OREANDA-NEWS. January 25, 2012. Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organisation, announced, today, that it has been designated as a leader in application outsourcing (AO) in capital markets by the prominent advisor on the next generation of global services, Everest Group, in its report, Application Outsourcing (AO) in Capital Markets – PEAK into the Evolving Service Provider Landscape. Among the attributes that earned TCS the prominent position are its strong customer base, partnerships with capital markets technology vendors, its extensive portfolio of proprietary solutions for capital markets AO delivery and the capital markets related modules of TCS BaNCS.

The report is part of Everest Group’s nine-part series on AO in the banking, financial services and insurance industry (BFSI) in 2011. In this research, Everest Group analysed the capabilities of over twenty of the most important players in the AO industry in global capital markets. The providers were examined through the lens of Everest Group’s Performance, Experience, Ability, Knowledge (PEAK) Matrix — a composite index of distinct metrics focused on the provider’s capability and market success.

“TCS is the largest among major offshore AO providers examined in our research and a true industry leader with a strong focus on BFSI and an impressive product portfolio as well as robust technology vendor partnerships,” said Amneet Singh, vice president, Everest Group. “We are pleased to award TCS this distinction.”

“We are honoured to receive the designation of a leader in AO in capital markets by Everest Group — an organisation whose research and analysis in the global services industry has and will continue to inform and guide business leaders around the world,” said Susheel Vasudevan, vice president and head, banking and financial services (UK, Europe, global capital markets) for TCS. “As companies globally streamline their processes by leveraging application management and IT investments, TCS will remain dedicated to providing our customers with the products and solutions that help to meet their goals.”