TCS to acquire Coastal Cloud for $700 million in all-cash deal
IT major Tata Consultancy Services ( TCS) has announced that it will acquire a 100% stake in Coastal Cloud for an all-cash consideration of $700 million (nearly Rs 6,286 crore).
The news comes a few weeks after the company’s deal with private equity group TPG, which is investing up to $2.1 billion (Rs 18,000 crore) cumulatively.
The deal with Coastal Cloud, which is a Salesforce consulting firm that offers AI-led advisory and business consulting services, further expands TCS’s capabilities.
The acquisition will drive TCS’s growth in the mid-market customer segment. In October, TCS announced its acquisition of US-based ListEngage during its second-quarter earnings call. This is a strategic investment aimed at enhancing TCS’s Salesforce practice and boosting its agentic AI capabilities.
To be updated
The news comes a few weeks after the company’s deal with private equity group TPG, which is investing up to $2.1 billion (Rs 18,000 crore) cumulatively.
The deal with Coastal Cloud, which is a Salesforce consulting firm that offers AI-led advisory and business consulting services, further expands TCS’s capabilities.
The acquisition will drive TCS’s growth in the mid-market customer segment. In October, TCS announced its acquisition of US-based ListEngage during its second-quarter earnings call. This is a strategic investment aimed at enhancing TCS’s Salesforce practice and boosting its agentic AI capabilities.
To be updated
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