Microsoft buys 10% in TCS China venture
Microsoft Corp. has bought a 10 percent stake in a Chinese venture that is majority owned by Tata Consultancy Services Ltd., a senior TCS official said on Thursday.
Country’s top software services firm will hold 65 percent in the venture, which will be named TCS China. Three Chinese partners — Uniware Co Ltd and two software parks — will hold the remaining 25 percent.
The venture, which was first announced in June 2005, has a total investment of $14 million, Girija Pande, head of TCS in Asia Pacific, told reporters.
TCS set up operations in China in 2002 and has more than 25 clients there. Its Chinese operations will be merged with the new venture, which will have its headquarters in Beijing.
TCS China expects to raise its headcount to 5,000 over the next five years, up from 600 now, Pande said.
Rivals Infosys Technologies Ltd. and Satyam Computer Services Ltd. are also scaling up operations in China’s small but fast-growing software services market.
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