TCS bags US$ 1.5 billion contract from US drug firm Walgreens Boots Alliance

IT major Tata Consultancy Services has bagged a contract worth Rs 10,650 crore (US$ 1.5 billion) from pharma company Walgreens Boots Alliance, spread over a period of 10 years.

As per the contract between the two companies, TCS will be responsible in providing managed services including application maintenance and support, required infrastructure and security operations.

According to TCS's BSE filing, "Tata Consultancy Services has expanded its long-standing partnership with Walgreens Boots Alliance, a global leader in retail and wholesale pharmacy, to transform the latter's IT operating model. The contract is valued at over US$ 1.5 billion over a ten-year period".

The expansion of WBA and TCS strategic partnership is based on WBA's review of its IT operating model and vendor landscape.

Under the agreement, the WBA global IT team will focus on leading and supporting strategic technology projects that create customer value through the development of new digital products and services on its business platforms.

"The TCS strategic partnership will enhance our ability to rapidly address evolving business needs, support large-scale global technology solutions and promote investment in truly differentiating capabilities through a modernized platform," said WBA Senior Vice President and Global Chief Information Officer Mr Francesco Tinto.

The statement also added that the TCS approach will make use of artificial intelligence, machine learning and advanced software engineering to boost operational strength and enhance productivity.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.