India: Infosys invests in second cloud computing startup Cloudyn from Israel

Infosys Office building. Photo: Mint

Infosys Ltd has invested $4 million to pick up a minority stake in Cloudyn Ltd, an Israeli company that makes software for monitoring and optimizing cloud computing, marking the Bengaluru-headquartered firm’s second investment in an Israel-based cloud-computing start-up from the company’s $500 million innovation fund.

Last year, Infosys invested $4 million to pick a minority stake in Cloud Endure Ltd, an Israeli-based start-up, which offers solutions to help large companies move applications to cloud and cloud-based Disaster Recovery software.

Cloudyn’s software helps chief information officers at large enterprises keep a tab and manage the usage of cloud computing when bought from service providers like Amazon Web Services.

Privately-held Cloudyn, which was founded in 2011, is estimated to have revenue of $3 million and counts many Fortune 1000 firms as its customers.

Infosys expects to complete the transaction by 15 August.

Besides its investment in two cloud-computing start-ups, Infosys’s Innovation fund has also picked minority investments in two data-analytics startups, including Trifacta and Waterline Data Science Inc. Trifacta applies machine learning technologies to help data scientists understand data better, while the Delaware-based Waterline helps companies make sense of large data sets.

The aggressive approach of partnering with start-ups focused on disruptive technologies underscores Infosys chief executive Vishal Sikka’s so-called “New and Renew” strategy to reinvigorate India’s second-largest software services company. Infosys believes that by picking minority investments in start-ups and taking their technology to its clients, it stands a better chance in winning outsourcing deals.

Including this investment, Infosys has spent over $33 million to buy stakes in eight start-ups and invested an undisclosed amount last September to become a limited partner in Vertex Ventures, a Palo Alto-based venture capital firm.

Infosys also bought three firms in 2015, spending $390 million to purchase automation technology provider Panaya, digital commerce firm Skava and Noah Consulting Llc.

This story was first published on Livemint

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.