TCS bags $2.25 billion contract from Nielsen

India s leading IT exporter Tata Consultancy Services (TCS) has bagged a $2.25-billion outsourcing contract from Nielsen, a television rating measurement firm.The partnership, signed in October this year, is a renewal of TCS existing collaboration with Nielsen. The two companies had struck a 10-year deal in 2008 for $1.2 billion, which was expanded to $2.5 billion in 2013.Under the new deal, the terms of the agreement have been extended for an additional five years so as to expire on December 31, 2025, with three one-year renewal options granted to Nielsen, the TV rating company said in a regulatory filing to the US SEC."Nielsen has committed to purchase services from TCS from the Effective Date through the remaining term of the Agreement (the Minimum Commitment ) in the amount of $2.25 billion, including a commitment to purchase at least $320 million in services per year from 2017 through 2020, $186 million in services per year from 2021 through 2024, and $139.5 million in services in 2025," it added.