Tata group-owned Tata Consultancy Services (TCS), the country's no. 1 IT company, has announced a strategic alliance with Microsoft India to launch Microsoft-TCS virtualization Center of Excellence (CoE) in Chennai.

The Microsoft-TCS virtualization CoE is a joint initiative by the companies to accelerate the adoption of virtualization technology in India.

According to an official release, the Microsoft-TCS virtualization CoE will deliver a heightened user experience that will help customers demystify Virtualization: migration from physical to virtual environments, user experience and performance, management of physical and virtual infrastructure from a single console.

It should be noted that Virtualisation is the creation of a virtual (rather than actual) version of something, such as an operating system, a server, a storage device or network resources, which helps companies in cutting costs and optimizing resources.

The shares of the company today closed at Rs 554 on BSE. The counter has made 52-week and low of Rs 560 and Rs 209 respectively.