New Delhi - India's biggest software company Tata Consultancy Services (TCS), and global communications services enabler Nokia Siemens Networks, have reached a multi-million-euro agreement for the latter to transfer part of the operations of its Dusseldorf centre in Germany to TCS, a joint statement said Monday. Tha agreement includes transfer of product engineering and research and development services as well as parts of the Operations and Business Software (OBS) unit activities from Nokia Siemens Networks to TCS, the release said.
The reassigned operations belong to the Nokia Siemens Networks development centre in Dusseldorf and includes 90 employees who will be transferred to TCS as part of the agreement.
"With this agreement Nokia Siemens Networks and TCS will create an efficient set-up whereby TCS will provide global R&D services to Nokia Siemens Networks by leveraging its expertise in the telecommunications sector," the release said.
The transfer to TCS is part of Nokia Siemens Networks' overall strategy to realize synergy savings, the release added.
"For many years, Tata Consultancy Services has been a valuable partner to Nokia and Siemens, our parent companies. TCS brings to the table an in-depth experience in outsourcing projects and a proven track record of successfully transferring and integrating customers' R&D personnel," Juhani Hintikka, head of the Operations and Business Software Business Unit of Nokia Siemens Networks was quoted as saying.
"This deal provides the employees in Dusseldorf with an excellent opportunity to work with international teams in a global company," Hintikka added.
"The integration of Nokia Siemens Networks employees would establish TCS' local presence and strengthen its position as a global player. This is especially important in Germany where brand recognition is key," said Graham Pascoe, a partner at global consultancy firm PriceWaterhouseCooper Advisory.
