Tata Consultancy Services has announced that it has entered into a definitive agreement to acquire 100% equity of Computational Research Laboratories (CRL), a wholly-owned subsidiary of Tata Sons, for a cash consideration of Rs 188 crore (US $34 million).
The acquisition of CRL, a startup in the arena of High Performance Computing (HPC) solutions in India, will enable TCS to extend its suite of solutions and offer integrated HPC applications and Cloud services to its large base of customers.
HPC applications are finding increasing relevance and use among large enterprises, as they look to solve complex business problems like reducing their time-to-market. This is driving an increase in adoption of HPC-based applications for modeling, simulations, visualization and big data analysis across the business.
CRL earlier partnered with Force India Formula One team for an exclusive $3mn dollar partnership deal to offer a fully automated computational fluid dynamics (CFD) solution to aid the design of the team’s next-generation race cars as well improve aerodynamic efficiency in the current racing models. The Pune based startup also worked with SRK’s Ra.one to provide high end animations.
In 2007, CRL’s supercomputer, eka’ was ranked the 4th fastest in the world in November 2007, marking Indias presence in the Top500 list of supercomputers, being the first non-American supercomputer to break into top 5.