TCS gets $100 mn deal from UK’s 4U Group

Tata Consultancy Services Ltd (TCS), India’s largest IT vendor has won $ 100 million or Rs 489 crore multi-year managed IT services deal from British telecom and financial services firm 4U Group Ltd. TCS employees in the UK will support and manage software applications, the IT infrastructure and data centres for the British retailer. 
 
TCS employs around 4800 people in 65 locations in the UK. This contract demonstrates that while there is undoubtedly unrest in global markets, there is still interest and investment going into outsourcing contracts.