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Infosys closes $120 million buyout of digital commerce firm Skava
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  • Infosys closes $120 million buyout of digital commerce firm Skava

Infosys closes $120 million buyout of digital commerce firm Skava

FP Staff • June 5, 2015, 13:57:31 IST
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The acquisition of Skava is part of Infosys’ strategy to help clients bring new digital experiences to their customers through IP-led technology offerings…

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Infosys closes $120 million buyout of digital commerce firm Skava

IT major Infosys today said it has completed a $120 million acquisition deal with Kallidus Inc (Skava) and its affiliate, a leading provider of digital experience solutions.

The acquisition is in accordance with the terms set out in the agreement announced on April 24, 2015, Infosys said on its website.

[caption id=“attachment_1261779” align=“alignleft” width=“380”] ![Reuters](https://images.firstpost.com/wp-content/uploads/2013/12/Infosys_Reuters.jpg) Reuters[/caption] Infosys had announced that it will acquire digital commerce player Kallidus Inc (Skava) and its affiliate, for $120 million.

The acquisition of Skava is part of Infosys’ strategy to help clients bring new digital experiences to their customers through IP-led technology offerings, new automation tools and unparalleled skill and expertise in these new emerging areas, the company said.

PTI

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