Mumbai: Tata Consultancy Services (TCS), a leading IT
services, consulting and business solutions firm, announced that it has entered
into a definitive agreement to acquire the 100 percent equity of Computational Research
Laboratories (CRL), a wholly-owned subsidiary of Tata Sons, for a cash consideration
of Rs188 crore.
The acquisition of CRL, a pioneering startup firm in the arena of high-performance computing (HPC) solutions in India, will enable TCS to extend its suite of solutions and offer integrated HPC applications and cloud services to its large base of customers.
HPC applications are finding increasing relevance and use among large enterprises, as they solve complex business problems such as reducing their time-to-market. This is driving an increase in adoption of HPC-based applications for modeling, simulations, visualisation and big data analysis across businesses.
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 core strength in creating and managing HPC environments enriches TCS's capabilities in infrastructure management, engineering and industrial services, and strengthens the focus on creating cloud-based industry platforms.
“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, MD and CEO, TCS.