Mumbai: India's biggest IT consultancy, Tata Consultancy Services (TCS), has boosted its Cloud offering with a definitive agreement to acquire 100% of the equity of Computational Research Laboratories (CRL), a Pune-based start-up, for $34 million in cash.
CRL, a pioneering start-up firm in the arena of High Performance Computing (HPC) solutions in India, is a wholly-owned subsidiary of Tata Sons.
TCS says the acquisition will enable it to extend its suite of solutions and offer integrated HPC applications and Cloud services to its large base of customers.
TCS argues that HPC applications are finding increasing relevance and use among large enterprises, as they look to solve complex business problems like reducing their time-to-market. This is driving an increase in the adoption of HPC-based applications for modeling, simulations, visualization and big data analysis across the business.
TCS says its global base of customers across industries such as 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' capabilities in infrastructure management, and 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 of TCS.