By receiving a 2.25 billion dollar outsourcing contract from Nielsen, Tata Consultancy Services Ltd. (TCS) has broken a previous record. A business that measures television is called Nielsen. Its global headquarters are located in New York City.
The Nielsen contract, which originally had a 10-year contract term back in 2015, but was then increased to 2.5 billion and extended until 2020, is a renewal with the TCS business. The company’s partnership with Nielsen is being renewed as a result of the TCS deal.
The outsourcing agreement with Nielsen has now been extended through 2025 with three one-year renewal options. TCS will offer Nielsen professional services worldwide in the areas of management sciences, analytics, business process outsourcing, client service knowledge process outsourcing, financial planning, and information technology (including application development and maintenance).
The $2.25 billion agreement guarantees TCS revenue from Nielsen of $320 million annually from 2017 to 2020, $186 million annually from 2021 to 2024, and $139.5 million annually in 2025.
Rajesh Gopinathan, who took over as TCS’s CEO in February 2017 after N. Chandrasekaran was named chairman of Tata Sons Ltd., the group’s holding firm, will benefit from the Nielsen 2.25 billion contract with TCS.
Accenture’s Vatican Deal
The Vatican recently hired Accenture as a consulting firm to help streamline and synchronize its digital communications. In an effort to streamline and synchronize its digital communications, the Vatican’s communication department has requested the multinational consulting firm Accenture to launch a channel named “Vatican News.”
The Vatican anticipates that the channel will improve its ability to interact with the faithful. They are hoping Accenture will support the Church in developing a distinct digital communications strategy, all contained within a single unified platform.
The website for “Vatican News” is already online in beta form. The website offers users the ability to scroll through Pope Francis’ Instagram account in addition to providing news on the Church, the Pope, and the Vatican in six different languages.