TCS Acquires Coastal Cloud for $700M to Become Top 5 Salesforce Advisory Firm Globally

Tata Consultancy Services has officially executed a Securities Purchase Agreement and Plan of Merger to acquire 100% stake in Coastal Cloud Holdings, LLC and its subsidiaries for an all-cash consideration of $700.00 million. The Board of Directors approved the transaction at their meeting held on December 10, positioning TCS among the top 5 Salesforce advisory and consulting firms globally while strengthening its strategic positioning to drive AI-first, agent-driven transformation.

Transaction Structure and Regulatory Details

The acquisition will be executed through ListEngage MidCo, LLC, a wholly-owned subsidiary of TCS in the USA. To consummate the transaction, ListEngage will simultaneously incorporate two wholly-owned subsidiaries in the USA.

Transaction Parameter:	Details
Enterprise Value:	Up to $700.00 million
Payment Structure:	All cash consideration with upfront and deferred payments
Shareholding Acquired:	100%
Expected Completion:	By January 31, 2026
Regulatory Approval:	Hart-Scott-Rodino antitrust (HSR) approval in USA
Board Meeting Duration:	5:30 PM to 6:20 PM on December 10

Coastal Cloud's Business Profile and Performance

Founded in December 2012 and based in Florida, Coastal Cloud is a Salesforce Summit Partner and Salesforce Ventures portfolio company. The firm offers consulting, implementation and managed services across multiple Salesforce clouds including Service Cloud, Sales Cloud, Marketing Cloud, Revenue CPQ Cloud, and Commerce Cloud.

Financial Performance:	Revenue (USD Million)
FY22:	$114.00 million
FY23:	$119.00 million
FY24:	$132.00 million
Last Twelve Months (Sept):	$141.00 million
Workforce:	Nearly 400 Salesforce skilled professionals

Strategic Impact and AI Capabilities

Coastal Cloud brings strong Data AI expertise offering implementation and integration of Agentforce, Salesforce Data Cloud, Snowflake, Mulesoft and Tableau. The company has nominations on Salesforce Partner Advisory Boards, enabling them to shape product innovations and develop services for new launches.

Combined with TCS's October acquisition of ListEngage, another Summit Partner, TCS will add over 400 seasoned professionals with more than 3,000 multi-cloud certifications. This positions TCS to deliver AI-led advisory and business consulting capabilities across verticals globally.

Leadership and Market Positioning

Eric Berridge, CEO of Coastal Cloud and a proven Salesforce veteran, will strengthen TCS's leadership in propelling the next phase of growth for their Salesforce practice alongside Altaf Shaikh from ListEngage. The acquisition provides TCS access to mid-market customer segments and enables synergies across both companies' customer bases.

Aarthi Subramanian, Chief Operating Officer at TCS, described this as "a pivotal milestone in advancing our global Salesforce capabilities and accelerating our AI-led transformation agenda," reinforcing TCS's vision of becoming the world's largest AI-led Technology Services company.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.25%	-3.14%	+2.19%	-7.39%	-22.91%	+10.21%

Tata Consultancy Services (TCS), one of India's largest IT services companies, witnessed a significant block trade on the National Stock Exchange (NSE). The transaction involved 209,205 shares of TCS, valued at approximately Rs. 68.06 crores.

Block Deal Details

Parameter	Value
Number of Shares	209,205
Total Value	Rs. 68.06 crores
Price per Share	Rs. 3,253.10

This block trade represents a substantial institutional or bulk trading activity in TCS shares. Block deals are typically large-scale transactions between two parties, often conducted outside the open market to avoid significant impact on the stock price.

Significance of the Trade

The execution of such a large trade could indicate:

Institutional Interest: The scale of the transaction suggests involvement of institutional investors, which may be seen as a sign of confidence in the company.
Market Liquidity: The ability to execute a trade of this size demonstrates the liquidity and depth of the market for TCS shares.
Potential Strategy Shifts: Large block trades can sometimes indicate changes in investment strategies or portfolio rebalancing by major shareholders.

It's important to note that while this block deal is significant in terms of its size, it does not necessarily indicate any fundamental changes in TCS's business operations or performance. Investors and market watchers may want to monitor for any subsequent disclosures or announcements that could provide context for this transaction.

As one of the flagship companies of the Tata Group and a key player in the Indian IT sector, TCS continues to attract attention from both domestic and international investors. The company's performance and stock movements often serve as indicators for the broader Indian IT industry and the stock market as a whole.