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FRANCE
Deal Maker of the Year Awards 2013
the French IT Services firm Alti.
France to welcome and integrate companies from abroad that have installed themselves on our soil”.
Q Why did TCS acquire Alti?
This acquisition gives TCS access to an extensive client base, most of them CAC40 clients, in industry sectors like financial services, pharma and retail where TCS has strong solutions and capabilities. Alti’s track record in financial services as well as its strength in application services, SAP and consulting matches TCS’ global capabilities. The addition of 1200 employees of Alti with strong analytical and technical skills as well as cultural and local expertise is a considerable boost to TCS’ presence and standing in the region.
The deal is a great opportunity for TCS to accelerate its growth in France.
“Right after we announced
the acquisition of Alti, TCS’ shares gained by 1.3% and our market capitalization went up by €530 million indicating that the investors “priced in all the positives” and that the market viewed the deal as positive.”
Q
Given the current turmoil in Europe, why is TCS investing in the
French market?
Seeing tremendous potential for growth in the country, TCS has been steadily stepping up its investment in France.
The two
companies have strong synergies and similar values. TCS has been recognized as a Top Employer in Europe by the CRF Institute, who also ranked Alti as a Top Employer in France. Similar business approach and complimentary capabilities will be the cornerstone of future success and integration.
TCS’ strategic investments like the acquisition of Alti and the opening of a services center in Lille will be instrumental in leveraging the engineering talent in the country for the benefit of its customers in France and other markets globally.
Q
What are your thoughts and predictions for 2014 and beyond?
During the official ceremony, TCS unveiled plans to further activate the capabilities and the talent pool it has acquired by setting up a new TCS SAP Innovation Center.
This strategy stems
from France being the third biggest IT services market in the world after the UK and Germany, with an economy that is considered “innovation- driven” as per the World Economic Forum’s Global Competitiveness Report 2012-13. Besides, the country is ranked 4th worldwide in terms of infrastructure and has one of the largest technology labor pools in Europe with 12.7 million Human Resources in Science and Technology according to Eurostat 2012 data.
seek to develop cutting edge enterprise solutions for multiple industries, in co-innovation with TCS’ customers. It will be located in the Île-de- France region and is expected to be operational by the first quarter of 2014.
The coupling of Alti’s local knowledge with TCS’ global reach and capabilities make them a “perfect-fit” with complimentary attributes. Both the companies are customer-centric and customers have everything to gain from this arrangement. This deal will certainly bring added value to clients, who can now benefit from real results and ‘Experience certainty’ in achieving their goals.
The center will