Tata Consultancy Services signs £1.5 billion contract with UK’s NEST

Tata Consultancy Services (TCS) announced that it has expanded its partnership with UK’s National Employment Savings Trust (NEST). The deal that potentially covers 18 years is worth £1.5 billion (approximately $1.9 billion).

“The contract will be for a minimum term of 10 years, with an optional extension period of up to five years, and the option of an additional period of up to three years for exit. The total contract value is indicative and covers this potential 18-year period,” said an email from NEST, confirming the deal size and tenure to Business Standard.