NetSol Technologies has announced that it has signed a three-year, multimillion-dollar contract with TCS Private Ltd., Pakistan’s leading express and logistics provider, to develop a customized operations management IT solution.
The new solution will serve as the IT backbone for several of TCS’ core business divisions in Pakistan.
Under the terms of the contract, while NetSol will retain the global rights to market the logistics solution outside of Pakistan, both partners may later engage in a global joint venture leveraging NetSol’s technological expertise and TCS’ logistical domain and business process reengineering expertise.
NetSol will also remain the preferred technology partner for any new IT projects or functionalities initiated by TCS during the contract period.
A total of 20 domestic and international IT companies bid on the project. TCS chose three top contenders during the first stage of the selection process and ultimately decided to engage NetSol.
Operating over 3,500 locations worldwide, TCS (http://www.tcscouriers.com) handles approximately 100 million shipments per year for 6,600 corporate clients and thousands of retail customers.
Within Pakistan, TCS operates from over 1,800 locations and 422 state-of-the-art retail outlets utilizing dedicated chartered aircraft, including Boeing 727 and 737 airliners, as well as 225 satellite-tracked vehicles and 3,000 bicycle couriers.