Tricentis and TCS Announce Partnership to Assure Best in Class Quality of Enterprise Applications
San Mateo, CA and Chennai, INDIA— September 8, 2015 – Tricentis, global leader in enterprise software testing solutions that accelerate business innovation and TCS, a leading IT services, consulting and business solutions organization, today announced a strategic partnership to collaborate within the realm of Quality Assurance (QA) and Testing.
According to analysts, companies spend over $60B per year or 23% of their IT budget on QA and testing. TCS’ Assurance Services Unit (ASU) is a market leader in addressing, both business and quality challenges of global enterprises, empowering them to optimize overheads, reduce time to market and improve customer satisfaction. As part of the agreement, Tricentis and TCS will work together to create automated QA and Testing solutions and a Center of Excellence (CoE) to help enterprises significantly reduce IT spend on QA and Testing.
Tricentis Tosca Testsuite increases the productivity of QA teams by automating over 90 percent of test cases and allowing customers to manage risk vs. just identifying the number of test cases. By leveraging Tricentis’ Test Case Design, enterprises also reduce the number of test cases necessary to execute. The combination of greater automation, increased risk coverage and a lower number of test cases dramatically reduces testing time, effort and cost. As a result, Tricentis and TCS are a perfect fit for development teams leveraging agile, continuous development and DevOps concepts who are experiencing lengthy test cycles.
“Assurance and risk management are strategic initiatives for both companies” stated Franz Fuchsberger, Co-founder and CSO, Tricentis. “It was natural for Tricentis and TCS to partner and collaborate strategically in order to ensure that our joint customers have the best and most advanced testing solution on the market.”
Commenting on the partnership, Siva Ganesan, Vice President and Global Head of Assurance Services, TCS, said, “Quality Assurance and Testing Services are imperative to succeed in this hyper-competitive market. Synergistic solutions and services from TCS and Tricentis will help customers thrive in the ‘default is digital’ age while effectively managing risk.”
Tricentis, the continuous testing company, is the leading provider of end-to-end software testing solutions for Global 2000 companies. It empowers enterprises to accelerate business innovation via agile development methodologies. Its solution encompasses market-leading test case design and planning, test data provisioning, automation for end-to-end testing of modern applications. Through unprecedented automation, Tricentis helps customers increase speed-to-market and achieve 10X improvements over traditional script based testing solutions. Gartner recognizes Tricentis as the Visionary Leader in its 2014 Magic Quadrant for Integrated Software Quality Suites Report. Forrester calls Tricentis a Strong Performer in Functional Automation Tools, with model based test automation being a standout feature. The company has more than 400 customers, including Top 500 global brands, six of the Global Top 10 banks and well-known companies Allianz, BMW, ING, Deutsche Bank, HBO, Orange, Swiss Re, UBS and Vodafone. Tricentis has offices in Austria, United States, Germany, Switzerland, UK, Netherlands and Australia.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio f IT, BPS,infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 324,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $15.5 billion for year ended March 31, 2015 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.