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India's TCS to buy tech startup for $34 mln

Source : REUTERS
Last Updated: Thu, Aug 16, 2012 10:51 hrs

Aug 16 (Reuters) - Tata Consultancy Services Ltd, 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 ($33.7 million).

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. ($1 = 55.7500 Indian rupees) (Reporting by Aradhana Aravindan in MUMBAI; Editing by Jijo Jacob)

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