TCS acquires Coastal Cloud for $700 million
after close1 source ↓written by the desknot a recommendation
- in Coastal Cloud
- 100% stake
- all-cash consideration
- $700 million
Tata Consultancy Services has signed a definitive agreement to acquire 100% stake in Coastal Cloud for an all-cash consideration of $700 million. This acquisition enhances TCS's Salesforce services and capabilities in AI-led consulting, enabling better customer engagement and enterprise transformations.
The deal is expected to strengthen TCS's position in the Salesforce ecosystem, potentially boosting revenue streams and market share in the consulting sector.
Not investment advice. For informational purposes only.