TCS consolidates Uruguay and Argentina into near-shore services unit
Montevideo, Uruguay & Buenos Aires, Argentina, September 27, 2007

Plans to double operations in 2-3 years

• Appoints new country manager for this unit, which will expand to 1200 employees within a year
• Centre will provide IT, BPO, helpdesk and testing services to clients in the Americas and Europe
• Recognised as the best IT export company in Uruguay; wins National Export Service Award

Tata Consultancy Services (TCS) has announced that it has consolidated its operations in Uruguay and Argentina into a single unit focused on providing near-shore services to other Latin America countries as well as the United States and Europe.

Mario Tucci, vice president of business development, who was previously heading TCS's Andean country operations, was appointed as the country manager of this new unit that employs over 850 professionals and comprises a global delivery centre and a regional training centre in Montevideo (Uruguay), as well as an extension centre in Buenos Aires (Argentina). TCS has plans for a major expansion of this unit in the future.

"This region has very highly trained human resources, English language skills and an attractive cost structure, which makes it a natural base for exporting services to other countries. Leveraging these conditions, we intend to grow to 1200 employees this year and double our employee and client base over the next 2-3 years," said Mario Tucci, the country manager designate for Uruguay and Argentina.

The company has also announced that it will be expanding its infrastructure by setting up a new world-class building for over 400 professionals to be inaugurated in Montevideo in November.

In the financial year April '06-March '07, the global delivery centre operating in Montevideo exported services worth over US$30 million to clients across the world including Colombia, Spain, Mexico, Chile, the United States and parts of Europe, making it the primary IT services exporter in Uruguay. The Chamber of Commerce and Services of Uruguay (CNCS) recognised TCS with the first National Export Services award in the section of information technology. The award was granted by the Services Exporters Committee in association with the International Trade Center of UNCTAD and the WTO and in the presence of the vice-president of the Uruguayan Republic, Rodolfo Nin Novoa and the minister of economy, Danilo Astori.

The regional training centre, which the firm had set up in Montevideo in January 2007, is now operating at full capacity to train human resources, most coming from non technology backgrounds, towards building a constant stream of recruits for the firm.

"We have already trained over 200 professionals and expect to train over 3,000 professionals at the centre in Montevideo in the next four years, initiating them into TCS's successful high-quality and process methodologies. This will be the fuel for our growth both in local Latin American markets and as a major nearshore provider to clients in the United States. This consolidation in Uruguay is another major step in TCS's strategy to build a strong global network delivery model," said Gabriel Rozman, president of TCS Iberoamerica.

The company recently announced other moves towards expanding its global network delivery model in Iberoamerica including a 100 per cent buyout of the joint venture it operated in Brazil with local partner TBA and the opening of a new global delivery centre in Mexico.

About TCS Iberoamerica
TCS Iberoamerica (TCSI) is the business arm of Tata Consultancy Services that operates across the Spanish and Portuguese speaking region of the world. Over 5.000 local consultants provide high quality IT services, business solutions and outsourcing to over 150 regional and global clients across 14 countries in Mexico, Central America, South America, Spain and Portugal. TCSI operates Global Delivery centers (GDC) in Brazil, Mexico & Uruguay at CMMI Level 5, the highest quality standard for the industry, and maintains a Global BPO Services center in Chile.