TCS acquires Coastal Cloud for $700 million
pre-market1 source ↓written by the desknot a recommendation
- Coastal Cloud
- $700 million
- 400 employees
- revenue
- $132 million
TCS has acquired Coastal Cloud for $700 million, marking its second cloud-related acquisition in three months. Coastal Cloud, with 400 employees and $132 million revenue, enhances TCS's capabilities in data and AI services. This merger positions TCS among the top five Salesforce advisory firms globally, strengthening its market presence.
• Coastal Cloud specializes in platforms like Salesforce and Snowflake.
• The acquisition aligns with TCS's strategy to expand in cloud and AI sectors.
Not investment advice. For informational purposes only.