New York/Mumbai: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organisation, announced that it has been recognised as a “Leader” and “Star Performer” in Life Sciences Outsourcing by leading consulting and research firm, Everest Group, in its report, “IT Outsourcing in European Life Sciences Industry Service Provider Landscape with PEAK Matrix™ Assessment 2015.”
Everest Group recognised TCS for the company’s deal success globally, its further consolidation of operations in emerging geographies, strong growth on a large base, and its ability to sustain an extensive delivery network across North America, Europe, APAC, MEA and Latin America while continuously investing in proprietary solutions and research.
Everest Group evaluated 15 ITO service providers specific to the global life sciences sector and mapped them on its ‘Performance | Experience | Ability | Knowledge (PEAK) Matrix,’ a composite index of several distinct metrics related to a provider’s capabilities and market success. In addition to the classifications of Leaders, Major Contenders, and Aspirants, the PEAK Matrix also designates eligible service providers with Star Performers status, based on the service providers’ relative year-on-year movement on the Everest Group PEAK Matrix. Everest Group also profiled the capabilities of these leading service providers in detail, including a comprehensive picture of their service scope, scale of operations, domain investments, delivery footprints, and market success.
“Europe presents a unique opportunity in Life Sciences given the significant catchment area as well as differential challenges and requirements for various regional clusters, unlike North America which is a largely monolithic buyer geography. TCS has managed to continually extend its broader capabilities in the European market, with a strong focus on adopting a value-chain view to technology solutions,” said Jimit Arora, Vice President – IT Services, Everest Group.
Debashis Ghosh, President – Life Sciences, Manufacturing and Energy, TCS commented, “The Life Sciences industry is currently experiencing significant change, as businesses and organisations look to adapt to the transformative effect of digital technologies such as Big Data, Cloud, Social, Mobile Computing and Artificial Intelligence. At TCS, we pride ourselves on being at the forefront of these changes across geographies and we are delighed to be recognised as Leader and Star Performer in Life Sciences ITO in the European market by Everest Group. We look forward to building on this success by continuing to invest in the digital innovation and skills that our clients need to thrive in the long-term.”
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