Vishal Sikka, CEO and MD of Infosys makes its first major purchase after commanding the company’s giant. On Monday, Narayan Murthy (Founder of Infosys) annonuced its first aquisition. “Buys US Tech for $200 million cash deal to buy the New-Jersey based provider of automation technology Panaya, Inc., a provider of automation technology for large scale enterprise software management. The deal will be closed by the end of the current financial year.
Till now, the second biggest deal for Infosys is Panaya Deal, Previously they buy “Lodestone” in 34.5 million dollar. Panaya is the American’s automation company and apart from US, it also present in the Europe. Panaya’s technology is very beneficial for Infosys product, also meets with 1220 clients in 62 countries.
Panaya have clients like Coca-Cola, Unilever, volvo, Dolby, and Bosh. According to Infosys, Panaya’s Purchase reflects our renewal and new strategy.