GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Infosys Completes Acquisition of Finland-based Company Fluido

In September, Infosys had said it will acquire Fluido in a deal worth up to 65 million, including earn-out, management incentives and bonuses.

PTI

Updated:October 14, 2018, 11:46 PM IST
facebookTwittergoogleskypewhatsapp
Infosys Completes Acquisition of Finland-based Company Fluido
Representative image
Loading...
New Delhi: India's second largest IT services firm Infosys on Saturday said it has completed the acquisition of Finland-based company Fluido.

In September, Infosys had said it will acquire Fluido in a deal worth up to 65 million, including earn-out, management incentives and bonuses.

Through this acquisition, Infosys strengthens its position as a leading Salesforce enterprise cloud services provider, and enhances its ability to provide clients with 'cloud-first' transformation, it said in a regulatory filing on Saturday.

"With offices in Finland, Denmark, Sweden, Norway and Slovakia, Fluido elevates Infosys' presence across the Nordics region with developed assets and deep client relationships, a great team and an effective local culture," it added.

Fluido customers are represented across industries, such as manufacturing, energy, retail and telecommunications sector, it noted.

"Fluido brings to Infosys globally recognised Salesforce expertise, alongside a world-class agile delivery process that simultaneously simplifies and scales digital efforts across channels and touch points," the statement said.

Founded in 2010, Fluido is one of the largest Salesforce (software company) consulting partners in Europe. It was majority-owned by its management team and CapMan private equity with Salesforce having a minority stake.
| Edited by: Padmaja Venkataraman
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 202.10 5.81
Jet Airways 321.30 -7.27
Reliance 1,139.00 1.03
Indiabulls Hsg 745.35 -2.72
HDFC Bank 2,015.00 0.53
Company Price Change %Gain
Grasim 854.35 2.55
Yes Bank 202.30 5.75
Jet Airways 321.85 -7.21
Bharat Fin 940.65 1.57
Reliance 1,139.00 1.02
Top Gainers
Company Price Change %Gain
Yes Bank 202.15 5.84
Hindalco 236.40 2.80
Grasim 853.30 2.57
Vedanta 211.95 2.49
Tata Motors 184.20 2.39
Company Price Change %Gain
Yes Bank 202.30 5.75
Tata Motors 184.20 2.68
Vedanta 211.80 2.47
Sun Pharma 528.50 1.71
M&M 777.00 1.26
Top Losers
Company Price Change %Gain
GAIL 332.45 -2.85
Indiabulls Hsg 745.35 -2.72
ONGC 153.80 -1.63
Axis Bank 610.45 -1.51
ICICI Bank 362.05 -1.50
Company Price Change %Gain
ONGC 154.05 -1.60
ICICI Bank 362.00 -1.47
Axis Bank 610.00 -1.34
Bharti Airtel 329.65 -1.18
Adani Ports 343.90 -0.79

Live TV

Loading...
Loading...