TCS-Xerox Deal Worth $355 Mn
- reported on businessworld
Xerox's seven-year deal with Tata Consulting Services (TCS) is valued at USD 355 million, focusing on enhancing technology services and business processes.
Xerox is investing a total of USD 525 million in new technology initiatives, partnering with TCS, Microsoft, and SAP.
TCS deal includes migrating legacy data centers to the cloud, implementing a cloud-based ERP platform with SAP, and integrating generative AI for sustainable growth.
Alongside TCS, Xerox has entered seven-year agreements with SAP (USD 45 million) for a digital ERP platform and Microsoft (USD 25 million) for Azure cloud services.