Asia's Largest Technology Firm Opens Office in Buffalo; Senator Hillary Rodham Clinton Bridges SUNY-Buffalo and TCS; Government And Business Leaders Gather at Dedication Ceremony.

Business Editors/High-Tech Writers

BUFFALO, N.Y.--(BUSINESS WIRE)--March 10, 2003

TATA Consultancy Services (TCS), Asia's largest information technology firm and America's second fastest-growing IT consultancy, today announced that it has opened its newest North American office in Buffalo, New York.

The deal was the brainchild of Senator Hillary Rodham Clinton (D-NY), who is dedicated to bringing new businesses to the state of New York, and was facilitated by the Confederation of Indian Industry, India's premier business association.

"When I learned of TATA Consultancy Services' intentions to expand its company, I thought immediately of Buffalo and dedicated myself to showing the company all that the region had to offer," Senator Clinton said. "TCS could have located anywhere in the country. I am proud but not surprised that they chose Buffalo."

TCS currently operates two other offices in the state of New York - both in New York City - serving technology needs for several Wall Street companies.

The new Buffalo office (1812 Liberty Building, 420 Main Street, Buffalo, NY) signifies the company's dedicated focus on the technology needs of the city and state government. The new office will provide existing and potential customers with TCS' high-quality technology consulting services as well as engage in innovative research and development.

"Buffalo's leading sectors - from financial services and banking to city and state government - are revolutionizing the way they conduct business by embracing new technologies," said Arup Gupta, President of TCS North America. "From our new office in Buffalo, TCS will provide the best technology and strategy consulting services to help New York's industries and government streamline their business operations and compete successfully in the digital economy."

"This is great news for the City of Buffalo and the region at-large. I want to welcome TATA Consultancy Services to the City of Buffalo and thank them for the investment in our city and for the potential that this company brings from an international perspective. Senator Hillary Clinton should be commended for her efforts in encouraging business development in New York State and specifically in the upstate area. The collaboration of a worldwide IT consulting enterprise like TCS with the University at Buffalo will only serve to enhance training and job creation in this region," said Buffalo Mayor Anthony M. Masiello.

In addition to opening its Buffalo office, TCS also signed a Memorandum of Understanding (MOU) with the University at Buffalo (UB) in a ceremony today. The MOU is part of TCS' unwavering commitment to education, research and development. The partnership with UB will eventually lead to opportunities for training, recruitment and job creation in Buffalo.

TCS has been expanding its North American operations, and currently has more than 50 offices in the U.S. and Canada. TCS is a software technology consultancy company that provides information technology and management consulting services to organizations in over 50 countries across the globe.

With worldwide offices and resources, TCS provides round-the-clock development cycles by working on client projects onsite, offsite, nearshore, and offshore (i.e., overseas). This "around-the-clock" project work cuts development time and offers extremely competitive rates, and the industry's highest standards for quality.

The Carnegie Mellon University's Software Engineering Institute has ranked 15 TCS development facilities at the highest level of quality (CMM Level 5) - more than any other company in the world. TCS' R & D Centers are considered to be among the most advanced software tools foundries. Its clients include some of America's largest corporations, including six of the U.S. Fortune 10.

ABOUT TCS

Tata Consultancy Services (TCS), India and Asia's largest IT software and services company, provides information technology and management consulting services to organizations in 55 countries across the globe. With 20,140 employees (18,835 consultants) and revenues of $880 million, TCS has more than 150 offices worldwide.

In North America, TCS has more than 50 offices and is headquartered in New York City.

Its clients include companies and organizations such as American Express, AIG, Bank of America, Best Buy, Boeing, the Canadian Depository for Securities, Charleston County (South Carolina), ChevronTexaco, Citibank, Cummins Company, Dell Computer Corporation, U.S. Department of Defense, The Gap, General Electric, Hewlett-Packard, IBM, ING America, Kellogg's, Lucent Technologies, McGraw-Hill, Microsoft, Nacco, NASDAQ, Nike, The State of Pennsylvania, The State of New Mexico, Pratt & Whitney, Prudential Financial, Rockwell, Qwest, SBC Communications Inc., the Target Corporation, USAA, Verizon, Xerox and Zimmer.

TCS currently supports the technology needs of six of the top 10 U.S. Fortune 500 companies. TCS' North American operation is responsible for more than 65 percent of the company's overall worldwide revenues. Visit us at www.tcs.com or www.tcs-america.com.