Infosys on Friday announced the acquisition of Kallidus Inc, a US-based e-commerce tech solutions firm, in an all-cash, $120-million deal. The IT major also announced a minority stake buy in another US startup, Airviz, for $2 million. This is the second acquisition by Infosys in the last eight months since Vishal Sikka took over as CEO. The $200-million Panaya acquisition was the last.
On the acquisition, Sanchit Vir Gogia, chief analyst & CEO, Greyhound Research, said, “Infosys acquiring Kallidus for $120 million is a solid indication of the times moving forward. Its focus on m-Commerce is futuristic and promising. Visibility on plans to integrate acquired organisations is important. As per our analysis, similar acquisitions in the past for other firms have not always worked.”
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