Tags: Argentina, Tata Consultancy Services, tcs, Uruguay

Tata Consultancy Services Consolidates Uruguay and Argentina into Nearshore Services Unit

Plans to double operations in 2-3 years

§ Appoints new country manager for this unit, which will expand to 1200 employees within the year

§ Center will provide IT, BPO, Helpdesk & Testing services to clients in the Americas & Europe

§ Recognized as the best IT export company in Uruguay, wins National Export Service Award

Montevideo, Uruguay & Buenos Aires, Argentina / New Delhi, India– 28th September, 2007 - Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, business solutions and outsourcing firm, announced that it has consolidated its operations in Uruguay and Argentina into a single unit focused on providing nearshore services to other Latin America countries as well as the United States and Europe.

Mario Tucci, Vice President of Business Development who was previously heading TCS’ Andean country operations, was appointed as the country manager of this new unit which employs over 850 professionals and comprises a Global Delivery Center and regional training center in Montevideo (Uruguay), as well as an extension center in Buenos Aires (Argentina). TCS has plans for a major expansion of this unit in the future.

“This region has very highly trained human resources, English language skills and an attractive cost structure, which makes it a natural base for exporting services to other countries. Leveraging these conditions, we intend to grow to 1200 employees this year and double our employee and client base over the next 2-3 years,” said Mario Tucci, the country manager designate for Uruguay and Argentina.

The company has also announced that it will be expanding its infrastructure by setting up a new world class building for over 400 professionals to be inaugurated in Montevideo in November.

In the financial year April ‘06 - March ‘07, The Global Delivery Center operating in Montevideo exported services worth over US$30 million to clients across the world including Colombia, Spain, Mexico, Chile, the United States and parts of Europe, making it the primary IT services exporter in Uruguay. The Chamber of Commerce and Services of Uruguay (CNCS) recognized TCS with the first National Export Services award in the section of information technology. The award was granted by the Services Exporters Committee in association with the International Trade Center of UNCTAD and the WTO and in the presence of the Vice-President of the Uruguayan Republic, Rodolfo Nin Novoa and the Minister of Economy, Danilo Astori.

The regional training center, which the firm had set up in Montevideo in January 2007, is now operating at full capacity to train human resources, most coming from non technology backgrounds, towards building a constant stream of recruits for the firm.

“We have already trained over 200 professionals and expect to train over 3000 professionals at the center in Montevideo in the next 4 years, initiating them into TCS’ successful high quality and process methodologies. This will be the fuel for our growth both in local Latin American markets and as a major nearshore provider to clients in the United States. This consolidation in Uruguay is another major step in TCS’ strategy to build a strong Global Network Delivery Model™,” said Gabriel Rozman, President of TCS Iberoamerica.

The company recently announced other moves towards expanding its Global Network Delivery Model in Iberoamerica including a 100% buyout of the joint venture it operated in Brazil with local partner TBA and the opening of a new global delivery center in Mexico.

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development.

A part of the Tata Group, India’s largest industrial conglomerate, TCS has over 94,000 of the world’s best trained IT consultants in 47 countries. The company generated consolidated revenues of US $4.3 billion for fiscal year ended 31 March, 2007 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.

About TCS Iberoamerica

TCS Iberoamerica (TCSI) is the business arm of Tata Consultancy Services that operates across the Spanish and Portuguese speaking region of the world. Over 5.000 local consultants provide high quality IT services, business solutions and outsourcing to over 150 regional and global clients across 14 countries in Mexico, Central America, South America, Spain and Portugal. TCSI operates Global Delivery centers (GDC) in Brazil, Mexico & Uruguay at CMMI Level 5, the highest quality standard for the industry, and maintains a Global BPO Services center in Chile.

Media contacts:

Latin America, Spain and Portugal: daniela.bertoglia {at} tcs(.)cl – Phone: +562 - 2511618

Global and India: pradipta.bagchi {at} tcs(.)com - Phone: +91 22 6750 9999

North America: m.mccabe {at} tcs(.)com – Phone: +1 646-313-4594

Asia Pacific: vishwendra.v {at} tcs(.)com – Phone: +65 6372 4931
UK/Europe: ross.roy {at} tcs(.)com – Phone: +44 0207 245 1388