Another $100 million deal for TCS?

MUMBAI: Software services firm Tata Consultancy Services Ltd. (TCS) has reportedly bagged another $100 million outsourcing deal from global health and hygiene company, Kimberly-Clark Corp.

Dallas, US-based Kimberly-Clark is famous for its products like Kleenex, Huggies, Kotex, etc.

Reuters today reported the news quoting a source. Meanwhile, TCS preferred silence on the subject and would not comment on the news report.

This is the third such outsourcing deal that features TCS. Only a few days back, TCS and Satyam had bagged a multi-million dollar deal from Qantas, the Australian Airline company.

On the heels of the deal, there were reports that TCS had also inked a $35 million deal with pharmaceuticals design and development major Eli Lilly to provide drug development services, including clinical trial data management, statistical analysis and medical writing.

The deals reaffirm the success of TCS global delivery model. TCS is also getting active on the M&A front, picking up 75 per cent stake in Swiss company, TKS-Teknosoft for around $120 million.

TCS also acquired an Australian firm TCS Management for $1.9 million, thus spreading its reach in Europe and Asia-Pacific.

Meanwhile, analysts predict that this is only the beginning and more such niche and targeted M&A could be in the offing, an art mastered by Wipro over the last few years.

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