IT bellwether, Tata Consultancy Services (TCS) on Wednesday said it has signed a multi year agreement to accelerate hospitality firm, Hilton Worldwide's technology strategy, as part of the 'Hilton Worldwide Innovation Collaborative' initiative. The Innovative Collaborative initiative aims to evolve Hilton Worldwide's technology infrastructure and accelerate innovation across the company's portfolio of ten brands, TCS said in a filing on the Bombay Stock Exchange.
However, the company did not disclose the financial details of the agreement. "This relationship confirms our leadership position as the long term IT partner best equipped to help global corporations transform their businesses using our full service capabilities and domain knowledge," TCS CEO & MD N Chandrasekaran said.
TCS will leverage its extensive experience on large transformational initiatives and modernising legacy systems, to help develop a platform that keeps Hilton Worldwide at the forefront of the business and technology landscape.
TCS will manage Hilton Worldwide's corporate suite of applications in the areas of property information management, learning management, quality assurance, business intelligence, financial systems and intranet applications.
"As a partner in our Innovation Collaborative, TCS has demonstrated its commitment to help us meet our business objectives and continues to deliver world class services," Hilton Worldwide Chief Information Officer, Robert Webb said.
Hilton Worldwide is a leading global hospitality company and its properties range from luxurious full service hotels and resorts to extended stay suites and mid priced hotels. Its brands comprise more than 3,600 hotels and 6,00,000 rooms in 82 countries and include the Waldorf Astoria Hotels and Resorts, Conrad Hotels and Resorts, Hilton Hotels and Resorts, Doubletree, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations.
Shares of TCS were being quoted at Rs 1,140.95 in early trade on the BSE on Wednesday, down 1.59% from the previous close.