Cisco Systems and Tata Consultancy Services (TCS) on Tuesday said that they have formed a strategic alliance to develop and deliver information technology service solutions to help customers build next-generation data centres by taking advantage of the network as a platform. They also announced the formation of a Cisco Technology Lab at the TCS campus in Chennai. TCS will also build a new technology practice focused on Cisco’s industry-leading data centre networking and security solutions.
“Despite the current global meltdown India is one country which is not affected by it and it is showing a growth opportunity. We see huge opportunities in India and hence after the US,which is our major focus of investment,our next preferred location is India as well as China,” said John Chambers,chairman & CEO,Cisco Systems,Inc.
Commenting on the revenues coming from the alliance,N Chandrasekaran,COO & executive director,TCS,said,”TCS and Cisco till now has been doing around $100 million business together on some specific areas. With the current strategic alliance,we will be looking at multiple dimensions and therefore the magnitude of work will be in multiples of the current business.”
“We will bring a holistic approach to business focusing on key verticals of banking and financial services,telecom,and government a well as small and medium-sized business,in India as well as mutual enterprise customers in the US and the UK,” he said. TCS shares were up 1.63% on the BSE on Tuesday.
Cisco says India will be its second destination in terms of preference.