TCS buys assets of Pramerica

Tata Consultancy Services (TCS) on Thursday said it has inked an agreement with Prudential Financial, Inc (PFI), under which the Indian firm will acquire over 1,500 employees and select assets of Pramerica Systems Ireland Ltd (Pramerica).

The move will help strengthen TCS’s delivery capability in Ireland, it said in a statement. Pramerica is PFI’s subsidiary based in Letterkenny, Ireland.