Infosys on Monday announced the acquisition of US-based software automation technology firm Panaya for $200 million in an all-cash deal. This is the software major’s first acquisition after Vishal Sikka took over as the CEO in August last year. Panaya is being seen as a fit for Sikka’s strategy of “renew and new” aimed at enhancing competitiveness and productivity by leveraging technologies of automation, innovation and artificial intelligence.
Sanchit Vir Gogia, chief analyst, Greyhound Research, believes the mid-size acquisition allows Infosys to onboard the new IP without problems and also that the two teams should be able to easily integrate. With clear benefits on automation, Panaya brings with it a differentiation in the testing services space, otherwise a manual process for many service providers.
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