MINNEAPOLIS, Sep 14, 2010 (BUSINESS WIRE) -- SUPERVALU INC. (NYSE: SVU) today announced a strategic relationship with Tata Consultancy Services (TCS), resulting in the sale of SUPERVALU India to TCS. As an IT services, business solutions and outsourcing organization in Mumbai, India, TCS has a large global presence across 42 countries and a wealth of data and knowledge. This transaction with TCS will allow SUPERVALU to strengthen its overall business by operating more efficiently and effectively.
"For SUPERVALU, this move will allow us to improve operations, freeing up funds to invest more aggressively in our customers. It will also allow us to move more quickly toward business solutions," said Wayne Shurts, SUPERVALU's chief information officer. "We have many talented associates at SUPERVALU India, and an added benefit of this arrangement is that they will continue to play a key role in the future success of the company."
"The engagement with SUPERVALU reinforces our global leadership as the long-term IT partner best equipped to help our customers transform their businesses using our full services capabilities and domain knowledge. We are delighted to work with SUPERVALU and to help them strengthen their leadership position in the market place," said N Chandrasekaran, CEO and MD, TCS.
SUPERVALU India was formed in 2007 and provides a variety of IT infrastructure, applications and business and corporate services for the company. As part of the agreement, more than 600 SUPERVALU India associates will become part of TCS. The sale of SUPERVALU India to TCS is expected to be completed by October 2010.
About SUPERVALU INC.
SUPERVALU INC. is one of the largest companies in the U.S. grocery channel with estimated annual sales of $38 billion. SUPERVALU serves customers across the United States through a network of approximately 4,270 stores composed of approximately 1,160 traditional retail stores, including 820 in-store pharmacies; 1,190 hard-discount stores, of which 870 are operated by licensee owners; and 1,920 independent stores serviced primarily by the company's traditional food distribution business. SUPERVALU has approximately 154,000 employees. For more information about SUPERVALU visit http://www.supervalu.com.
SOURCE: SUPERVALU INC.
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