TCS, Mitsubishi to form software services company

Wednesday, 23 April 2014 00:00 -     - {{hitsCtrl.values.hits}}

Reuters: India’s largest IT services exporter Tata Consultancy Services has signed a pact with Japan’s Mitsubishi Corp to create a Japanese software services provider, the companies said in a statement on Monday. Tata Consultancy Services Japan Ltd, Nippon TCS Solution Center Ltd and IT Frontier Corporation – a wholly owned unit of Mitsubishi – will be merged together to form a single entity, the pair said in the statement. TCS will hold 51% while Mitsubishi will hold the remaining 49% of the entity, which will be operational from July 2014, they said.