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.
crackcrackCompany Name | CMP |
---|---|
TCS | 3851.00 |
Infosys | 1437.00 |
HCL Tech. | 1503.00 |
Wipro | 461.50 |
Tech Mahindra | 1191.00 |
View more.. |