RICHMOND, Va., May 15, 2012 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced that Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) is the recipient of its 2011 Strategic Supplier Partnership Initiative (SSPI) award. The award recognizes key suppliers that show commitment to embodying Genworth values and demonstrating innovation, continuous improvement and cost performance.
TCS is a leading IT services, consulting, and business solutions organization and one of the top 10 technology firms in the world. TCS provides Genworth a broad range of application development and 24x7 technical support services across key administration platforms globally. TCS also provides strategic thought leadership across many key business and technology initiatives by leveraging its deep Insurance domain expertise and its investments into new and innovative technologies. TCS is one of Genworth's largest services providers and recently celebrated 15 years of partnering together.
"TCS has earned an enterprise-wide reputation from Genworth for delivering technology services and solutions that drive business value and results. We applaud TCS for having consistently demonstrated thought leadership and agility in meeting Genworth's strategic priorities from consulting on retail care coordination applications to helping support our formulation of a Global Mortgage Insurance IT support strategy" says Lance Davis, Genworth Senior Vice President, Finance Shared Services.
"Receiving Genworth's Strategic Supplier award is an honor and tribute to the quality of work we do for them," said Suresh Muthuswami, President, Insurance and Healthcare Group at TCS. "This award is a testament to the strength of our 15+ year relationship with Genworth across the globe, and to our commitment to delivering strategic and innovative services to help our Insurance clients operate their business with greater efficiency and agility."
"The partnership between TCS and Genworth has excelled because of the shared values and strength of purpose that our two companies have. The dedication and hard work of our teams, our innovative solutions and our global reach has enabled us to deliver on our promise of Experience Certainty," said Srikant Venkatesh, Client Partner, TCS-Genworth.
The finalists for the SSPI award were SIRVA Relocation, IBM Corporation, and Marsh & McLennan Companies subsidiaries, Marsh and Mercer.
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families and futures. Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement -- including life insurance, long term care insurance, financial protection coverages, and independent advisor-based wealth management -- and mortgage insurance that helps consumers achieve home ownership while assisting lenders in managing their risk and capital.
Genworth has approximately 6,400 employees and operates through three divisions: Insurance and Wealth Management, which includes U.S. Life Insurance, Wealth Management and International Protection segments; Global Mortgage Insurance, which includes U.S. and International Mortgage Insurance segments; and the Corporate and Runoff division. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, Inc., which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit genworth.com. From time to time, Genworth Financial, Inc. releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of genworth.com
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India's largest industrial conglomerate, TCS has over 238,500 of the world's best-trained consultants in 42 countries. The company generated consolidated revenues of US $10.17 billion for year ended March 31, 2012 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at http://www.tcs.com.
SOURCE Genworth Financial, Inc.
Media: Tom Topinka, +1-804-662-2444, email@example.com