India: Infosys to acquire European consultancy firm GuideVision for $35m

India: Infosys to acquire European consultancy firm GuideVision for $35m

Photo: Mint

Infosys Ltd on Monday said it has entered into a definitive agreement to acquire Europe-based GuideVision for up to €30 million (approximately $35 million) to augment its Cobalt portfolio of cloud services and further strengthen near-shore delivery presence in the European region.

In August, Infosys launched Cobalt, a set of services, solutions, and platforms to help its clients, mostly large enterprises, build new cloud-first capabilities. The acquisition of GuideVision is expected to close during the third quarter of fiscal 2021.

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