TCS completes acquisition of French IT Services Firm ALTI

24th July 2013 | By Mouseworld Now Correspondent |

TCS1New Delhi, India, July 24, 2013: Tata Consultancy Services, a leading IT services, consulting and business solutions firm completed the acquisition of ALTI SA during an official ceremony under the patronage of Arnaud Montebourg, Minister for Economic Regeneration for the French Republic. The CEO and Managing Director for TCS, N. Chandrasekaran, and ALTI’s founders signed the final agreement to commence the integration of ALTI into TCS’ operations in France. The acquisition had been initially announced in April 2013.

A privately-held company with revenues of € 126 million in 2012, Alti SA is regarded as one of the top 5 system integrators of SAP solutions in France. It includes several top French corporations in the banking, financial services, luxury, manufacturing and utilities sectors as its key customers.

N. Chandrasekaran, CEO and Managing Director, TCS, said, “Today is a historic day for our company in France, which will see us emerge as a much stronger player in the local market and which sets the platform for our future growth in the region. There are tremendous synergies between TCS’ global capabilities and Alti’s local talent base and knowledge, which will enable us to better service our clients in France and help make their businesses more competitive. As a long term strategic market for TCS, with leading edge infrastructure and a highly skilled engineering talent pool, France was a natural destination for us to invest in towards our future growth.”

 

© Mouseworld Now News Service

 

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