By receiving a 2.25 billion dollar outsourcing contract from television measurement company Nielsen, Tata Consultancy Services Ltd. (TCS) has set a new record.
This is the largest deal ever won by an Indian information technology company.
TCS’s partnership with Nielsen has been renewed as a result of this agreement.
TCS was given a 1.2 billion, 10-year contract by the television measuring business in 2015, which was later boosted to 2.5 billion and extended until 2020.
The outsourcing deal with Nielsen has been extended until 2025.
TCS will receive 320 million dollars in annual revenue from Nielsen from 2017 to 2020, 186 million dollars from 2021 to 2024, and 139.5 million dollars in 2025 as part of the 2.25 billion dollar arrangement.
“The term of the Agreement has been extended for a further five years, to expire on December 31, 2025, with three one-year renewal options granted to Nielsen,” according to Nielsen’s statement.
TCS will deliver professional services to Nielsen in the areas of information technology (including application development and maintenance), business process outsourcing, client service knowledge process outsourcing, management sciences, analytics, and financial planning on a global basis.