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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.

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