Tata Consultancy Services (TCS) announced that it 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, a pioneering start-up firm in the arena of High Performance Computing solutions in India, 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, MD and CEO of TCS.
High Performance Computing (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 adoption of HPC based applications for modeling, simulations, visualization and big data analysis across the business.