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Tata Consultancy Services, Gfi informatique agree to accelerate smart cities programs in France.

M2 EQUITYBITES-November 25, 2015-Tata Consultancy Services, Gfi informatique agree to accelerate smart cities programs in France

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Tata Consultancy Services (BSE: 532540, NSE: TCS) and Gfi Informatique (ISIN: FR0004038099) said they have announced a strategic partnership agreement on smart cities to meet the requirements of digital initiatives in public transportation, water, and energy and accelerate the adoption of digital technologies in France's fast-growing and innovative smart cities market.

Gfi Informatique and Tata Consultancy Services will offer the Intelligent Urban Exchange (IUX) advanced analytics solution developed by the TCS Digital Software & Solutions (DS&S) Group. The TCS IUX software solution leverages real-time and historical data to close the loop between citizen and city needs and the supply of services, such as transportation, water and energy.

The contract is a culmination of DS&S Group's knowledge of the global smart city market -- a USD1.6 trillion dollar opportunity by 2020 -- and Gfi's trusted relationships with local public sector organizations to provide system integration and localization in France. Gfi will use IUX analytics software to support digital initiatives that enhance public services for citizens, make efficient use of resources and improve the environment to help boost France's leadership in intelligent city programs.

Gfi will include the TCS IUX flexible solution as part of their value-added capabilities to address market requirements and deliver greater benefits to smart city programs in France. The highly scalable, modular software solution combines big data and domain specific advanced analytics to provide cities, utilities or transport operators with real time, actionable insights and deliver cost-effective operations across multiple intelligent city domains, such as transportation, water, energy, open governance and city commerce.

Launched in 2014, TCS Digital Software & Solutions Group is a strategic growth business unit in TCS formed to help customers undergo critical digital transformations with modular, scalable and fully integrated, industry-tailored licensed software and solutions.

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match.

European player in value-added IT services and software, Gfi Informatique occupies a strategic position in its differentiated approach to global firms and niche players. The Group has nearly 11,000 employees and had in 2014 a turnover of EUR804 million.

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Publication:M2 EquityBites (EQB)
Geographic Code:4EUFR
Date:Nov 25, 2015
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