Tata Consultancy Services (TCS), an Indian IT services company, has received a deal from Bane NOR, a Norwegian government agency, to offer managed cybersecurity services. The deal’s total duration and value were not disclosed. TCS will provide Bane NOR with identity governance and administration, access management, identity life cycle management and application management operations. The services are part of TCS’s Cyber Defense Suite, which aims to enhance a company’s IT infrastructure security using data analytics and process automation.
TCS will handle on-premise and multi-cloud infrastructure for Bane NOR while also managing data security compliance and constant risk assessment tasks for the agency. Bane NOR is responsible for maintaining, developing and operating Norway’s railway system. TCS will be responsible for handling data and infrastructure for train operators, partners and employees.
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This is TCS’s first disclosed global deal in FY24, following the closing of the March quarter of FY23. Industry experts predict a slowdown in revenue growth pace for the domestic IT industry after three years of double-digit growth, due to macroeconomic conditions and a slowdown in discretionary tech spending across industries. However, the current financial year is expected to see a larger number of overall deals.