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CMC in talks with 7 African insurance companies for IT services deal: Report

17 Jun 2014 Evaluate

CMC, a subsidiary of Tata Consultancy Services (TCS), is reportedly in talks with seven African insurance companies and six global port companies for IT services deal. The ticket size of each global port deal seen at about $1 million, while that for each African insurance company is seen at $1.5 million.

CMC is leading system engineering and Integration Company in India and is a subsidiary of Tata Consultancy Services, Asia’s largest software company. Operating out of 18 offices and 180 services locations in the country, CMC employs over 10,000 people and has a wholly owned subsidiary in USA called CMC Americas, Inc.

Peers
Company Name CMP
Ivalue Infosolutions 225.95
Control Print 590.95
TVS Electronics 384.50
Schneider Electric 1996.55
NELCO 975.55
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