Consultancy Services (TCS).
Under a 10-year agreement valued at $1.2bn (£590m), TCS will take over responsibility for many of Nielsen’s IT and operational processes and help the firm to establish global systems by beginning the process of shifting its multiple systems, technologies and processes onto standardised, globally scalable platforms.
TCS will also deliver certain finance and human resource business processes, the company said.
On Monday, TCS reported growth of 45%in revenue and profit for the quarter ended 30 September, despite fearsthat the weakening dollar would erode margins for Indian outsourcers.
Find your next job with computerworld UK jobs