TCS receives Innovation Award from Ferrari

Mumbai: Tata Consultancy Services, India's leading IT services, business solutions and outsourcing firm today announced that it has received the Innovation Award from Ferrari for its ability to use technology services to spur innovation in one of the most competitive and technologically advanced arenas of automobile engineering.

Stefano Domenicali, Ferrari racing department director, along with seven-time F1 world champion Michael Schumacher presented the innovation award to TCS officials.

The citation for the Innovation Award highlights the innovation provided by team TCS and ability to work closely with the Ferrari in a model of collaboration and cultural integration. ''TCS has won the Innovation Award for their zeal and proactive attitude, the excellent involvement in the activities of design and the contribution in the selection of IT technologies supporting innovation. Tata Consultancy Services (TCS) is an outstanding example of technological leadership and a model of cultural integration and exchange'', said Mario Almondo, operations director of Scuderia Ferrari.

S Ramadorai, chief executive officer and managing director, TCS said, ''This is no ordinary recognition. We are delighted that TCS' ability to innovate and help Ferrari dominate the Formula One racing has been recognised by Ferrari.'' 

 ''The F1 car is the most advanced automobile in the market and this award is a tribute of the work of our team of engineers who are helping as a seamless unit with the engineering and technology team from Ferrari,'' he added.

Tata Consultancy Services is an IT services, business solutions and outsourcing organisation that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services. The company's unique Global Network Delivery Model is recognized as the benchmark of excellence in software development. 

A part of the Tata Group, India's largest industrial conglomerate, TCS has over 111,000 of the world's best trained IT consultants in 50 countries. The company generated consolidated revenues of US $5.7 billion for fiscal year ended 31 March 2008 and is listed on the National Stock Exchange and Bombay Stock Exchange in India.