Indian IT services company Tata Consultancy Services’ (TCS) acquisition of US-based consulting firm BridgePoint Group’s retirement platform services business will augment its financial services and insurance domain knowledge.
“TCS’ acquisition was focused on acquiring the BridgePoint team, as well as the intellectual property by the team in created connection with the retirement platform services business,” said Nilanjana Singh, a partner at AZB & Partners, the legal adviser to TCS on the acquisition.
The deal value is undisclosed and the acquisition was by way of an asset purchase and the hiring a few select employees of the Gainesville, Georgia-based BridgePoint. This was the second deal in two months by Mumbai-based TCS, a part of the Indian conglomerate Tata Group. In October, it had announced the acquisition of London-based W12 Studios, a digital design company.
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