Tata Consultancy Services (TCS), which became the first IT (information technology) company to breach the $100-billion market capitalisation on April 23, expanded its operations in Texas by recruiting over 200 former employees of the U.S. insurer Transamerica in Plano as part of its $2,5 billion contract.
TCS will enhance Transamerica ’s digital capabilities, simplify the service of more than 10 million policies into an integrated modern platform, and drive growth opportunities through customer service, according to a company statement.
Transamerica Corporation is an American holding company for various life insurance and investment firms.
Texas is a key U.S. business hub for TCS, with more than 3,500 employees currently working across the state. In addition, the new Plano office will mark the company’s third location in Texas, with existing TCS offices in Dallas and Houston.
“TCS has consistently been a leading industry employer in the U.S., focused on attracting the best talent,” said Suresh Muthuswami, President and Global Head, Banking, Financial Services and Insurance Platforms, TCS.
“We have been helping American businesses grow and transform for more than 40 years and our relationship with Transamerica will enhance their customer experience in a digitally enabled way,” he added.
TCS has invested nearly $3 billion in the U.S. over the past three years, and has been among the top two IT services job creators in the U.S, according to the statement.
