TCS, US retailer SUPERVALU in multi-year deal

MUMBAI, INDIA: Indian software giant Tata Consultancy Services (TCS) said on Wednesday that it has entered into a multi-year deal with North American grocery retailer SUPERVALU for a full services engagement.

Following the agreement, over 600 SUPERVALU India stores will become a part of the IT major, TCS said in a regulatory filing.

“The engagement with SUPERVALU reinforces our global leadership as the long-term IT partner best equipped to help our customers transform their businesses using our full services capabilities and domain knowledge. We are delighted to work with SUPERVALU and to help them strengthen their leadership position in the market place,” said N Chandrasekaran, CEO and MD, TCS.

Wayne Shurts, SUPERVALU's chief information officer, said this move would allow it to improve operations, freeing up funds to invest more aggressively in its customers.

“It will also allow us to move more quickly toward business solutions, he said, adding, “We have many talented associates at SUPERVALU India, and an added benefit of this arrangement is that they will continue to play a key role in the future success of the company.”

However, the companies did not disclose the financial details of the transaction.

SUPERVALU India was formed in 2007 and provides a variety of IT infrastructure, applications and business and corporate services for the company. The sale of SUPERVALU India to TCS is expected to be completed by October 2010.