Contract, held by HP, up for renewal later this year; may be split and handed out to more than one service provider. Tata Consultancy Services Ltd (TCS) and HCL Technologies Ltd are among the front-runners to win an outsourcing contract from PepsiCo Inc. valued at about $500 million (around Rs.2,925 crore today), according to two people familiar with the development.
The contract, held by Hewlett-Packard Co. (HP), will be up for renewal later this year. It is likely to be split and handed out to more than one service provider mostly for handling infrastructure management services, the two people said, requesting anonymity as they are not authorized to discuss these details.
Pepsi had signed the contract with HP, the world’s largest computer firm, in 2006 for a total value of $100 million for managing its information technology (IT) and data centre operations, according to outsourcing advisory firm Everest Group. Pepsi also has outsourcing agreements with International Business Machines Corp., or IBM, which runs the finance and administration processes of the soft drink maker’s Indian arm.
Source: LiveMint
Wednesday, June 19, 2013
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