TCS has a marketing and distribution tie-up with Unigraphics, a $500-million company with market capitalisation of over $1 billion. Unigraphics has to its credit clients like Pratt & Whitney, Israeli Aircraft Industry, GE Aircraft, Bell Helicopters and Turkish Aerospace.

TCS CEO S Ramadorai, said that the deal was bagged after a long and stringent evaluation parameters specified by HAL. Responding to a query on whether the US government had any problems with the transfer of this technology to a defence-related project, Tim Norman, managing director, Unigraphics, said that there was no restriction on HAL. However, the US government would have been queasy if any organisation involved with either ballistic missiles or atomic research was involved.

Unigraphics also announced the launch of version 16 of Unigraphics in India. The company said that "UG V16 marks the introduction of predictive engineering, a rich set of technologies that incorporates proven engineering practices and product life cycle knowledge into the product development environment."

New management software next month
TCS will introduce a new product aimed at improving efficiency in the banking sector. "We will launch the activity-based management system for banks first and follow it up with other segments of industry like healthcare and telecom," executive vice-president of TCS, S Mahalingam told reporters in Chennai on Wednesday.

This is part of the Rs 1,700-crore company's efforts to ramp up revenues from products to 30 per cent of their total turnover from the present level of 10 per cent, he said, adding that projects and services would account for the remaining.

--PRESS TRUST OF INDIA