By Freya Purnell
Indian consulting and technology giant Infosys has announced its plan to acquire automation technology specialist Panaya Inc for US$200 million.
Panaya offers the CloudQuality Suite, which helps businesses automate changes to enterprise applications such as SAP, Oracle E-Business Suite, and JD Edwards.
According to Infosys, the acquisition aligns with its ‘Renew and New’ strategy to enhance the competitiveness and productivity of its current service lines by leveraging automation, innovation and artificial intelligence.
On the acquisition, Dr Vishal Sikka, CEO and managing director of Infosys, said, “The acquisition of Panaya is a key step in renewing and differentiating our service lines. This will help amplify the potential of our people, freeing us from the drudgery of many repetitive tasks, so we may focus more on the important, strategic challenges faced by our clients.
“At the same time, Panaya’s proven technology helps dramatically simplify the costs and complexities faced by businesses in managing their enterprise application landscapes,” Sikka said.
Panaya Inc CEO Doron Gerstel said, “We are excited about leveraging Infosys’ global reach, service footprint and broad customer base to deliver compelling, simplifying, value to clients. I am confident this integrated proposition will uniquely position Infosys as the services leader in the enterprise application services market.”
The transaction is expected to close before 31 March 2015.
