Infosys with strong financial results is all set to make second significant acquisition of the year. It has recently made it clear through an announcement that a deal to buy digital e-commerce services provider Kallidus for $120 million. It also made a $2 million investment in an air monitoring startup.
With Kallidus deal Infosys is buying the holding group behind Skava. It had revealed the acquisition of enterprise resource planning (ERP) software company Panaya for $200 million in February. The San Francisco based company provides a cloud based platform that powers a range of online service for retailers like mobile wallets, web stores, apps and others. This is high in demand and offers users a common platform to avail their daily usage products.
“The Skala platform enables retailers to provide a mobile specific experience to their customers through an agile and flexible environment, enabling rationalization and delivering customer analytics across multiple channels,” Infosys elaborated.
The Indian software giant released the results for its 2015 financial year had another detailed to share it is putting $2 million into Airviz, an air quality monitoring startup that was born out of Carnegie Mellon.
Airviz’s ‘Spec’ monitoring sensor tracks the quality of air in indoor and closed environments. The device helps in detecting invisible particles floating in the air and it doesn’t filter like a purifier and helps owners make changes to improve quality of air and track changes over time. Infosys declined to mention the size of its stake in Airviz, saying only that it acquired “a minority share.”
“This investment was made out of the $500 million Innovation Fund earmarked for investments in disruptive new technologies, and positions us as a driving force in the fast-growing personal health monitoring market with a big data solution that provides indoor air pollution sensing and visualization,” it said.
New CEO Vishal Sikka took it on further path of growth since assuming power in top last summer. Sharing his plans he said that he’d familiarize himself with Infosys’ problems and invest in expanding the knowledge and capability of the organization, which had suffered from slowing revenue growth.
Acquisitions and investments are a significant area of focus under his tenure. This is most strategic move by Infosys and the IT wizards and investors are watching these developments with keen interests. The Indian software giant is making steps to extend its reach and services. It helps them in availing quality services along-with high quality results. Wait for some more information!