Tata Consultancy Services (TCS) has acquired French IT services firm Alti for €75m and boosted its workforce across three European countries by 1200 in the process.
Indian IT services firms are increasingly investing in Europe to provide more onshore services to their customers.
Large enterprises and public sector organisations in Europe are prefer certain services to be delivered locally. To this end TCS recently opened a delivery centre in Liverpool to as part of a contract with the Home Office, which will have more than 300 staff when the contract is fully up and running by the end of June.
The Alti acquisition will support the company’s business in France, Switzerland and Belgium. ALTI is a provider of IT services around enterprise software such as CRM.
Alti co-founder Andre Bensimon, said the agreement will benefit customers and employees.
“Supplementing our current services with TCS’ renowned global expertise will provide tremendous additional value to our clients; while our employees will secure the advantages of building their careers in a larger global organisation, which is considered a Top employer in Europe.”