Shares of Infosys rallied over 3.5% to Rs 984 apiece on NSE after the second largest software exporter decided to acquire GuideVison, a Czech enterprise service management consultancy specialised in offering strategic advisory, consulting, implementations, training and support.
The acquisition will cost Infosys 30 million euros including earn-out and bonuses. The acquisition is expected to close during the third quarter of fiscal 2021, subject to customary closing conditions.
Through this acquisition Infy hopes to build capabilities relevant to the digital priorities of our clients. The move also reaffirms its commitment to the growing ServiceNow ecosystem.
The combination of scalable and agile nearshore capabilities of GuideVision in Europe, and their unmatched delivery excellence, complements Infy’s own effort to help global enterprises navigate their next.
GuideVision’s end-to-end offerings, including SnowMirror – a proprietary smart data replication tool for ServiceNow instances – enables over 100 enterprise clients to simplify complex business and IT processes.
GuideVision’s training academy and nearshore capabilities in Czech Republic, Hungary, Poland, and presence in Germany and Finland will strengthen Infosys’ ServiceNow capabilities for its clients in Europe.
This document is meant for the recipient only for use as intended and not for circulation. This document should not be reproduced or copied or made available to others. The information contained herein is from the public domain or sources believed to be reliable. While reasonable care has been taken to ensure that information given is at the time believed to be fair and correct and opinions based thereupon are reasonable, due to the very nature of research it cannot be warranted or represented that it is accurate or complete and it should not be relied upon as such. Also above note is not a recommendation to Buy or SELL and is only a view based on facts and figures and we will be in no way responsible for any losses incurred by anyone who uses this information to either trade or invests securities mentioned herein.