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TCS Secures Lucrative Contract with Denmark’s Ramboll

Tata Consultancy Services Ltd. (TCS) has recently secured a significant contract for a seven-year period from Ramboll, a company based in Denmark known for its expertise in architecture, engineering, and consulting. This “multi-million dollar” agreement will see TCS overhauling and enhancing Ramboll’s IT infrastructure, covering an array of services including cloud and data center management, application development and maintenance, cybersecurity, and digital workplace services. The financial specifics of the deal were not disclosed.

Ramboll anticipates that this partnership will lay a digital groundwork essential for its future business expansion, contribute to reducing its environmental impact, and improve its operational scalability. By optimizing Ramboll’s IT operations and architecture, TCS aims to cut costs and achieve scale efficiencies. Over 300 Ramboll IT staff across 12 countries will be joining the TCS team as part of this initiative.

V Rajanna, the president of technology, software, and services at TCS, emphasized that this collaboration would provide Ramboll with an IT platform capable of supporting scalable and agile business operations. He highlighted TCS’s intent to harness data, cloud technology, and analytics to spearhead a smart business overhaul and promote growth across Ramboll’s enterprise. TCS has been active in Denmark for more than three decades, establishing a long-standing presence.

This agreement is part of a series of notable contracts TCS has clinched in Europe over the past couple of months, especially in cloud services, including deals with Nuuday in Denmark and the Co-operative Group Ltd in the UK. Other significant engagements include helping Euroclear Finland integrate with Europe’s securities settlement engine and securing a multi-year contract with Europ Assistance for comprehensive enterprise IT application services. Furthermore, TCS expanded its longstanding relationship with Aviva Plc. through a new 15-year contract, underscoring its role in servicing the UK’s largest insurance customer base.

Following the announcement of this deal, TCS’s stock saw a slight uptick of 0.09% on the Bombay Stock Exchange (BSE), outperforming the benchmark Sensex’s 0.75% rise. This news was shared during trading hours, highlighting TCS’s ongoing growth and expansion in the global IT and cloud services market.