SOFGEN inks partnership with TCS BaNCS

Joins Global Channel Partner Program to expand market outreach

Geneva, 26 September 2012: SOFGEN Holdings Limited (SOFGEN), an international provider of IT solutions for banks specialized in retail, private and commercial banking and Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, have announced a global alliance.

This alliance, which is a part of the TCS BaNCS Global Channel Partner Program, will synergize SOFGEN’s global consulting capabilities in the banking space and the internationally proven strengths of the TCS BaNCS universal banking suite and delivery/implementation track record.

The Global Channel Partner Program’s focus is to expand the footprint of TCS BaNCS through partners that understand both banking and technology. SOFGEN will support the TCS BaNCS products on a global scale, initially focusing its support on the PMO area, integration, data migration, testing, high level audits and suitability analysis.

Commenting on the partnership, Tony Ward, Chairman, SOFGEN Australia and Global Head, TCS BaNCS platform, said, “We are delighted to be a part of the TCS BaNCS Global Channel Partner Program. With this alliance, we will be catering to banks in specific markets that are keen to deploy an integrated banking solution. TCS BaNCS has advanced breadth and depth of functionality that is well complemented by SOFGEN’s local understanding of the target markets. This combination will present an enduring and valuable proposition to our joint customer bases.”

N. Ganapathy Subramaniam, President, TCS Financial Solutions said, “TCS BaNCS is happy to announce our partnership with SOFGEN. The firm’s rich consulting experience in the banking sector and knowledge of regional markets will help us further grow our international presence. Our Global Channel Partner program will enable us to collaborate with like minded organizations that can enrich our product ecosystem and deepen our customer experience.”