Tata Consultancy Services (TCS) announced on Wednesday that the company has acquired the US-based management consulting firm named BridgePoint that provides services to the financial services industry. This is the second acquisition made by the company within a month.
Earlier the same month, TCS had acquired a digital design studio by the name W12 Studios to enhance the digital marketing services of the company.
The Mumbai-based company, after the acquisition, will be able to enhance its insurance and financial services domain. The BridgePoint Group, with specialisation in retirement services, currently offers its services for growth, customer experience, business agility, and technology transformation.
Financial details of the deal were, however, not disclosed. After completion of the deal, the full management team as well as the main experts of the company, will move to TCS.
TCS is currently partnered with eight top institutions that are involved in insurance, finance, and banking to offer retirement services all over the world.
Source: LiveMint and Money Control