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The Indian group Tata Consultancy Services has acquired the US management consulting firm BridgePoint Group, which it believes will strengthen its knowledge in the field of financial services and insurance.
Specifically, the acquisition would strengthen its expertise in retirement services in the United States, said Thursday the Indian IT consulting group in a statement, adding that it had purchased the "assets of the company" from BridgePoint.
Under the merger agreement, the entire management team and key experts of the US company would join TCS. "Their deep customer relationships and deep industry knowledge strengthen TCS 'ability to deliver digital solutions that enhance the experience of sponsors and attendees, as well as Business 4.0 transformations in the US market for business services." retirement, valued at $ 1 trillion, "the statement added.
TCS did not disclose the financial details related to the merger.
Earlier this year, the Indian company signed a 10-year, $ 2.25 billion US outsourcing contract with Nielsen. The contract included a digital transformation strategy and renewed a previous relationship with Nielsen dating back to 2007.
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