Tata Consultancy Services (TCS) has announced the acquisition of Pune-based Computational Research Laboratories (CRL), a wholly-owned subsidiary of Tata Sons, for a cash consideration of R188 crore.
The acquisition of CRL, a start-up focused in the area high performance computing (HPC) will enable the company to extend its suite of solutions and offer integrated HPC application and cloud services to large base of customers, TCS said in a statement to the stock exchanges on Thursday.
?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,? N Chandrasekaran, MD & CEO, TCS, said.
According to TCS, 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, visualisation and big data analysis across the business.
?CRL?s core strength in creating and managing HPC environment will enrich TCS? capabilities in infrastructure management, engineering and industrial services and strengthens the focus on creating cloud-based industry platforms,? TCS said.
TCS, India?s largest IT services company, provides a wide array of cloud-based services, which include the basic architecture, migration of existing technology to a cloud based offering and even providing software as a service under this model.
Recently, the company bagged a multi-year outsourcing deal from Scandinavian Airlines (SAS) where it will provide the finance and accounting platform for its operations across 30 countries through the cloud computing model. Similarly, it entered into an agreement with Savvis for implementing its banking solution BaNCS to be delivered through a cloud-based hosted environment for the North American market.
At a time when the Indian IT services companies are being challenged in the traditional linear model of labour arbitrage, a large number of them are trying to break this mould by aggressively adopting new technologies like cloud.