Infosys Continues Expansion Strategy with Targeted Acquisitions in Data Analytics and SaaS
In a recent interview with the Press Trust of India (PTI), Salil Parekh, the Chief Executive Officer of Infosys, confirmed that the company is actively seeking further acquisitions as part of its ongoing growth strategy. This marks a robust commitment by one of the largest IT service firms globally to enhance its capabilities in emerging technological fields.
This year, Infosys has already completed two acquisitions, and Parekh indicated there will be no slowdown in this momentum. The company is particularly focused on expanding its operations in data analytics and software as a service (SaaS). Parekh stated, “We have done engineering services; we will look at other areas such as data analytics and may explore SaaS opportunities, potentially in different geographies including Europe and the United States.”
He elaborated that Infosys is considering acquisitions that would be comparable in scale to the recently completed in-tech deal, which was valued at approximately 450 million euros (around ₹4,045 crore). Earlier this year, Infosys announced the acquisition of InSemi Technology Services, an Indian semiconductor design firm, for up to ₹280 crore. Following that, Infosys Germany purchased in-tech Holding, a German company specializing in engineering research and development services.
Further explaining the acquisition outlook, Parekh emphasized that evaluating potential firms involves careful consideration of strategic synergies, financial implications, cultural compatibility, and integration challenges. Such factors are crucial in determining the success of future acquisitions as Infosys seeks to bolster its market presence and technological expertise.
In conclusion, Infosys’s proactive acquisition strategy under Salil Parekh’s leadership reflects its ambition to evolve within the competitive IT landscape, particularly emphasizing growth in data analytics and SaaS sectors.
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