Friday, 24 April 2015

Infosys acquires Kallidus for US$120 m

The board approved the definitive agreement for an early-stage investment of USD 2 Million in Airviz, to acquire a minority share. 

Infosys Tech
Infosys Ltd has announced that the Board of Directors of the Company at its meeting held on April 24, 2015, inter alia, has transacted the following business :

Approved the definitive agreement to acquire Kallidus Inc. (d.b.a Skava) and its affiliate, for a consideration of USD 120 Million including a deferred component and retention bonus.
Approved the definitive agreement for an early-stage investment of USD 2 Million in Airviz, to acquire a minority share.
 
Approved the Transfer of the business of Finacle and EdgeServices to the Company’s subsidiary- EdgeVerve Systems Limited.

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