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TCS acquires TCS Management

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CIOL Bureau
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MUMBAI: Tata Consultancy Services today announced that it had acquired TCS Management (formerly called Total Communication Solutions), a privately-owned consulting company in Australia for an up-front cash payment of Aus$1.7 million, plus performance payments for a total consideration of Aus$ 15 million over five years.

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TCSM has over 35 senior consultants with a total turnover of Aus$5.5 million for the financial year ended June 30, 2006.

Neville Roach, the chairman of TCS-owned FNS, will be the chairman of TCSM. Key personnel, most of whom have over 15 years of industry experience, including the current management team will remain with the company.

"The acquisition of TCSM is part of the strategy to substantially grow our Australian business and provide high-end business and IT consulting to our large Australian client base. Local knowledge and domain consulting expertise brought by TCSM will complement TCS' global capabilities in consulting, IT services and BPO to provide greater value to Australian business," said Girija Pande, TCS' Head of Asia-Pacific.

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TCSM, established in 1993, has clients such as ANZ Bank, Commonwealth Bank of Australia (CBA), National Australia Bank (NAB) together with investment banks Macquarie and Goldman Sachs JBWere.

Other key sectors TCSM will operate in are telecommunications and media, retail and government.

TCSM specializes in business and technology transformation, bringing benefits such as strategy conversion, program alignment, portfolio balancing and navigation services. It also implements core delivery management solutions for the larger banking clients.

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Tata Consulting Services has been operating in Australia for over two decades and has over 500 consultants based in Australia servicing clients like BHP, Woolworth, ANZ Bank, St George Bank, Alcoa, Rio Tinto as well as the state of Victoria.

In 2005, TCS had acquired FNS, a Sydney-based software solutions company for $26 million.

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