Tata Consultancy Services and Instantis Announce Partnership
FOR IMMEDIATE RELEASE
Tata Consultancy Services (TCS) to collaborate with Instantis to bring Instantis EnterpriseTrack to worldwide markets in conjunction with TCS Services
Sunnyvale, CA / New York, NY – May 10, 2005 – Instantis and Tata Consultancy Services announced today an agreement to cooperate closely and bring to market comprehensive Six Sigma solutions for Global 2000 enterprises worldwide. The focus of the agreement is to offer an expanded portfolio of Six Sigma solutions that enable customers to more immediately and widely achieve new levels of results from their Six Sigma and overall business improvement initiatives.
The agreement leverages the combined strengths of TCS as one of the world’s largest technology consultancies and development organizations with the successes of Instantis as the leading enterprise software company focused on supporting multiple strategic business improvement initiatives including Six Sigma. TCS and Instantis will work together in addressing the customer needs through high quality Six Sigma consulting services from TCS and a high-end digital enabler through Instantis’ EnterpriseTrack. Through this cooperation, customers will be able to more fully support multiple business performance initiatives and more deeply integrate strategic objectives within day-to-day operations.
“Process supported by digital enablers is fundamental for enterprise success. Instantis EnterpriseTrack is a recognized leader in enterprise solutions for Six Sigma and this will be a key value-add for our services to our global customers” said Venguswamy Ramaswamy, Global Head, Process Consulting of Tata Consultancy Services. “Instantis EnterpriseTrack provides us with a proven and valuable solution to address the increasing demand for enterprise-wide Six Sigma initiatives and the management of entire portfolios of business projects.”
“As Six Sigma deployments continue to expand their impact in the enterprise, the demand for strategic, multi-initiative enterprise Six Sigma solutions continues to increase,” said Prasad Raje, CEO of Instantis. “Our relationship with TCS will not only allow our solutions to support a wider community of customers, but will also allow these customers to benefit from the breadth and depth of TCS experience. TCS is a world class-organization, and their selection of Instantis is further evidence of our growing momentum and leadership in this market.”
“Our goal is to identify the right technology partners that can help us provide more effective solutions for our customers and their businesses,” said Ajoy Mallik, Corporate Development for Tata Consultancy Services who is responsible for building this partnership. “The combined strengths of TCS and Instantis will enable new solutions for complex initiatives across a diversified set of global customers.”
About Tata Consultancy Services
Tata Consultancy Services (TCS) is the world-leading information technology consulting, services, and business process outsourcing organization that envisioned and pioneered the adoption of the flexible global business practices that today enable companies to operate more efficiently and produce more value.
TCS achieved this by creating and perfecting a unique method of global deployment and delivery of high quality, high value services and products in IT consulting and business process outsourcing. Known as the “Global Delivery Model,” this strategic services delivery concept has reshaped the IT services industry.
More than 75% of TCS customers reward the company’s reliability, passion, creativity, and unique ability to handle the broadest range of their IT needs by continually extending and deepening their partnerships with TCS. With more than 43,000 of the world’s best trained IT consultants located in 32 countries, TCS is uniquely positioned to deliver its flexible world class services seamlessly to any location.
TCS reported consolidated revenues of $2.24 billion (U.S.) in the fiscal year 2004-2005. The company is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information: www.tcs.com.
About Instantis
Instantis is a leading provider of Enterprise Performance Improvement software for Global 2000 companies like Lockheed Martin, McKesson and Xerox that have deployed Six Sigma and other structured, project portfolio based business improvement methodologies. Instantis software automates the end-to-end execution, management and reporting of these methodologies. With a unique capability to provide a bridge between strategic priorities and execution, Instantis solutions allow industry leaders to deliver improved financial results and better alignment of goals and activities throughout the organization. Learn more at www.instantis.com.
# # #
