TCS Acquires Coastal Cloud for $700 Million

Tata Consultancy Providers Ltd. (TCS) mentioned it has signed a definitive settlement to accumulate 100% stake in Coastal Cloud, a U.S.-based Salesforce Summit agency that specialises in Salesforce Consulting for all-cash consideration of $700 million.

Based in 2012, Coastal Cloud is a multi-cloud Salesforce consulting agency, specialising in enterprise-scale transformations. They convey AI-led advisory and enterprise consulting capabilities to assist clients reimagine Gross sales, Service, Advertising and marketing, Income, CPQ, Commerce and Salesforce Knowledge Cloud. As a Salesforce Summit Companion, Coastal Cloud excels in constructing deep buyer relationships and partnerships.

Coastal Cloud additionally has nominations on the Salesforce Companion Advisory Board which allows them to form product improvements and develop the providers required to assist new launches.

It’s led by Eric Berridge, a confirmed Salesforce veteran who has constructed and scaled category-leading Salesforce providers ventures. Salesforce Ventures has been a strategic investor on this agency.

Aarthi Subramanian, Chief Working Officer, Tata Consultancy Providers, mentioned, “This acquisition marks a pivotal milestone in advancing our international Salesforce capabilities and accelerating our AI-led transformation agenda. It’s one other vital step in the direction of realizing TCS’s imaginative and prescient of turning into world’s largest AI-led Know-how Providers firm. By including over 400 multi-cloud specialists with deep trade experience, we’re strengthening our advisory and enterprise consulting capabilities and enhancing our AI and knowledge choices.”

“We’re delighted to welcome the Coastal Cloud workforce to TCS household. Eric, along with Altaf Shaikh from ListEngage will strengthen our management in propelling the subsequent section of development for our Salesforce follow,” he mentioned.

Eric Berridge, CEO, Coastal Cloud, mentioned, “That is an thrilling new chapter for Coastal Cloud, and becoming a member of TCS allows us to serve our clients’ evolving wants with even larger depth, pace, and scale. Our workforce’s Salesforce and multi-cloud experience, mixed with TCS’ international attain, superior AI capabilities and enterprise scale options, will enable us to assist clients throughout a broader spectrum of transformation wants.”

Vikram Karakoti, International Head, Enterprise Options, Tata Consultancy Providers, “Coastal Cloud’s multi-cloud capabilities strongly complement TCS’ present Salesforce power, and along with ListEngage’s experience, we’re poised to construct a world-class Salesforce follow to ship full-stack, customized options globally. These two acquisitions broaden our geographic presence, deepen our sector capabilities, and considerably strengthen our expertise pool, giving us confidence to fulfill our aspirations and assist purchasers’ agendas in a quickly evolving know-how panorama.”

“TCS stays totally dedicated to our present clients, guaranteeing continuity, consistency, and excellence in service supply,” he added.