Prudential sells tech unit to TCS - LeadCloud News
Prudential sells tech unit to TCS
17 November 2020

Prudential sells tech unit to TCS

TCS and the Newark, New Jersey-based life insurer signed the agreement for the Letterkenny, Ireland-based tech-services business Wednesday, TCS said. The Indian company will take on more than 1,500 Pramerica employees. No cash will change hands, a person familiar with the matter told Bloomberg News earlier.

The deal deepens the Indian IT giant’s relationship with a key client and expands its foothold in Ireland and Europe, said K. Krithivasan, TCS’s president of banking, financial services and insurance. Pramerica staff will continue to provide a range of digital and technology services to Prudential.

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