(TCS) has set a record by winning a 2.25 billion dollar outsourcing contract from television measurement company Nielsen. The contract is the largest ever bagged by an Indian information technology firm.
The TCS deal marks the renewal of the company's relationship with Nielsen. The television measurement company awarded TCS a 1.2 billion, 10 year contract back in 2015 which was later doubled to 2.5 billion and extended till 2020.
Nielsen's outsourcing contract has now been extended till 2025. The 2.25 billion dollar deal assures TSC of 320 million dollars in business from Nielsen yearly from 2017 to 2020, 186 million dollars yearly from 2021 to 2024 and 139.5 million dollars in 2025.
The renewal of the deal is considered to boost the profile of Rajesh Gopinathan who became chief executive officer of TCS in February, 2017 after N.Chandrasekaran was appointed chairman of Tata Sons Ltd - the holding company of the group.
Nielsen's statement reads as follows - "The term of the Agreement has been extended for an additional five years, so as to expire on December 31, 2025, with three one-year renewal options granted to Nielsen. TCS will globally provide Nielsen with professional services relating to information technology (including application development and maintenance), business process outsourcing, client service knowledge process outsourcing, management sciences, analytics, and financial planning".
Accenture's Vatican outing
The Vatican has just hired consulting firm Accenture to simplify and unify its digital communications. The Vatican's communication department has asked global consulting firm Accenture to set up a channel called 'Vatican News' in a bid to simplify and unify its digital communications.
The Vatican hopes the channel will help them communicate with the faithful in a more effective manner. They hope Accenture will help establish a clear digital communications strategy for the Church - all under one unified portal.
A beta version of the 'Vatican News' website has already gone live. The website not only contains news about the Church, Pope and Vatican in six different languages but also lets users scroll through Pope Francis's Instagram feed.