TCS join hands with Mitsubishi's IT Frontier; creates new IT Services Company
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Tata Consultancy Services(BSE: 532540, NSE: TCS) has made an official announcement that it has signed definitive agreements with Mitsubishi Corporation (MC) , one of Japan’s largest integrated business enterprises to merge TCS Japan, ITF and NTSC. TCS will hold 51% in the merged entity, MC to hold 49%. N. Chandrasekaran, CEO & Managing Director, TCS , said, “This strategic transaction signifies our serious commitment to the Japan market. TCS will now have the scale, strong local presence and our full range of global capabilities to serve the Japanese corporations effectively and accelerate our growth in the Japan market. We deeply value the partnership with Mitsubishi Corporation and look forward to leveraging our mutual strengths in the Japan market.” The transaction will create a new IT services company of significant scale in the Japanese market . ITF brings its long-standing relationships with Jap...