A Oneindia Venture
News Personal finance Gold rates Silver rates Mutual funds IPO MSME
Gold Rates
Silver Rates
Platinum Rates
Fuel Price
Holidays
Banking
Lottery
Calculators
Savings Scheme
Get Updates
Get notified about market trends, financial advice, and investment tips!
English हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు
Sensex 77,562.90 +3.95% ↑ Nifty 23,997.35 +3.78% ↑ 22k Gold ₹ 14,100/gm Silver ₹ 2,60,000/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 92.40 USD ₹ 92.22
Sensex 77,562.90 +3.95% ↑ Nifty 23,997.35 +3.78% ↑ 22k Gold ₹ 14,100/gm Silver ₹ 2,60,000/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 92.40 USD ₹ 92.22
Home News Business
TCS to acquire ALTI for euro75 million
By
Add as a preferred source on Google

tcs
Tata Consultancy Services: Quotes, News
BSE 2559.80BSE Quote19.95 (-0.78%)
NSE 2559.20NSE Quote19.4 (-0.76%)
Tata Consultancy Services (TCS) India's largest IT company today said that that it has signed definitive agreements for the acquisition of 100% equity shares in Alti SA, an IT services company in France,for a value of €75 million in an all-cash transaction. The acquisition will strengthen TCS' ability and footprint to service its customers in France and other regions in Europe.

Alti SA is a leading French technology services firm with strong expertise in IT Services including Enterprise Solutions, Assurance and CRM solutions. It is a privately-held company owned by its management and two private equity funds, CM-CICLBOPartners and IDI, which supported its growth from a revenue base of € 64m in 2007 to € 126 m in 2012. Regarded as one of the top 5 system integrators of Enterprise Solutions in France, it's key customers comprise several top French corporations in the banking, financial services, luxury, manufacturing and utilities sectors. The company has 1,200 employees based in France, Belgium and Switzerland.

N. Chandrasekaran, CEO and Managing Director, TC5, said, "This acquisition underlines our long-term, strategic commitment to France,which is the third largest IT services market in Europe. The acquisition of Alti SA will help us serve our clients in France and across Europe more comprehensively with an expanded set of services and solutions, bringing the best of TC5 to French corporations. I am confident that this acquisition will help us accelerate our growth and presence in France."

The TCS stock was trading higher by 1 per cent.

GoodReturns.in

Share This Article
Story first published: Tuesday, April 9, 2013, 10:53 [IST]
See More On: tcs
Other articles published on Apr 9, 2013

More From GoodReturns

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+
Sign Out