March 20, 2018

TCS recognised as a 'Leader' in Software Product Engineering Services by Everest Group

Report cites Tata Consultancy Services development of IP assets and ability to grow client relationships to partnership levels as key strengths

SANTA CLARA | MUMBAI: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organisation, has been recognised as a ‘Leader’ in Everest Group’s ‘Software Product Engineering Services – Market Trends and Service PEAK Matrix™ Assessment 20171'.

The report recognised TCS for its strong Software Product Engineering (SPE) domain expertise and ability to cross leverage best practices across industries, which is greatly valued by clients. It also highlights TCS’ investments as credible and structured in developing IP assets across SPE, data processing, networking, and cyber security.

V Rajanna, vice president & global head, Technology Business Unit, TCS, said, “In a Business 4.0 world, our technology customers are innovating to rapidly deliver new differentiated products that leverage the full power of emerging technologies, and in turn, shape the nature of technology progression. We have been investing in next-gen technologies such as 5G, NFV, SDN, machine learning, cognitive computing, hyper-converged systems, and augmented reality. These customer centric investments and our commitment to excellence have made us the preferred partner for leading technology providers globally.

TCS offers SPE services across the idea to offering value chain, including product ideation and design, product development, product testing and certification, product deployment, and product sustenance. These are delivered using industry leading methodology developed by location-independent agile framework, and are enhanced by an SPE ecosystem approach consisting of TCS’ research and innovation labs, SPE Center of Excellence (CoE), solution labs with customers and partners, and Co-innovation Network (COIN™) with academia and start-ups.

The SPE services are supported by TCS Mastercraft™ suite of products and TCS Assurance 360 Degree (AI based solution) enabling faster software product releases in an agile mode.

Chirajeet Sengupta, partner, Everest Group, said, “As a result of rapid digitalisation, software products need to be engineered at speed but also with new features and functionality built in. We have assessed TCS as a Leader in our PEAK Matrix™ for Software Product Engineering on account of its vision and on-going investments in home-grown IP as well as in a broader partner ecosystem.”

Nagaraj Ijari, vice president & global head, HiTech Business Unit, TCS, said, “Our investments in building up talent in the areas of digital, agile, design thinking, and product engineering have led to a strong capability in SPE services. Our ability to leverage our domain expertise, contextual knowledge and strengths in next-gen technologies, positions TCS to partner with our customers in their software product development, digital platform engineering and next-gen themes. Our leadership position in this report is a validation of our standing as a trusted partner to our customers and the resultant market success we’ve had in the area of SPE services.”

1 Everest Group Research’s Software Product Engineering Services – Market Trends and Services PEAK Matrix™ Assessment: Adapting to New Normal by H Karthik, Chirajeet Sengupta, Ronak Doshi, Abhishek Gupta and Mayank Maria, published in Dec 2017.