TCS wins $200mn deal in Mexico

Tata Consultancy Services (TCS) today announced that it had won a four- year contract of over $200 million from Social Security Institute of Mexico (IMSS).

According to a release issued by TCS today, with over 3,70,000 employees and providing coverage to over 50 million Mexican citizens, IMSS is the largest organisation of its kind in Latin America. "TCS won the contract following a public bid process based on technology and financial parameters over three other leading global and local technology companies," the release added.

In its role as the strategic IT services partner for IMSS, TCS will provide end-to-end IT services including application maintenance and support, custom software development, business analysis services, management of strategic IT programs and value added initiatives for the organisation's affiliates.

"This agreement with IMSS is the largest deal for us to date in Latin America - coming after similar large engagements we have won in recent years with ABN Amro bank in Brazil, Registro Civil in Chile and Banco Pichincha in Ecuador. It consolidates our position as the IT partner of choice for major Latin American organisations, and also marks our emergence as a key player in the Mexican technology sector," said Gabriel T. Rozman, president of TCS Iberoamerica.