Infosys acquires m-commerce platform for $120 million

Posted Apr 25,2015 by Times of India. See original article here.

BENGALURU/ CHENNAI: Infosys has made a second big acquisition in a little over two months, marking a significant change in the company’s approach to M&As under CEO Vishal Sikka.

It has acquired US-based digital experience provider Kallidus (which does business under the name Skava) for $120 million (Rs 756 crore). The acquisition is an all-cash deal that includes retention bonus and a deferred component.

Kallidus (Skava), founded by former Microsoft employees Arish Ali and Sudha K V, delivers a cloud-hosted platform for mobile websites, apps and other digital shopping experiences across mobile, tablet, desktop and other channels to large retail clients. The company has a development centre in Coimbatore.

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