HCL Tech, TCS in fray to clinch $100-mn IT outsourcing deal from Fonterra

Fonterra is New Zealand's largest firm with an annual revenue of more than NZ 20 billion

HCL Technologies (HCLT) and Tata Consultancy Services (TCS) are leading the race for bagging an IT outsourcing deal worth $100 million from New Zealand-based dairy cooperative Fonterra Co-operative Group. 

According to sources, the contract is currently being serviced by DXC Technology and Datacom. “Fonterra has been evaluating various options to replace the current vendors and Indian providers like TCS and HCLT are leading the race,” multiple persons with knowledge of the development said. The contract with a tenure of five years, encompasses application development, maintenance and back office support with an aim of helping the cooperative with digital transformation.