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IT sector on the move: Infosys signs deal to buy Fluido for $76 million

The acquisition is expected to close during the third quarter of fiscal 2019, said Infosys

Infosys
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FILE PHOTO: The logo of Infosys is pictured inside the company's headquarters in Bengaluru | Photo: Reuters

Romita MajumdarDebasis Mohapatra Mumbai/ Bengaluru
The country’s second largest software services firm Infosys on Friday announced an agreement to acquire Nordic region’s salesforce advisor firm Fluido for around euro 65 million ($76 million). This buy will make it the second acquisition for the IT giant this year.

In April, Infosys had acquired WongDoody Holding Company, a US-based digital creative and consumer insights agency, for around $75 million.

Fluido also becomes the second entity to be acquired under the leadership of Salil Parekh, who took over as the CEO of the Bengaluru-headquartered IT firm in January this year. “The acquisition is expected to close during the

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