Prudential Financial, Inc. (NYSE: PRU) and Tata Consultancy Services (“TCS”) announced that they have entered into a strategic relationship related to Pramerica Systems Ireland Ltd. (“Pramerica”), Prudential’s Ireland-based business and technology solutions provider.
Under the transaction, a majority of Pramerica employees in Ireland will become employed by TCS, whereby TCS will continue to service and support Prudential under a multiyear services arrangement. Pramerica will remain a wholly owned subsidiary of Prudential.
Prudential will retain the Pramerica Ireland entity, which will continue to operate from Letterkenny and will focus on providing regional business services, reporting under its global asset manager, PGIM.
This relationship is consistent with Prudential’s transformation process, including ongoing initiatives to optimize its technology and investment footprint.
TCS is a leading IT services, consulting and business solutions organization with a strong commitment to the Northwest of Ireland as well as its continued relationship with Prudential.
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