The best replacement for tfs 2012 is git.

The best alternatives to tfs 2012 are rated as following:
★★★★★  git
★★★★  svn
★★★  teamcity

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Speaking about tfs 2012, one probably shouldn't forget about visual studio 2008.

Other search terms related to tfs 2012 and their ratings are:
★★★★★ visual studio 2008
★★★★★ vs 2010
★★★★ visual studio 2013
★★★ visual studio 2005
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tfs 2012
git
svn