The acquisition of Unisys Corporation’s insurance business, Unisys Insurance Services Ltd (UISL), by Tata Consultancy Services’
Diligenta was formed in 2006 after TCS won a 12-year contract worth over $850 million from UK-based insurance firm Pearl Group (now Phoenix Group) and included transfer of over 1,000 staff and management of over 4 million policies from the Pearl group, making it the second-largest life and pension outsourcing company in the UK after Capita.
As part of the UISL acquisition, TCS gets an incremental business of £250 million. UISL, too, serves Phoenix Group besides a South African firm Old Mutual. With this buy, Diligenta administers five million life and pensions policies.
crackcrack| Company Name | CMP |
|---|---|
| TCS | 2488.75 |
| Infosys | 1276.80 |
| HCL Tech. | 1424.85 |
| Wipro | 202.35 |
| Tech Mahindra | 1435.30 |
| View more.. | |
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