There are deals worth $300-400 million in the market at various stages of negotiations - Analysts :Tata Consultancy Services (TCS), the country’s largest IT services firm, is exploring new avenues in the life sciences and healthcare space, while demand from existing clients gains momentum. Outsourcing analysts say there are deals worth $300-400 million in the market at various stages of negotiations.
Life sciences and healthcare is the sixth-largest vertical for TCS and accounted for 5.2% of the firm’s revenues at the end of fiscal year 2008-09. TCS provides offerings in the areas of clinical trial data management, pharmacovigilance and medical device design, besides software and solutions to aid drug discovery. There are multiple small deals ranging between $25-50 million and a couple of large $100 million deals by American pharma firms in the market, said an outsourcing analyst, asking not to be named. “The sector has not been impacted so much by the economic slowdown but is in the middle of a flux. This presents an opportunity for outsourcing firms,” he said. TCS vice-president and global life sciences and healthcare head Debashis Ghosh said the firm was exploring venturing into claims processing and other knowledge process outsourcing (KPO) work in the healthcare insurance area as well as genome analysis.
Source: The Economic Times
http://economictimes.indiatimes.com/Infotech/Software/TCS-eyes-deals-in-life-sciences-healthcare-space/articleshow/4595764.cms
Life sciences and healthcare is the sixth-largest vertical for TCS and accounted for 5.2% of the firm’s revenues at the end of fiscal year 2008-09. TCS provides offerings in the areas of clinical trial data management, pharmacovigilance and medical device design, besides software and solutions to aid drug discovery. There are multiple small deals ranging between $25-50 million and a couple of large $100 million deals by American pharma firms in the market, said an outsourcing analyst, asking not to be named. “The sector has not been impacted so much by the economic slowdown but is in the middle of a flux. This presents an opportunity for outsourcing firms,” he said. TCS vice-president and global life sciences and healthcare head Debashis Ghosh said the firm was exploring venturing into claims processing and other knowledge process outsourcing (KPO) work in the healthcare insurance area as well as genome analysis.
Source: The Economic Times
http://economictimes.indiatimes.com/Infotech/Software/TCS-eyes-deals-in-life-sciences-healthcare-space/articleshow/4595764.cms
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