Infosys invests $4 million in Israel's Cloudyn

Global software major Infosys Ltd on Wednesday announced investing $4 million (Rs.27 crore) in Cloudyn, an Israeli corporation, providing software as a service (Saas) solutions for the management and optimization of hybrid, multi-cloud deployments. “Cloudyn enables enterprises to manage and optimise their hybrid, multi-cloud deployments. The solution provides visibility into usage, performance and cost, coupled with actionable recommendations for confident cloud growth,” said the IT major in a regulatory filing with stock exchange BSE in Mumbai.The city-based company did not disclose the minority holding in percentage equivalent to the cash investment in the five-year-old Israeli firm, which has The city-based company did not disclose the minority holding in percentage equivalent to the cash investment in the five-year-old Israeli firm, which has presence in the US. “The investment is expected to be completed on August 15,” the filing noted. Incidentally, Infosys investment in Cloudyn comes two days after its rival Wipro Enterprises’ infrastructure engineering division announced on August 1 buying an Israeli-based aerospace firm H.R. Givon for an undisclosed amount. This comes right after the announcement by the company to invest in an Indian venture capital fund, Stellaris Venture Partners as reported by Business Insider. The investment can go upto $15 million and it is the second such investment by the company after the first deal in December 2015 to back Silicon Valley based, Vertex Ventures. With inputs from IANS