Industry

Infosys completes acquisition of Skava

IT services major Infosys on Thursday said it had completed the acquisition of Kallidus Inc. (d.b.a Skava) and its affiliate, the company said in a press release.

Earlier, on April 24, Infosys has announced that it had signed a definitive agreement to acquire the U.S.-based Kallidus Inc. and its affiliate in an all-cash deal for a total consideration of $120 million, including retention bonus and a deferred component.

Kallidus provides solutions such as mobile websites, apps and other digital shopping experiences.

“Infosys today completed the acquisition of Kallidus Inc. and its affiliate, a leading provider of digital experience solutions, including mobile commerce and in-store shopping experiences to large retail clients,” it said.

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Printable version | Oct 23, 2020 9:29:46 AM | https://www.thehindu.com/business/Industry/infosys-completes-acquisition-of-skava/article7283070.ece

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