DEERFIELD, Ill. and
MUMBAI, India, Feb. 3, 2020 /PRNewswire/ -- 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.
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.
WBA
Contacts:
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Media
Relations
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Contact
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USA / Morry
Smulevitz
International /
Finsbury
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+1 847 315
0517
+44 (0)20 7251
3801
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Investor
Relations
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Contact
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Gerald Gradwell and
Jay Spitzer
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+1 847 315
2922
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TCS Media
Contacts:
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Asia
Pacific:
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charlene.lee@tcs.com
| +65 9138 4370
|
ANZ:
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kelly.ryan@tcs.com |
+61 422 989 682
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Benelux:
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joost.galema@tcs.com
| +31 615 903387
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Canada:
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tia.thomas@tcs.com | +1 647 790 7602
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Central
Europe:
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anke.maibach@tcs.com
| + 49 172 6615789
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Europe:
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mattias.afgeijerstam@tcs.com |
+46723989188
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India:
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arushie.sinha@tcs.com | +91 22 6778
9960
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Japan:
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douglas.foote@tcs.com | +81
80-2115-0989
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Latin
America:
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martin.karich@tcs.com
| +569 6170 9013
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Nordics:
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roland.bagen@tcs.com | +46 70 317 80
24
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UK:
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peter.devery@tcs.com | +44 20 3155
2421
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USA:
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b.trounson@tcs.com |
+1 646 313 4594
|
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SOURCE Tata Consultancy Services