TCS eyes 1,000 customers for 'iON' by year-end

22 Mar 2011 Evaluate

Tata Consultancy Services (TCS) plans to ramp up its customer base for its product meant for Small and Medium Business (SMB) to more than 1,000 by the end of current year. This is in line with its plans to generate $1 billion revenue in the next five years from its newly-launched IT solutions product ‘iON’.

Based on pay per use model, TCS rolled out its fully integrated IT solutions for SMB using scalable cloud computing technology last month. It aims to address the entire SMB technology needs ranging from HR, Finance and inventory. There is a huge potential in country’s SMB segment which is spending three times more than what large companies spend on IT. The total domestic IT market was likely to grow to $48.5 billion by 2015 from $11.9 billion in 2010. The key market for TCS to tap SMB potential will be several states such as Tamil Nadu, Gujarat, West Bengal, Punjab, Haryana, NCR, Karnataka and Andhra Pradesh.crackcrack

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