Mumbai, August 16, 2012:Tata Consultancy
Services (TCS) (BSE: 523540, NSE: TCS), the leading IT
services, consulting and business solutions firm, announced
that it 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 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 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.
TCS' 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' 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.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services,
consulting and business solutions organization that
delivers real results to global business, ensuring a level
of certainty no other firm can match. TCS offers a
consulting-led, integrated portfolio of IT, BPO,
infrastructure, engineering and assurance services. This is
delivered through its unique Global Network Delivery
Model™, recognized as the benchmark of excellence in
software development. A part of the Tata group, India's
largest industrial conglomerate, TCS has over 243,000 of
the world's best-trained consultants in 42 countries. The
company generated consolidated revenues of US $10.17
billion for year ended March 31, 2012 and is listed on the
National Stock Exchange and Bombay Stock Exchange in India.
www.tcs.com.
For more information, please contact
Media
Email: Pradipta.bagchi@tcs.com
| h.ramachandra@tcs.com |
shamala.p@ tcs.com
Phone: +91 22 6778 9999
Investor Relations
Email: Kedar.shirali@tcs.com
Phone: +91 22 6778 9999
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