Source Name: Tata Consultancy Services Ltd.

TCS Recognized as Leader in Life Science Manufacturing and Supply Chain ITO by IDC MarketScape

Report Cites TCS' Extensive Industry Experience, Strong Client Base and Global Delivery Capabilities

Dec 04, 2015 16:30 IST

Mumbai, Maharashtra, India

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, today announced it has been designated as a Leader in the ‘IDC MarketScape: Worldwide Life Science Manufacturing and Supply Chain ITO 2015 Vendor Assessment’ (October 2015). TCS was recognized for its overall capability and extensive experience working with Life Science companies across all three sections of the industry: pharmaceutical, biotech and medical devices.

The report evaluated the top 14 leading IT vendors that serve the Life Science Manufacturing and Supply Chain space across a number of services such as system implementation, systems integration, data integration, application development, maintenance, support, and infrastructure outsourcing. IDC MarketScape criteria of selection, weightings and vendor scores represent well-researched IDC judgment about the market and vendors through structured discussions, surveys and interviews with market leaders, participant buyers and end users.

“There continues to be strong demand in Life Sciences for external partners that have strong industry expertise and can help achieve corporate goals through better, cheaper, and more flexible use of manufacturing and supply chain–focused technology,” said Eric Newmark, Program Director, IDC Health Insights, Business Systems Strategies Program. “TCS has demonstrated its expertise and innovation through its extensive work with Life Sciences companies in the Manufacturing and Supply Chain market. TCS’ exceptional technical skills and project management capabilities, coupled with the overall value that the company consistently delivers to its clients, make it a leader in the field.”

“Life Sciences manufacturers today are under increasing pressure to improve supply chain efficiency and agility, as well as eliminate waste from entire manufacturing and supply chain processes,” said Debashis Ghosh, President - Life Sciences, Manufacturing and Energy, TCS. “IDC’s recognition in the manufacturing and supply chain space is a testament to the unparalleled service and solutions that TCS offers to its Life Science customers. With our continuous domain focus, innovation and expanding global footprint, we will continue to add value for Life Sciences companies worldwide.”

About IDC MarketScape

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360 degree assessment of the strengths and weaknesses of current and prospective vendors.

About TCS’ Life Sciences Services

Top global life sciences organizations derive value from TCS’ full services play in IT, consulting, KPO, infrastructure and engineering services as well as new-age business solutions including mobility and Big Data. TCS’ rich industry experience, domain expertise and global footprint ensures that it partners with its life sciences customers to help them advance clinical trial efficiencies, accelerate drug discovery, accentuate manufacturing productivity and amplify sales and marketing effectiveness. In addition, TCS has a dedicated Life Sciences Innovation Lab, which ensures that its customers have the tools and innovative solutions they need to solve complex business challenges.

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 335,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $15.6 billion for year ended March 31, 2015 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.