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).
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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.
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“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.
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