Tata Consultancy Services is set to buy Salesforce consultancy Coastal Cloud for $700 million, a blockbuster exit announced Wednesday by growth-equity firm Sverica that caps a five-year push to scale the business. The deal tucks a U.S.-born Salesforce specialist into one of the world’s largest IT services providers and brings several hundred cloud experts under the TCS umbrella. The announcement came out of Austin, where Sverica maintains an office, even though Coastal’s home base is Palm Coast, Florida.
Deal details
Sverica Capital Management said it sold its Fund V portfolio company Coastal Cloud Holdings to Tata Consultancy Services for $700 million, calling the transaction the culmination of a five-year partnership. The firm’s announcement notes that Guggenheim Securities served as exclusive financial advisor and Choate, Hall & Stewart LLP served as counsel to Coastal. Sverica says it has been helping steer Coastal’s growth since its initial investment in June 2020, as per Sverica.
Why TCS is buying
Tata Consultancy Services said the acquisition will add more than 400 multi-cloud specialists and roughly 3,000 multi-cloud certifications to its Salesforce and AI advisory capabilities, strengthening the company’s U.S. footprint. In a press release, Tata Consultancy Services framed the move as part of a broader push to become an AI-first, agent-driven services provider and to climb into the top five global Salesforce consultancies. TCS said the purchase complements its October acquisition of ListEngage and will help connect Coastal’s mid-market customers to the larger company’s enterprise reach.
Scale and financials
Coastal’s consolidated turnover was about $132 million for the fiscal year ending December 2024 and roughly $141 million on a last-12-month basis through September 2025, according to Business Standard. The company lists nearly 400 Salesforce-skilled employees and says it serves more than 1,700 organizations, and it holds a top rating on the Salesforce AppExchange. Corporate profiles and filings identify Coastal as a 2012 Palm Coast, Florida-founded firm, details reflected in databases such as CB Insights.
Founders and Sverica’s role
Co-founders Sara and Tim Hale launched Coastal in 2012. Sverica invested in the business in June 2020 and says it helped the company expand go-to-market efforts, invest in data and AI, and scale without compromising its culture. Sverica’s announcement highlights the hiring of Eric Berridge as CEO two years ago as a key pivot that “solidified the platform” for the outcome, language included on Sverica. Both Sverica and Coastal leadership offered brief statements praising the partnership and the opportunity to plug into TCS’s global platform.
Regulatory review
The TCS release says the transaction is subject to customary conditions precedent and regulatory approvals, and both companies indicated they expect to complete the closing once those steps are satisfied. Tata Consultancy Services did not provide a firm closing date in its announcement. Market observers note that acquisitions of this size typically clear routine U.S. filings, but the exact timing will depend on the authorities handling any review.
What it means locally
For the Austin-area private-capital scene, the deal underscores how mid-market software and services businesses remain attractive targets for global buyers. Sverica maintains an Austin presence, with Jordan Richards listed as a managing partner in the city, signaling that local deal teams continue to shepherd companies from growth capital to sale, as stated by ExecAtlas. The transaction also reflects ongoing demand from large IT firms for U.S. Salesforce consultancies that bring both seasoned talent and dense mid-market customer relationships.
