TCS agrees to buy Coastal Cloud for $700m

Core Insights - Tata Consultancy Services (TCS) has agreed to acquire Coastal Cloud, a Salesforce consulting firm, for $700 million in cash, gaining full ownership of the company [1] - Coastal Cloud specializes in Salesforce consulting services for enterprise-scale transformations across various sectors and has a team of over 400 professionals with more than 3,000 multi-cloud certifications [2] Company Overview - Coastal Cloud was established in 2012 and is recognized as a Salesforce Summit Partner, participating in the Salesforce Partner Advisory Board [2] - The company provides advisory and business consulting in areas such as sales, service, marketing, revenue, CPQ, commerce, and Salesforce data cloud [2] Strategic Implications - The acquisition is expected to enhance TCS's global Salesforce advisory and business consulting capabilities, increasing access to the mid-market customer segment [3] - TCS aims to build a world-class Salesforce practice by combining Coastal Cloud's multi-cloud capabilities with the expertise of ListEngage, another recent acquisition [4][5] Future Plans - TCS plans to continue pursuing acquisitions aligned with its strategic focus areas, including AI, cloud, cybersecurity, digital engineering, and enterprise solutions [4] - The completion of the acquisition is subject to regulatory reviews and standard closing requirements [6]