Tata Consultancy Services (TCS) has entered into a definitive agreement to acquire 100% 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 supercomputing solutions in India, will enable TCS to extend its suite of solutions and offer integrated supercomputer applications and Cloud services to its large base of customers.
Supercomputer 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 supercomputing-based applications for modeling, simulations, visualization and big data analysis across the business.
TCS’ global base of customers across multiple industries including automotive, aerospace and energy are investing in the use of supercomputer applications and services. CRL’s core strength in creating and managing supercomputing 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.