This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Everest Group Designates TCS As Leader And Market Star Performer In Insurance Application Outsourcing

MUMBAI, India, Dec. 6, 2012 /PRNewswire/ -- Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading consulting, business solutions and IT services organization, announced today that it has been rated as a Leader in Insurance IT Application Outsourcing (AO) by the Everest Group, an advisory and research firm on global services. Everest Group's PEAK Matrix, published in the October 2012 also recognized TCS as a "2012 Insurance AO Market Star Performer" - a distinction that is awarded to providers with the strongest year-on-year forward movement in market success and capability advancements.

Among the attributes that garnered TCS the honor are the company's sharp focus and investments into the Insurance vertical, the large and growing numbers of active global Insurance clients, and TCS' customized and innovative products and solutions for the insurance industry that support all the insurance line of businesses (LoBs) across all AO functions.  TCS improved on its already strong showing in the prior year report, receiving the highest rating among all service providers in the analysis of both delivery capability and market success (based on transaction activity).

"We are delighted to receive the Leader and Market Star Performer Rating from Everest Group, this reaffirms our position as the leader in providing domain led large transformational services to the global insurance industry," said Suresh Muthuswami, President, Insurance and Healthcare for TCS.  "Our commitment and investments on building relevant and current offerings for a rapidly evolving industry along with our domain led full services offerings enables us to be the partner of choice for our insurance clients".

"As Insurers across the globe look at leveraging technology and outsourcing to support their key business priorities and adopt a more result-oriented approach, TCS continued to build on its strengths through investments in domain capabilities. ," said Jimit Arora, Vice President, Everest Group. "Despite its large operating scale, TCS registered growth of approximately 30% in Insurance AO revenue and ACV and improved on its strong prior year position on this report to be designated Leader and Market Star Performer this year." 

In this report, Everest Group analyzed the capabilities of 20 leading AO service providers specific to the global insurance sector. These providers were mapped on Everest Group's  Performance | Experience | Ability | Knowledge (PEAK) Matrix into are divided into three categories: Leaders, Major Contenders and Emerging Players, PEAK is a composite index of a range of distinct metrics related to a provider's capability and market success. Access this report here .



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASDAQ 4,758.2520 +3.36 0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs