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Announced

TCS to acquire Pramerica Systems from Prudential Financial.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Software

technology solutions

software applications

Ireland

business solutions

Pending

Cross Border

Acquisition

Majority

Private

Private Equity

Synopsis

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Tata Consultancy Services, an Indian multinational information technology services and consulting company, agreed to acquire Pramerica Systems, a developer of software applications, from Prudential Financial. Financial terms were not disclosed. The deal deepens the Indian IT giant’s relationship with a key client and expands its foothold in Ireland and Europe. Pramerica staff will continue to provide a range of digital and technology services to Prudential.

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