Infosys acquires US software provider in digital business push
Infosys's acquisition of U.S. cloud consulting software provider Simplus underscores the Indian software exporter's push to expand digital business as clients curtail spending on traditional technology outsourcing. The Bengaluru-based company agreed to buy Simplus for $250 million, including $50 million in earn out payments, it said in a statement last evening. Simplus specializes in the so-called Salesforce business software implementation on the cloud. In 2018, Infosys had acquired a Finnish company called Fluido in a 64 million-euro ($70 million) deal for Salesforce implementation on the cloud. Indian software exporters are fast shifting to new internet-based technologies such as cloud computing and artificial intelligence from low-margin, rudimentary services such as managing the IT infrastructure and back offices of western clients. "Service providers globally have been active in Salesforce competency acquisitions," Kotak Institutional Equities in a note...