Big deal: TCS strikes its largest acquisition ever, buys Coastal Cloud for $700 million
Tata Consultancy Services (TCS) on Wednesday made its largest buyout since going public in 2004, agreeing to acquire technology consulting firm Coastal Cloud for $700 million in cash.
Significantly, the buyout comes less than three months after India’s largest IT services firm stated it would invest $6.5 billion over six years to build 1GW of data centre capacity, underscoring a new effort by the firm to explore new business segments.
