Tata Consultancy Services Limited, a global leader in IT service, consulting and business solutions, has expanded its strategic partnership with Xerox. TCS informs the exchange about the deal on Friday, June 26.
Under the agreement, TCS will consolidate Xerox’s technology services to improve business outcome, deploy a cloud-based Digital ERP platform to transform business processes and incorporate generative artificial intelligence (GenAI) into operations to help drive sustainable growth.
TCS will develop a new agile, cloud-first operating model for Xerox. Leveraging the deep capabilities of its service practices such as AI.Cloud, Enterprise Solutions (Including TCS Crystallus) and Cognitive Business Operations (including TCS Cognix), TCS will also build an AI-first enterprise platform for Xerox. These TCS capabilities will be combined with the expertise of industry partners such as leading hyperscalers and AI solution providers.
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About Xerox
Founded in 1906, as Haloid Company, Xerox Holdings Corporation is an American corporation that sells print and digital document products and services in more than 160 countries. Xerox is listed on Nasdaq Exchange and its LTP (Last-traded Price) is $13.32. Its Market Capitalization is more than 1.68 billion dollars.
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