TCS to extend offerings on Cloud with acquisition of Pune-based CRL for $34M
IT service provider Tata Consultancy Services (TCS) has acquired Pune-based Computational Research Laboratories(CRL), a wholly owned subsidiary of Tata Sons, for a cash consideration of Rs 188 crore ($34 million).
CRL is a six-year-old firm owned by the privately held holding company of the multi-billion dollar Tata Group. It offers a spectrum of high performance computing (HPC) solutions and services, from Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Solutions as a Service (SaaS) to domain-specific HPC consulting services.
The acquisition of CRL will enable TCS to extend its suite of solutions and offer integrated high performance computing (HPC) application and Cloud services to its 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 and CEO, TCS.
HPC applications are finding increasing relevance and use among large enterprises, as it seeks to solve complex business problems like reducing the time-to-market. TCS's global base of customers across multiple industries including automotive, aerospace and energy are investing in the use of HPC applications and services.
CRL's strength in creating and managing HPC environments enriches TCS capabilities in infrastructure management, engineering and industrial services and strengthens the focus on creating cloud-based industry platforms.
(Edited by Prem Udayabhanu)