Leading IT services, business solutions and outsourcing firm Tata Consultancy Services (TCS) has bagged a five-year contract worth US$ 100 million to deliver end-to-end global IT application services to NXP Semiconductors.

Under the deal, TCS will provide high end consulting services as well as application management, development and support services across NXP’s supply chain operations.

Apart from this, TCS research and development teams will also develop innovative and specialist applications to deliver competitive advantage to NXP across all stages of the product cycle.

The deal will be implemented through multiple centers in India, Asia and the US which are part of TCS’ Global Network Delivery Model.

TCS will also support NXP’s entire technology infrastructure globally covering ERP, CRM applications in addition to the company’s portal-based applications.

Shares of the company gained Rs 25, or 3%, to settle at Rs 959. The total volume of shares traded was 440,147 at the BSE. (Thursday)