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Tata Consultancy to Modernize Canada Life's IT Infra Services Across European Businesses

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Tata Consultancy Services (NSE:TCS, BOM:532540) has signed a multi-year deal with Canada Life to modernize its IT infrastructure services across European businesses, according to a Monday filing on Indian bourses.

Under the agreement, TCS will manage and modernize Canada Life's data centers, core infrastructure, end-user computing and software lifecycle systems using its AI and digital capabilities, the filing said.

The program is aimed at improving operational resilience, increasing automation and supporting the Canadian insurer's broader technology modernization strategy, it added.

The company's shares fell 2% in recent trade.

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