M&A

M&A

TCS to acquire US-based IT Services firm Coastal Cloud for $700-M

BSE Announcement   Business Standard  

Mumbai-based, publicly listed Tata Consultancy Services (TCS) is to acquire a 100 % stake in Florida, (USA)-based Coastal Cloud , a Salesforce Summit partner, for an all-cash consideration of USD 700 million (around INR 6,286 crore).Founded in 2012, Coastal Cloud is a multi-cloud Salesforce consulting firm specializing in enterprise-scale transformations. The company provides AI-led advisory and business consulting capabilities across Sales, Service, Marketing, Revenue, CPQ, Commerce, and Salesforce Data Cloud. Coastal Cloud also holds nominations on the Salesforce Partner Advisory Board. The acquisition adds over 400 professionals with more than 3,000 multi-cloud certifications to TCS.