Moneycontrol
you are here: HomeNewsBusiness
Last Updated : Oct 13, 2018 06:20 PM IST | Source: PTI

Infosys completes Fluido acquisition

In September, Infosys had said it will acquire Fluido in a deal worth up to 65 million euros (over Rs 545 crore), including earn-out, management incentives and bonuses

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 euros (over Rs 545 crore), 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.
First Published on Oct 13, 2018 06:05 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant