Consultancy Services, India’s largest technology consulting firm on Wednesday said that it had acquired a US management consulting firm- BirdgePoint Consulting for an undisclosed sum.
BridgePoint Group, according to a release from TCS, offers services in the financial services industry and specialises in retirement services through the purchase of select company assets.
In the statement, TCS added, "This acquisition augments TCS' financial services and insurance domain knowledge, particularly in the area of US retirement services, where BridgePoint's team of experts currently provide strategic insights and advisory services around growth, business agility, customer experience and technical transformation."
BridgePoint's deep customer relationships and significant industry knowledge will add to TCS' ability to provide digital solutions and drive transformation in the USD 1 trillion US retirement services market.
The statement also added that BridgePoint's entire management team and key experts will join the Mumbai-based company.
“The US retirement business is complex, so BridgePoint's deep industry expertise and team of highly experienced consultants will enable TCS to develop a robust customer-focused retirement services business,” said Suresh Muthuswami, TCS President and Global Head for Banking, Financial Services and Insurance Platform.
"This move underscores our long-term commitment to this industry, enhancing our ability to provide end-to-end engagements, from strategic consulting to servicing of retirement assets," he added.
“The portfolio of services offered by TCS will offer growth potential and superior service to retirement providers across the US,” said Barbara March, Chief Executive Officer at BridgePoint.