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Archive for November 7th, 2012

Briggs & Stratton Corporation To Acquire Branco In Curitiba, Brazil

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MILWAUKEE, Nov. 6, 2012 /PRNewswire/ — Briggs & Stratton Corporation (NYSE:BGG) today announced that it has signed a definitive agreement to acquire Companhia Caetano Branco, of Brazil (“Branco”) for approximately $60 million dollars, subject to post-closing adjustments. Founded in 1936, Branco is a leading brand in the Brazilian light power equipment market with a broad range of outdoor power equipment used primarily in light commercial applications in Brazil. Its products including generators, water pumps, and light construction equipment are sold through its independent network of over 1200 dealers throughout Brazil. Branco employs approximately 150 people in Brazil.

(Logo: http://photos.prnewswire.com/prnh/20120529/CG15020LOGO )

Briggs & Stratton anticipates financing the transaction from cash on hand and/or its existing credit facilities. Branco has annual sales of approximately $40 million with operating margins ranging from approximately 13% to 17% across its various product lines. Completion of the transaction is subject to conditions customarily associated with a transaction of this type. The transaction is targeted for closing within the next three to four months.

“This acquisition brings two great companies with incredible brand strength together. It is also another step in executing our strategy to expand in developing regions of the world in order to expand our product portfolio in higher margin categories and to diversify our geographic footprint,” said Todd Teske, Chairman, President and CEO of Briggs & Stratton Corporation.

“This is a very positive outcome for Branco customers and Briggs & Stratton. The Branco business is a leading brand in Brazilian light power equipment with a very strong distribution network in Brazil. It’s brand strength and current operational performance can only add to the strength of a company like Briggs & Stratton,” stated Denise Remor, CEO of Branco.

“We view this acquisition very positively for Briggs & Stratton and for all of the stakeholders in each entity – employees, customers and shareholders. With Branco’s brand strength, employees and customer base, we will have an established, well performing company located in a country that has aggressive infrastructure needs and a history of higher growth opportunities, which can only add to the strength of our company,” said Todd Teske.

Briggs & Stratton Corporation, headquartered in Milwaukee, Wisconsin, is the world’s largest producer of gasoline engines for outdoor power equipment. Its wholly owned subsidiary Briggs & Stratton Power Products Group LLC is North America’s number one marketer of portable generators and pressure washers, and is a leading designer, manufacturer and marketer of standby generators, along with lawn and garden and turf care through its Simplicity®, Snapper®, Snapper Pro®, Ferris® and Murray® brands. Briggs & Stratton products are designed, manufactured, marketed and serviced in over 100 countries on six continents.

Safe Harbor Statement:

This release contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. The words “believe”, “estimate”, “expect”, “forecast”, “intend”, “plan”, “project”, “anticipates”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements are based on the Company’s current views and assumptions and involve risks and uncertainties that include, among other things, the ability to successfully integrate Branco’s operations into those of Briggs & Stratton; such integration may be more difficult, time-consuming or costly than expected; Branco’s revenues following the transaction may be lower than expected; operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected following the transaction; changes in foreign exchange rates; changes in economic conditions in Brazil; and other factors disclosed from time to time in our SEC filings or otherwise, including the factors discussed in Item IA, Risk Factors, of Briggs & Stratton’s Annual Report on Form 10-K and in its periodic reports on Form 10-Q.

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November 7, 2012 at 3:19 pm

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Mavenir Systems Brings RCS to Life

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Expands converged services product portfolio -offers operators fast start to advanced services
RICHARDSON, Texas /PRNewswire/ — Mavenir Systems, a leading innovator of infrastructure solutions for mobile operators, today confirmed that the RCS 5 version of the GSMA’s Rich Communication Services has been fully integrated into its converged services product portfolio. The development makes the company the first to offer full RCS 5 solutions including voice, video and messaging solutions.
The latest RCS standard brings together RCS v1-4 and RCS-e v1.2 — adds Converged IP Messaging (CPM) for service interworking to SMS/MMS and will enable mobile carriers to have full interoperability of services across each other’s networks.
The confirmation comes hard on the heels of the 31st October announcement by MetroPCS of its Mavenir-enabled first commercial launch of RCS 5 services. As a result of the launch, MetroPCS is delivering new innovative features such as a mobile address book enhanced with social presence and one-click content sharing, IP voice and video calling, and threaded multimedia messaging. MetroPCS was able to quickly launch its RCS 5.0 services as a new service on the same Mavenir mOne® Platform that enables MetroPCS’ first-to-market Voice over LTE (VoLTE) service.
“Operators are looking for innovative services and ideas to monetize their investment in LTE networks, create a competitive edge and compete against the so-called over-the-top (OTT) providers and other rivals,” said Pardeep Kohli, president & chief executive officer of Mavenir Systems. “RCS can help provide those services quickly and with an improved return on investment for operators as they build out their core LTE networks.”
The GSMA welcomed the early deployment of a Rich Communication Service that includes a joyn™ accredited set of services based on the latest RCS standard by Mavenir and MetroPCS. joyn, represents ubiquity, security, service quality and interconnection and is available for operators to use in order to give one global ‘face’ to RCS services. Through the joyn brand users will know that the device is RCS enabled, which means it automatically ‘knows and shows’ ways to share with contacts via chat, video, call or files, at any moment in time.
“We believe that all mobile subscribers deserve to enjoy the ever-growing richness of services that RCS delivers and the speed to market of new IP based communications services,” said Attilio Zani, senior director, GSMA. “The GSMA’s joyn accreditation process allows operators to swiftly deploy a robust set of services for their end users, with the knowledge that they will interoperate seamlessly around the world.”
Mavenir’s suite of RCS application servers – including the Presence Server, MMTEL Telephony Application Server (TAS), Rich Messaging Server (RMS), – are all based on its mOne® Convergence Platform which is designed to simplify carriers’ network transformations.
Mavenir will be at Mobile World Congress Booth 6E60 with an RCS demo. If you can’t wait, contact marketing@mavenir.com for a demonstration.
About Mavenir Systems:
Mavenir delivers Converged Voice, Video and Messaging solutions, based on the mOne® Convergence Platform, to wireless operators globally. Mavenir’s value-added IMS and cloud based solutions enable the transformation of legacy core networks by offering compelling new services such as VoLTE and RCS, and by providing uniquely innovative solutions to address the challenge of migrating subscribers and services to 4G. These solutions are deployed by customers in North American and European markets. http://www.mavenir.com
US Press Contact:
Samantha Grant/Valerie Christopherson
Global Results Communications (GRC)
+1-949-608-0276
Mavenir@globalresultspr.com
Source: Mavenir Systems

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November 7, 2012 at 2:34 pm

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Exset B.V., Appoints Mahmood Ulhaq as Director Business Development for Asia

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LONDON/PRNewswire/ —
Exset B.V., a leading provider of Conditional access and Middleware solutions today announced the appointment of Mr. Mahmood Ulhaq as Director Business Development Asia, Exset B.V.
(Logo: http://photos.prnewswire.com/prnh/20121106/573465 )
Mr. Ulhaq brings with him over 20 years of experience in broadcast, information and strategic planning space. He has held prestigious positions at various senior levels at MJF Media, Univision Networks, AMZ Technologies, MicroTech Networks and Vanik Telecommunications. He has also been on the board of a few of reputed South Asian operators in the Media space
Mr. Ulhaq is an M.B.A (Marketing), and also holds a degree in M.A (Television Broadcasting Management), M.SC (Computer Science), B.SC (Computer Science), and DAE (Electronics).
Mr. Alex Borland, CEO, Exset B.V., said: “The experience which Mr. Ulhaq brings with him, will add to value to Exset’s vision and business growth across the markets he will be looking after.”
“It’s my great pleasure to be part of the Exset family, which has a complete suite of solutions to help and enhance digitization progress in Asia. Seeing all the ingredients of a successful Broadcast Technology Provider in Exset, my approach would be to pave way for greater success of all the constituents of the value chain in the region, which is highly competitive with exciting potentials,” said Mr. Ulhaq.
Mr. Ulhaq will be working directly and with the local partners across strategic countries in Asia, ensuring Exset solutions for the Digital operators are successfully deployed.
“Mahmood brings in a strong industry network and his talent to help grow the business. He will play a key role in developing Exset’s positioning as the strong leader in the region, populating our Digital Monetization System in response to the analog switch “added Mr. Rahul Nehra – Global Head of Sales & Marketing, Exset.
About Exset:
Exset, is a Broadcast Technology and Solutions company founded in 2011 based in The Netherlands with offices in UK, Estonia, India. Exset provides software and security solutions to the television industry focusing in emerging markets where localisation, social and economic factors require a fresh approach form the traditional technology suppliers companies. We strive to provide a unique service by understanding the regional markets and working collaboratively with our customers to deliver highly tailored solutions using latest technologies and maximizing their return on investments.
For Further Information Contact:
Rajesh Prothi
AbsoluteFactor
rajesh.prothi@absolutefactor.com
Mobile: +91-9810201923
Source: Exset B.V.

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November 7, 2012 at 12:12 pm

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Mavenir Systems Supports Rich Communication Services for MetroPCS

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MetroPCS is first 4G LTE mobile service provider to launch RCS, leverages VoLTE platform
RICHARDSON, Texas/PRNewswire/ — Mavenir Systems, a leading innovator of mobile infrastructure solutions for 4G LTE operators, announced today that it provided MetroPCS with its suite of application servers to support the world’s first commercial launch of Rich Communication Services (RCS) on a 4G LTE network, based on the GSMA 5.0 standard.
Mavenir’s VoLTE solution, launched commercially by MetroPCS earlier this year, is a platform that helps MetroPCS leverage the investment in its 4G LTE network and quickly offer differentiated services and new value to its customers.
Under the GSMA-licensed joyn™ brand, MetroPCS’ RCS platform is deployed with Mavenir’s IMS core and application servers, and will deliver an experience beyond voice and basic messaging to provide customers with a unified and intuitive way to use enriched services such as group instant messaging or chat, WiFi calling and video over WiFi calling, as well as simplified content sharing. joyn by MetroPCS is currently available on the Samsung Galaxy Attain™ 4G.
“The move to all-IP networks is really a journey for mobile carriers and opens the doors for forward thinking operators such as MetroPCS to move quickly to offer new services,” said Pardeep Kohli, president & chief executive officer of Mavenir Systems. “Mavenir is working closely with MetroPCS and other tier 1 operators, to transform their network services and support their vision of delivering value through rich IP-based communication services.”
Mavenir’s suite of RCS 5.0 application servers, including the Presence Server, Content Server and Rich Messaging Server, are based on the mOne® Convergence Platform which is designed to simplify carriers’ network transformations.
About Mavenir Systems:
Mavenir delivers Converged Voice, Video and Messaging solutions, based on the mOne® Convergence Platform, to wireless operators globally. Mavenir’s value-added IMS and cloud based solutions enable the transformation of legacy core networks by offering compelling new services such as VoLTE and RCS, and by providing uniquely innovative solutions to address the challenge of migrating subscribers and services to 4G. These solutions are deployed by customers in North American and European markets. http://www.mavenir.com
US Press Contact:
Samantha Grant/Valerie Christopherson
Global Results Communications (GRC)
+1-949-608-0276
Mavenir@globalresultspr.com
Source: Mavenir Systems

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November 7, 2012 at 11:42 am

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Leading Executives from Industry Eagerly Await Pulp and Paper International (PPI) Awards 2012 on November 12, 2012 in Brussels, Belgium

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BEDFORD, Mass. /PRNewswire/ — RISI, the leading information provider for the global forest products industry, today announced that some of the highest ranking executives in the pulp and paper industry will be in attendance at the PPI Awards ceremony on Monday, November 12, in Brussels, Belgium where category winners will be announced.
(Logo: http://photos.prnewswire.com/prnh/20080521/NEW122LOGO)
The evening, complete with live entertainment and a celebrity host, is sure to be one that sets the industry alight with enthusiasm and celebration. To reserve tickets, go to http://www.ppiawards.com/tickets.
Mark Rushton, Editor of PPI Magazine and Chairman of the jury for the PPI Awards 2012 commented, “Each year we have seen growth in the PPI Awards program. And in 2012, not only did we see a three-fold increase in award entries across all categories, but we have also seen a fantastic turn out of senior management and top executives from all over the world in attendance.
“The whole room is going to be full of real movers and shakers from the global industry. This is the most excitement I have experienced around the event since its inception in 2009,” continued Rushton.

Judges include high profile industry figures Teresa Presas (CEPI), Martyn Eustace (Two Sides), Rod Young (RISI) and Bob Latham (Delphi Projects).
All key players in the industry are encouraged to be in Brussels as the final winners are announced and receive their trophy at the PPI Awards 2012 dinner and awards ceremony on Monday, November 12. To reserve tickets, go to http://www.ppiawards.com/tickets.
Prior to the ceremony, RISI is offering an afternoon seminar which includes the popular “Big Debate,” this year on the subject of “The Future of Graphic Papers.” The “Big Debate” is hosted in association with HP and ColorLok Technology. The seminar will also include presentations from Greenpeace and CEPI on the subject of sustainability in the pulp and paper industry. For tickets or more information on the event please go to http://www.ppiawards.com
The PPI Awards finalists appear below, by category and in alphabetical order:
Advances in Innovation in Speciality Papers (Mill) Sponsored by Metso
Carvajal Pulp & Paper, Cali, Columbia – Earth Pact ®
Middle East Paper Company, Saudi Arabia – Plasterboard grade paper
Sappi Alfeld GmbH, Germany – White liner for corrugated board production
Smurfit Kappa, Europe – Paper & Board Division – Recycled high performance fluting portfolio
Wausau Paper, Rhinelander, WI USA – Eco Select RT™ PCW Release Line
Advances in Innovation in Sustainable Packaging (Mill) Sponsored by Eka
Carvajal Pulp & Paper, Colombia – Earth Pact®
Mondi Industrial Sacks, Austria – Biodegradable Valve Bag
Papeles y Cartones de Europa SA (Europac), Spain – Icepac
Sappi Alfeld GmbH, Germany & Innovia Films – Laminar Structure for Compostable Packaging
Smurfit Kappa – Eco Tray
Smurfit Kappa – Salad Pack
Breakthrough Technology of the Year Supported by CEPI
ABB Ltd, Ireland – New Optical Caliper Sensor
EcoSynthetix Inc. Canada – Ecosphere® / Ecosphere® Biolatex®
RYECO, Inc, USA – Defect Marker Technology
Sanata Technologies Inc. Canada – DAS Technology
Business Strategy of the Year Sponsored by Voith
Appleton, USA and Domtar, North America collaboration
Cascades Sonoco, Birmingham Mill, USA
DS Smith, UK
Hengan International, China
Klabin, Brazil
Resolute Forest Products, Canada
Efficiency Improvements of the Year Sponsored by Kadant
BILT Graphic Paper Products Ltd. Ballarpur Unit, India
BILT Graphic Paper Products Ltd. Bhigwan Unit, India
Cascades Sonoco, Birmingham Mill, USA
Middle East Paper Company, Jeddah, Saudi Arabia
Mondi SCP Ruzomberok, Slovakia
Environmental Award (Mill) Sponsored by Cargill
BILT Graphic Paper Products Limited, Bhigwan Unit, India
Mondi Steti, Czech Republic
SAICA, Partington Mill, UK
Smurfit Kappa Comptoir Du Pin, France
Smurfit Kappa Roermond Papier, Netherlands
UPM, Shotton Paper Mill, UK
Environmental Strategy (Company) Sponsored by Metso
Grupo Portucel Soporcel, Portugal
Kruger Products, Canada
Mondi Group, Austria
SAICA, UK
Sappi Fine Paper, North America
Shandong Sun Paper Industry Joint Stock, China
Suzano Pulp and Paper, Brazil
Global CEO of the Year Sponsored by StepChange Consulting
Mark Gardner, President and CEO of Sappi Fine Paper North America
Richard Garneau, President and CEO of Resolute Forest Products, USA
Xu Lianjie, CEO, Hengan International, China
Miles Roberts, CEO, DS Smith, UK
Sami Ali Al Safran, CEO, Middle East Paper Company, Saudi Arabia
Fabio Schvartsman, CEO, Klabin, Brazil
Innovative Products- Graphic Papers Sponsored by HP
Cascades Fine Papers Group, Canada – Checksecur Platinum Enviro™
Gold East Paper Company, China – Art-tech C2S
Holmen Paper, Sweden – Holmen TRND
Mohawk, USA – Mohawk Panoramic Papers
North Pacific Paper Company, North America – Norbrite®92
Sappi Fine Paper Europe – Jaz Silk, digital paper
Suzano Pulp and Paper, Brazil, -Art Premium PCR®
Managing Risk and Safety Sponsored by FM Global
BILT Graphic Paper Products Limited , Bhigwan Unit, India
Emin Leydier, France
Middle East Paper Company, Jeddah, Saudi Arabia
Mondi Group, Austria
Mondi SCP, Slovkia
Smurfit Kappa Coronel Suarez, Argentina
Mill Manager Sponsored by ABB
Emmanuel Boullay- Cascades Sonoco, Birmingham Mill, USA
I.N.Guha – Bilt Graphic Paper Products Limited, Bhigwan Unit, India
Farid Ibragimov- Mondi Syktyvkar, Russia
Subrahmanyam Sv- Tamilnadu Newsprint and Papers Ltd, India
Promotional Campaign Sponsored by RISI Marketing Services
Arjowiggins Graphic , France– Cocoon Campaign
Double A , Thailand– Transforming Paper, Global Campaign
DS Smith Packaging, UK – The Design Challenge
Finch Paper, USA – Digital Field Guide Campaign
Sappi Fine Paper Europe – Houston, the digital universe of paper and printing knowledge
Sappi Fine Paper North America, USA- eQ Journal 004: Taking the Guilt out of Paper?
Smurfit Kappa Recycling, UK – Be part of Birmingham’s Paper Chain
Two Sides, UK – No Wonder You Love Paper
The Green Energy and Biofuels Sponsored by Andritz
Metsa Fibre Oy, Finland
Mondi Syktyvkar, Russia
Tamilnadu Newsprint and Papers Ltd, India
UPM, UK
Water Efficiency Sponsored by Kemira
Bignardi Papeis, Brazil
BILT Graphic Paper Products Limited, Bhigwan Unit, India
Cascades Candiac Mill, Canada
Klabin Monte Alegre, Brazil
Shandong Sun Paper Industry Joint Stock Co, Ltd, China
Tamil Nadu Newsprint and Papers Ltd, India
For additional information on the categories, judges, agenda for the seminar, attendee list or to reserve tickets, visit http://www.ppiawards.com.
About RISI (www.risi.com)
Owned by UBM plc, which is listed on the London Stock Exchange, RISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, wood products, timber, biomass, tissue, nonwovens, printing and publishing industries to help them make better decisions.
Headquartered in Boston, MA, RISI operates additional offices throughout North and South America, Europe and Asia.
About UBM plc (www.ubm.com)
UBM plc is a leading global company. We inform markets and bring the world’s buyers and sellers together at events, online, in print and provide them with the information they need to do business successfully. We focus on serving professional commercial communities, from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists around the world. Our 6,000 staff in more than 30 countries are organised into specialist teams that serve these communities, helping them to do business and their markets to work effectively and efficiently.
For Press Enquiries, please contact:
Pam Williams
Marketing Specialist
O: +781.734.8999
E: pwilliams@risi.com
Source: RISI

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November 7, 2012 at 11:00 am

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TCS and AGL Project Wins SAP Customer Award of Excellence 2012

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Project Spectrum Transformation Program Recognised in SAP’s Best Run Value Realisation Category
MUMBAI, India /PRNewswire/ — Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organisation, announced that AGL, one of Australia’s leading integrated renewable energy companies, and TCS have jointly won the SAP Award of Excellence for Best Run Value Realisation for “Project Spectrum”, a major initiative to transform AGL’s billing processes and services.
AGL selected TCS as its IT services partner for Project Spectrum, a major transformation program started in 2010 to implement the SAP Industry Specific Utility (IS-U) Billing Solution. The goal of the project was to move all AGL customers into a single instance of SAP. Whilst simplifying from 45 disparate systems to one, AGL improved data integrity and brought new efficiencies to account management and servicing, greatly reducing total cost of ownership while enhancing customer service. Project Spectrum has been highly successful and well-received by AGL and by its 20,000 Commercial and Industrial (C&I) customers representing A$3 Billion of annual revenues for AGL. The TCS-driven implementation of the SAP IS-U solution has assisted AGL to further differentiate its service offering in the competitive Australian energy market.
“AGL is delighted to win this prestigious SAP implementation award with our partner TCS,” said Jason Clark, Spectrum Program Director, AGL. “I am proud to state that AGL is one of the first utilities in the world to consolidate all B2C and B2B customers onto a single Utilities Billing platform, and the results have been outstanding and incredibly well received both within AGL and with our customers.”
“We are pleased to receive this award from SAP, one of our key industry partners, for the major transformation project we have completed with AGL, who are a long standing and valued client”, said Deborah Hadwen, Chief Executive Officer, TCS Australia and New Zealand. “Project Spectrum is a great example of how the technology and expertise of SAP and TCS combined to create industry-leading solutions that assisted AGL to improve its business infrastructure and capabilities.”
Scott Hirst, Utilities Industry Lead, SAP Australia & New Zealand, added, “Project Spectrum is an outstanding example of AGL leveraging their SAP CRM and Billing solution as a platform to consolidate disparate systems and centralise customer data. SAP is pleased to recognise Project Spectrum for delivering real business outcomes, driving down costs and improving customer service.”
The strategic rationale for AGL’s Project Spectrum was to reduce application support costs, improve AGL cash flow, reduce operating costs as well as improve system stability and avoid expensive disaster recovery costs. Project Spectrum has resulted in a considerable return on investment for AGL.
Recognised as a world leading SAP Global Partner, TCS has extensive experience across the complete life cycle of SAP enterprise solutions. TCS provides consulting, end-to-end implementations, upgrades, and support services — assisting customers to enhance value from their SAP investments. TCS has received a number of awards for SAP projects in Asia Pacific, including a Partner Impact Award in May 2012, acknowledging the superior SAP HANA sales performance and SAP practice expansion in the region. SAP selects award winners from a highly competitive pool of submissions by an independent panel using judging criteria based on the company’s effective use of resources, ability to meet business objectives, and agility in adapting to changing market conditions.
About AGL
AGL is one of Australia’s leading integrated renewable energy companies and is taking action toward creating a sustainable energy future for our investors, communities and customers. Drawing on 175 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia’s largest retail energy and dual fuel customer bases. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is Australia’s largest private owner and operator of renewable energy assets and is looking to further expand this position by exploring a suite of low emission and renewable energy generation development opportunities. For more information, please visit http://www.agl.com.au
About Tata Consultancy Services
Tata Consultancy Services is an IT services, consulting and business solutions organisation that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognised as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 243,000 of the world’s best-trained consultants in 42 countries. The company generated consolidated revenues of US $10.17 billion for year ended March 31, 2012 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at http://www.tcs.com
TCS Media Contacts:
Global:
Email: pradipta.bagchi@tcs.com
Phone: +91-22-6778-9999
Europe / UK:
Email: abhinav.kumar@tcs.com
Phone +32-22821927
India:
Email: h.ramachandra@tcs.com / shamala.p@tcs.com
Phone: +91-22-6778-9078 / +91-22-6778-9081
USA / Canada:
Email: m.mccabe@tcs.com
Phone: +1-646-313-4594
Asia Pacific:
Email: sean.davidson@tcs.com
Phone: +65-9139-3668
Australia & New Zealand:
Email: alex.goldrick@tcs.com
Phone: +61-402-957-321
Source: Tata Consultancy Services

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November 7, 2012 at 10:03 am

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