Company Expands Strategic Partnership with Tata
Consultancy Services
Walgreens Boots Alliance, Inc. (Nasdaq: WBA) and Tata
Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading
global information technology (IT) services, consulting and
business solutions organization, today announced that the companies
have expanded their strategic partnership to advance WBA’s
transformation of its global IT function by launching a new
operating model for IT Run and Operational services, enabling WBA
to accelerate its digitalization program to advance innovation for
customers, drive organizational efficiencies across the company and
further reduce its cost base.
The expansion of the WBA and TCS strategic partnership is based
on WBA’s review of its IT operating model and vendor landscape. As
a result, the WBA global IT team will focus on leading and
supporting strategic technology projects that create customer value
through the development of new digital products and services on its
business platforms. Following a period of transition, TCS will
provide Run and Operational managed services, including application
maintenance and support, infrastructure and security operations.
The TCS approach will blend artificial intelligence, machine
learning and advanced software engineering to enhance operational
resilience and boost productivity.
“WBA is building a scalable, sustainable and globally unified IT
operating model that is focused on digital transformation,
automation of service delivery and innovation,” said Francesco
Tinto, senior vice president, global chief information officer,
WBA. “The TCS strategic partnership will enhance our ability to
rapidly address evolving business needs, support large-scale global
technology solutions and promote investment in truly
differentiating capabilities through a modernized platform.”
“We are delighted to build on our long-standing relationship
with WBA and enable its growth and transformation,” said Ashish
Khurana, Head, Retail Industry Solutions, TCS. “We will leverage
our contextual knowledge of WBA’s business ecosystem to harness the
power of digital technologies to streamline and scale-up their IT
operations, while helping accelerate transformational initiatives
that enhance the customer experience.”
The new WBA global IT operating model is part of the company’s
strategic priority to save to invest to grow, while managing costs
efficiently under the Transformational Cost Management Program.
Notes to Editors:
About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is a global leader in
retail and wholesale pharmacy, touching millions of lives every day
through dispensing and distributing medicines, its convenient
retail locations, digital platforms and health and beauty products.
The company has more than 100 years of trusted health care heritage
and innovation in community pharmacy and pharmaceutical
wholesaling.
Including equity method investments, WBA has a presence in more
than 25 countries, employs more than 440,000 people and has more
than 18,750 stores.
WBA’s purpose is to help people across the world lead healthier
and happier lives. The company is proud of its contributions to
healthy communities, a healthy planet, an inclusive workplace and a
sustainable marketplace. The company’s businesses have been
recognized for their Corporate Social Responsibility. Walgreens was
named to FORTUNE* magazine’s 2019 Companies that Change the World
list and Boots UK was recognized as Responsible Business of the
Year 2019-2020 by Business in the Community.
WBA is included in FORTUNE’s 2020 list of the World’s Most
Admired Companies. This is the 27th consecutive year that WBA or
its predecessor company, Walgreen Co., has been named to the
list.
More company information is available at www.walgreensbootsalliance.com. *© 2019, Fortune
Media IP Limited. Used under license.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and
business solutions organization that has been partnering with many
of the world’s largest businesses in their transformation journeys
for the last 50 years. TCS offers a consulting-led, cognitive
powered, integrated portfolio of business, technology and
engineering services and solutions. This is delivered through its
unique Location Independent Agile delivery model, recognized as a
benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business
group, TCS has over 446,000 of the world’s best-trained consultants
in 46 countries. The company generated consolidated revenues of US
$20.9 billion in the fiscal year ended March 31, 2019 and is listed
on the BSE (formerly Bombay Stock Exchange) and the NSE (National
Stock Exchange) in India. TCS' proactive stance on climate change
and award-winning work with communities across the world have
earned it a place in leading sustainability indices such as the Dow
Jones Sustainability Index (DJSI), MSCI Global Sustainability Index
and the FTSE4Good Emerging Index. For more information, visit us at
www.tcs.com.
(WBA-GEN)
Cautionary Note Regarding Forward-Looking Statements:
All statements included in or incorporated by reference in this
report that are not historical, including statements relating to
Walgreens Boots Alliance’s ability to accelerate its digitalization
efforts and the ability of the strategic partnership to contribute
to Walgreens Boots Alliance’s transformational cost management
program, are forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are not guarantees of
future performance and involve risks, assumptions and
uncertainties, including those described in Item 1A (Risk Factors)
of Walgreens Boots Alliance’s Form 10-K for the fiscal year ended
August 31, 2019, regulatory filings made by TCS with applicable
authorities and in other documents that Walgreens Boots Alliance or
TCS files or furnishes with the Securities and Exchange Commission
or other applicable authorities. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially. These
forward-looking statements speak only as of the date they are made.
Except to the extent required by law, each of Walgreens Boots
Alliance and TCS does not undertake, and expressly disclaims, any
duty or obligation to update publicly any forward-looking statement
after the date of this report, whether as a result of new
information, future events, changes in assumptions or
otherwise.
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WBA Contacts: Media Relations USA / Morry Smulevitz +1
847 315 0517 International / Finsbury +44 (0)20 7251 3801
Investor Relations Gerald Gradwell and Jay Spitzer +1 847
315 2922
TCS Media Contacts: Asia Pacific: charlene.lee@tcs.com |
+65 9138 4370 ANZ: kelly.ryan@tcs.com | +61 422 989 682 Benelux:
joost.galema@tcs.com | +31 615 903387 Canada: tia.thomas@tcs.com |
+1 647 790 7602 Central Europe: anke.maibach@tcs.com | + 49 172
6615789 Europe: mattias.afgeijerstam@tcs.com | +46723989188 India:
arushie.sinha@tcs.com | +91 22 6778 9960 Japan:
douglas.foote@tcs.com | +81 80-2115-0989 Latin America:
martin.karich@tcs.com | +569 6170 9013 Nordics:
roland.bagen@tcs.com | +46 70 317 80 24 UK: peter.devery@tcs.com |
+44 20 3155 2421 USA: b.trounson@tcs.com | +1 646 313 4594
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