TCS to enhance Cloud offerings

TCS to enhance Cloud offerings

Tata Consultancy Services (TCS) has entered into a definitive agreement to acquire 100-per cent equity of Computational Research Laboratories (CRL),a wholly-owned subsidiary of Tata Sons, for a cash consideration of Rs.188 crore (US$34 million).

The acquisition of CRL will enable TCS to extend its suite of solutions and offer integrated HPC application and Cloud services to its large base of customers.
“CRL’s core capabilities in designing and building high-performance environments coupled with our strong focus on Cloud-based, domain-rich industry platforms makes TCS very relevant to address the customers’ growing requirement of HPC applications,” said N. Chandrasekaran, Managing Director & CEO, TCS.
About these ads

One thought on “TCS to enhance Cloud offerings

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s