Posted Apr 24, 2015 by Rachel King at ZDnet. See original article here.
Infosys, a global technology consulting and outsourcing firm, is bolstering its e-commerce resources with the acquisition of Kallidus.
That includes desktop and mobile apps as well as in-store channels.
Infosys plans to integrate the Kallidus portfolio to bring more digital shopping experience solutions and opportunities to its customers.
Specifically, this includes offering IP-led technology, automation tools and additional expertise and consulting in emerging commerce areas.
“We see the power of digital experiences in reaching consumers, and in particular retail shoppers in entirely new ways where the physical retail is being augmented and amplified by the digital,” explained Infosys CEO Dr. Vishal Sikka in prepared remarks.
Infosys is paying upwards of $120 million in an all-cash deal. Deutsche Bank acted as the sole financial advisor to Infosys.
The merger is expected to go through by the end of the first quarter of fiscal 2016.