INDIA BUSINESS WORLD - March 1st - March 15th - 2008
IT SERVICES MAJOR IN MULTI-MN EURO TIE WITH NOKIA-SIEMENS
Networking major Nokia Siemens Networks (NSN) has signed a multi-million euro agreement with Tata Consultancy Services (TCS) to transfer its product engineering and R&D services as well as parts of the Operations and Business Software (OBS) business unit activities to India's largest software exporter.
The reassigned parts belong to the NSN development centre in Düsseldorf, Germany, including 90 employees who will be transferred to TCS as part of the agreement.
Under the agreement, TCS will provide global R&D services to Nokia Siemens Networks by leveraging its expertise in the telecom sector. The transfer of R&D capabilities to TCS is part of Nokia Siemens Networks' overall strategy to realise synergy savings, the networking company said in a statement.
"For many years, Tata Consultancy Services has been a valuable partner to Nokia and Siemens, our parent companies. TCS brings to the table an indepth experience in outsourcing projects and a proven track record of successfully transferring and integrating customers' R&D personnel. This deal provides the employees in Düsseldorf with an excellent opportunity to work with international teams in a global company," said Juhani Hintikka, head of the Operations and Business Software Business Unit at Nokia Siemens Networks.
"The agreement with Nokia Siemens Networks reiterates TCS' capability to enhance customers' business by leveraging our superior R&D services and strong domain. As the R&D partner for Nokia Siemens Networks, TCS will share its innovative approaches, global best practices and benchmark standards to ensure excellence.
The new regional delivery centre for telecom customers in Düsseldorf—where the transferred employees will work—is strategic to us, as Germany is a key European market," TCS chief operating officer and executive director N Chandrasekaran said.
The integration of Nokia Siemens Networks employees would establish TCS' local presence and strengthen its position as a global player, said PricewaterhouseCoopers partner Graham Pascoe. "This is especially important in Germany where brand recognition is key," he added.
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