Infosys complete acquisition of Kallidus

In April, Infy had announced to acquire the San Francisco-based company, which operates under brand name Skava, for $120 mn

Infosys on Thursday said that it has completed the acquisition of Kallidus Inc., a San Francisco based digital as well as mobile commerce solutions provider which operates under the brand name, Skava. In April this year, the Bengaluru-based company has agreed to buy Kallidus for a total consideration of $120 million (Rs 763 crore), its second acquisition in the year after Panaya.

The acquisition is in accordance with the terms set out in the agreement announced in April, the company said in a statement. "The acquisition of Skava is part of Infosys' strategy to help clients bring new digital experiences to their customers through IP-led technology offerings, new automation tools and unparalleled skill and expertise in these new emerging areas," it added.

 

As part of its vision 2020 plan, Infosys has set an aggressive roadmap to become a $20-billion revenue company, and the company expects that a significant part of that revenue to come from inorganic means. The company has also announced that it is looking at innovative companies who are in new generation technologies like automation, artificial intelligence, machine learning, big data and analytics.