With $120 Mn Kallidus Inc Buy, Infosys Invokes The ‘Cloud Messenger’

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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.”

To read the Full Article, click here: The Financial Express

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