TCS acquires Coastal Cloud for $700 million
after close1 source ↓written by the desknot a recommendation
- in cash
- $700 million
- in data center
- $6.5 billion
Tata Consultancy Services (TCS) has announced its largest acquisition to date, purchasing Coastal Cloud for $700 million in cash. This move aligns with TCS's strategy to enhance its Salesforce capabilities and advance its AI-led transformation agenda. The acquisition follows a commitment to invest $6.5 billion in data center capacity over six years, indicating a shift towards new business segments.
Not investment advice. For informational purposes only.