Indian software services firm Tata Consultancy Services Ltd. has entered into a strategic alliance with Cisco Systems Inc. (CISCO), the worldwide leader in networking, to develop and deliver information technology services.

Under the arrangement, TCS would build a new technology practice focused on Cisco's Industry-leading data centre networking security solutions.

Company officials said, Cisco and TCS are developing go-to-market solutions that meet the infrastructure and network requirements of global corporations.

In addition, both companies will invest in skills development and training labs to provide an end-to-end solution to meet customer requirements. The TCS and Cisco strategic alliance plan to focus initially on India and the mutual clients of the companies situated in U.S. and U.K market.

Apart from latest development, the companies also announced formation of a Cisco Technology Lab at the TCS Campus in Chennai, India.

The scrip of TCS settled the day at Rs 524 on BSE, up 2% compared to previous close of Rs 516.