Thursday, February 28, 2008

Tata Consultancy Services to provide R&D for Nokia Siemens Networks

Nokia Siemens Networks announced a multimillion Euro outsourcing agreement with Tata Consultancy Services (TCS) to transfer product engineering and R&D services as well as parts of the Operations and Business Software (OBS) business unit activities from Nokia Siemens Networks to TCS. The reassigned parts belong to the Nokia Siemens Networks development center in Düsseldorf, Germany, including 90 employees who will be transferred to TCS as part of this engagement.

Nokia Siemens Networks said the transfer of R&D capabilities to trusted business partners such as TCS is part of Nokia Siemens Networks' overall strategy to realize synergy savings.