ABN Amro Set To Unveil Largest IT Offshore Outsourcing Deal - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
IT Leadership // IT Strategy

ABN Amro Set To Unveil Largest IT Offshore Outsourcing Deal

Value of contract involving Tata Consultancy Services and other vendors could exceed $2 billion.

InformationWeek has learned that ABN Amro on Thursday will formally acknowledge its signing of the IT industry's largest offshore outsourcing deal to date. According to numerous sources, the Dutch financial-services giant has tapped Indian service providers Tata Consultancy Services and Patni Computer Systems as part of a consortium of vendors that will handle its infrastructure, application development, and maintenance requirements.

Sources say the total value of the work could exceed $2 billion in total, with TCS and Patni in line for contracts worth hundreds of millions of dollars. That would represent the largest sum committed by a Western firm to Indian IT-services vendors.

ABN Amro is said to want to move more than 2,000 IT jobs to India to take advantage of the country's low cost environment. Several U.S.-based vendors, including IBM and Accenture, also are thought to be in the running for portions of the work. Both vendors maintain large development centers in India. IBM and Accenture officials were not immediately available for comment. A formal announcement is expected Thursday morning, according to sources.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Commentary
Get Your Enterprise Ready for 5G
Mary E. Shacklett, Mary E. Shacklett,  1/14/2020
Commentary
Modern App Dev: An Enterprise Guide
Cathleen Gagne, Managing Editor, InformationWeek,  1/5/2020
Slideshows
9 Ways to Improve IT and Operational Efficiencies in 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  1/2/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
Slideshows
Flash Poll