TCS and IBM lead race for Volvo’s $500 million IT contract


Cloud News Asia

IndiaBENGALURU: Tata Consultancy Services and International Business Machines have emerged as frontrunners in the race to win Swedish truckmaker AB Volvo’s IT outsourcing contract, worth about $500 million, according to people familiar with the matter. As part of the deal, which is expected to stretch over three to five years, Volvo will outsource its IT business unit, they said, adding that HP and Infosys are among the other firms being evaluated. Volvo may give out business worth at least $100 million a year as part of this deal, they said, requesting anonymity.

http://economictimes.indiatimes.com/tech/ites/tcs-and-ibm-lead-race-for-volvos-500-million-it-contract/articleshow/47698785.cms

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