TCS to buy tech startup CRL for Rs 188 cr

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TCS to buy tech startup CRL for Rs 188 cr

Reuters / 16 Aug 12 | 04:49 PM

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Tata Consultancy Services, India's top software services exporter, said it agreed to buy Computational Research Laboratories (CRL), a start-up group company, for 1.88 billion rupees.

TCS, which is a part of India's diversified Tata group, said the deal to acquire CRL, also owned by the Tatas, would boost its cloud computing services.