Shares of Tata Consultancy Services Ltd gained up to a percent today after the Tata Group company announced that it has signed a multi-million-dollar deal with Denmark-based Nuuday to implement a complex cloud transformation.
As part of this deal, TCS will take full responsibility for Nuuday's IT infrastructure and migrate it to the TCS hybrid cloud.
Nuuday's move to TCS' Enterprise Cloud Platform, a next-gen hybrid cloud architecture with built-in tools and accelerators, will reduce time to market for new products and services. It will result in enhanced experiences for customers and employees of Nuuday, which delivers connectivity products and digital services to over 4.1 million Danish homes and 1.8 million businesses, the company said in an exchange filing.
As the strategic technology partner, TCS will help Nuuday realise its objective of becoming a ‘truly digital service provider’ with a modern and secure infrastructure. TCS will host and manage all IT domain services of Nuuday during the transformation. This cloud transformation will enable faster and easier adoption of next-gen technologies.
"We are turning to TCS based on the company’s proven industry experience and successful completion of complex cloud transformation projects in the digital communications sector. This important partnership will help us futureproof our business by delivering the latest digital experiences our customers expect and ensuring excellent end-user satisfaction," said Monika Gullin, Chief Technology Officer, Nuuday.
"With its extensive contextual knowledge, deep domain expertise, and experience in the digital communications sector, TCS is committed to supporting Nuuday’s vision with innovation and new technology in this nationally significant Scandinavian partnership," said Vikram Sharma, Country Head, Denmark, TCS.
Shares of TCS were trading 0.081% higher at ₹4,151.95 apiece on the NSE at 11:30 am. The stock has risen 8% so far in 2024.
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