Mega outsourcing deal between top ITs

Top Indian IT firms TCS, Wipro, and Infosys and global majors Accenture and IBM have landed a mega five-year outsourcing deal from the oil and gas major BP.

Earlier in the day, BP said the deal was part of its vendor consolidation strategy, where in it has reduced the number of vendors from 40 to just five. "The work covers IT application, development, and management." The process, it said, took over 12 months. "We had called for tenders worth USD 2 billion and have awarded deals worth USD 1.5 billion, saving USD 500 million."