Genworth Names Tata Consultancy Services Limited (TCS) Strategic Supplier Of The Year

RICHMOND, Va., May 15, 2012 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced that Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) is the recipient of its 2011 Strategic Supplier Partnership Initiative (SSPI) award.  The award recognizes key suppliers that show commitment to embodying Genworth values and demonstrating innovation, continuous improvement and cost performance.

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TCS is a leading IT services, consulting, and business solutions organization and one of the top 10 technology firms in the world. TCS provides Genworth a broad range of application development and 24x7 technical support services across key administration platforms globally.  TCS also provides strategic thought leadership across many key business and technology initiatives by leveraging its deep Insurance domain expertise and its investments into new and innovative technologies. TCS is one of Genworth's largest services providers and recently celebrated 15 years of partnering together.

"TCS has earned an enterprise-wide reputation from Genworth for delivering technology services and solutions that drive business value and results. We applaud TCS for having consistently demonstrated thought leadership and agility in meeting Genworth's strategic priorities from consulting on retail care coordination applications to helping support our formulation of a Global Mortgage Insurance IT support strategy" says Lance Davis, Genworth Senior Vice President, Finance Shared Services.

"Receiving Genworth's Strategic Supplier award is an honor and tribute to the quality of work we do for them," said Suresh Muthuswami, President, Insurance and Healthcare Group at TCS.   "This award is a testament to the strength of our 15+ year relationship with Genworth across the globe, and to our commitment to delivering strategic and innovative services to help our Insurance clients operate their business with greater efficiency and agility."

"The partnership between TCS and Genworth has excelled because of the shared values and strength of purpose that our two companies have. The dedication and hard work of our teams, our innovative solutions and our global reach has enabled us to deliver on our promise of Experience Certainty," said Srikant Venkatesh, Client Partner, TCS-Genworth.  

The finalists for the SSPI award were SIRVA Relocation, IBM Corporation, and Marsh & McLennan Companies subsidiaries, Marsh and Mercer.

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