TCS acquires Pramerica Services Unit from Prudential

Tata Consultancy Services will acquire Pramerica Technology Services from insurance giant Prudential Financial. TCS and the Newark, NJ-based life insurer signed the agreement for the Letterkenny, Ireland-based tech-services business. No cash will change hands and TCS will absorb more than 1,500 Pramerica employees. The deal also allows TCS to expand its nearshore capabilities in Ireland, the UK, Europe and the United States. This is TCS’ second acquisition this year. 

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