Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2015-02-17

Infosys acquires US-based automation technology provider Panaya

Panaya\'s CloudQuality suite uniquely positions Infosys to bring automation to several of its service lines via an agile SaaS model.

Infosys, a global leader in consulting, technology and next generation services, has announced a definitive agreement to fully acquire Panaya, a leading provider of automation technology for large scale enterprise software management, in cash, for an enterprise value of $200 million.

This acquisition reflects Infosys' execution of its renew and new strategy to enhance the competitiveness and productivity of current service lines by leveraging automation, innovation and artificial intelligence.

Panaya's CloudQuality suite uniquely positions Infosys to bring automation to several of its service lines via an agile SaaS model, and helps mitigate risk, reduce costs and shorten time to market for clients.

Commenting on the acquisition, Vishal Sikka, CEO and MD, 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."

Doron Gerstel, CEO, Panaya, 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."

Related opportunities
  • E-Commerce & Related
    About UsHyperXchange will be mainly responsible for providing a technology..
    Locations looking for expansion West Bengal
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250 - 1000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
  • Clinics & Nursing Homes
    About Rudra Laser hemotherapy clinicLASER HEMOTHERAPY CLINICS, A LEADING HEALTHCARE..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 300 - 500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Laundry & Dry Cleaning
    Be a part of the booming on-demand laundry service industry..
    Locations looking for expansion Karnataka
    Establishment year 2012
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Urban District Karnataka
  • Real Estate
    About:Conceptualized and started by Mr. Kalyan Krishna Bandaru, an ITIL..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities