NXP Semiconductors Signs Five-Year Consulting and IT Services Agreement with TCS
EINDHOVEN, The Netherlands, 27 May 2008 - NXP Semiconductors B.V. awarded Tata Consultancy Services (TCS) a five-year contract to provide consulting services across NXP's global supply chain operations. The $100 contract calls for TCS to provide management and IT consulting, application management, development, and support services.
Louis Luijten, SVP and CIO of NXP said, "The engagement with TCS reflects NXP's commitment to optimizing our processes and driving business value from all aspects of our operations. We were looking for a partner who has a holistic understanding of our core business, and not just the technology behind it; and in this respect, TCS is ideally placed to help us drive growth over the next five years."
According to TCS, it will consolidate NXP's applications to deliver operational cost savings and enable NXP to focus on its core business activities. TCS' says its research and development teams will "develop innovative and specialist applications to deliver competitive advantage to NXP across all stages of the product cycle."
TCS will service NXP through centers in India, Asia, and the U.S., supported by TCS' High Tech Centre of Excellence in Eindhoven. NXP's technology infrastructure will be supported by TCS globally, including ERP and CRM applications, as well as its portal-based systems.
"The engagement with NXP is a perfect demonstration of our business credentials in a specialist sector and enables TCS to develop a deep relationship with NXP, a company founded by Phillips," said N. Chandrasekaran, COO and Executive Director, TCS. "As well as technical support, TCS will be working with NXP at a strategic level to optimize their operations and remain one step ahead of the competition."
Girish Ramachandran, Director, TCS Europe added, "This engagement shows clearly that TCS is able to offer end to end services from consulting, management, development, innovation and be a trusted partner to NXP.
NXP, founded by Philips more than 50 years ago, has 37,000 employees working in 20+ countries. It had 2007 sales of $6.3 billion. The company develops semiconductors, system components, and software for mobile phones, personal media players, TVs, set-top boxes, ID applications, cars, and a number of other electronic devices applications.
Tata Consultancy Services has over 111,000 management and IT consultants working from offices in 50 countries. The company generated revenues of $5.7 billion for its fiscal year ended 31 March 2008.