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Our Bureau

A multi-million dollar deal, says Executive V-P

Mumbai , July 31

Tata Consultancy Services has entered into an agreement with Sequenom, a US-based company, to develop software solutions for the latter.

Sequenom is a Nasdaq-listed company that provides genetic analysis products.

"It is a multi-million dollar deal," said Dr M. Vidyasagar, Executive Vice-president and Head, Advanced Technology Centre, TCS, at a news conference on Monday. He did not specify the size of the contract.

The advanced technology centre is based in Hyderabad and houses the life sciences R&D division.

The project indicates the acceptance of TCS in the life sciences and pharmaceuticals sectors, said Mr S. Ramadorai, CEO and Managing Director.

The company is also in discussions for other follow-up projects, said Dr Vidyasagar.

The Sequenom project would be completed over 12 months.

"The emerging genetics and life sciences sectors present a significant growth opportunity for TCS as it helps us leverage the innovation embedded in the organisation," said Mr Ramadorai.

All developments under the agreement will utilise modern development practices and conform to the relevant US Food and Drug Administration regulatory standards, said a company statement.

The software to be developed will provide components that provide access to public and private life sciences databases, integration of bio-informatics and computational biology tools within the framework and enable design and execution of workflows.

"Sequenom will not own the database," Dr Vidyasagar added. TCS's software package, Bio-Suite, would be integrated within the framework. The TCS scrip closed at Rs 936, higher than the previous close of Rs 928, on the BSE on Monday.

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