B.I.S.S. Research announces TCS enters for the 2007 Corporate Actions B.I.S.S. Accreditation

London - 24 January 2007

B.I.S.S. Research, the exclusive research company offering a unique benchmarking of services and systems in the financial services sector, today announced Tata Consultancy Services (TCS) is the latest vendor to enter their system into the 2007 Corporate Actions B.I.S.S. benchmarking.

Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said “ We are pleased that TCS as one of the worlds highest rated corporate actions vendors has once again entered their product into the B.I.S.S. Corporate Actions benchmarking. TCS has supported the benchmarking of corporate actions systems from the beginning and over the years has consistently proved their systems functionality under independent close scrutiny by the industry benchmarking panel. Year on year they have demonstrated their system to be one of the best around and in some functionality areas the panel has scored them as a leader. This years benchmarking has been upgraded with the bar raised even higher and this is going to make the achievement of the B.I.S.S. accreditation a more challenging task than ever. But I am sure that TCS will once again be proven a leading corporate actions vendor”

Mr. N. G. Subramaniam, the Vice President and Head of Banking Industry Practice said “TCS is pleased to participate in the B.I.S.S certification for the fifth consecutive year for our NCS Corporate Actions product. We have invested significantly in NCS and our Corporate Actions Engine has grown considerably over this period. We enjoy significant traction with the financial institutions. Participating in the B.I.S.S benchmarks gives us a different perspective and we are able to align to the industry requirements and this certainly helps us in differentiating our product”.

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