Tata Consultancy Services partners with Envestnet Data and Analytics

The partnership will deliver a holistic data platform that aims to transform client experiences across business segments. 

Partnering with Envestnet Data and Analytics 

Tata Consultancy Services (TCS) has partnered with Envestnet Data and Analytics as the latter expands its technology ecosystem, embraces cloud-first data architectures, and continues to bring comprehensive financial wellness solutions more efficiently to its clients.

The partnership with TCS will see both firms collaborate on transformative market opportunities, and co-innovate to bring insights and products that will help global financial institutions deepen client relationships and deliver greater lifetime value. In addition to expanding its core platform and cloud-enabling its data estate, TCS will leverage its cloud capabilities and Machine First approach to enhance Envestnet D&A’s technology infrastructure, streamline operations, and increase product innovation.

This partnership will deliver a holistic data platform that aims to transform client experiences across banking, payments, lending and wealth products, enable users to augment current data sets with new data from alternate sources and create insights for potential new portfolio strategies.

Stock price movement 

On Wednesday, the stock opened at Rs 3242.55 and touched a high and low of Rs 3261.20 and Rs 3212.10 respectively. The BSE group 'A' stock of face value of Rs 1 has touched a 52-week high and low of Rs 3835.50 and Rs 2926.00, respectively. Last one week high and low of the scrip stood at Rs 3389.70 and Rs 3210, respectively. The current market cap of the company is Rs 11,77,592.50 crore.

The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 22.25% and 5.45% respectively.

Company Profile 

Tata Consultancy Services is the flagship company and a part of the Tata Group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive-powered, integrated portfolio of business, technology and engineering services and solutions.