Posted Apr 25, 2015 by Live Mint. See original article here.
Infosys has entered into definitive agreement to acquire Kallidus Inc. (d.b.a Skava) and its affiliate, a leading provider of digital experience solutions, including mobile commerce and in-store shopping experiences to large retail clients. This acquisition was an all-cash deal, with an aggregate purchase consideration of $120 million including retention bonus and a deferred component.
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.
Recognizing the power of unique mobile experiences for retail shoppers, Skava delivers a cloud hosted platform for mobile websites, apps, and other digital shopping experiences across mobile, tablet, desktop, in-store, and all emerging channels to large retail clients worldwide. The platform enables retailers to provide a mobile specific experience to their customers through an agile and flexible environment, enabling personalization and delivering customer analytics across multiple channels.
The company, on consolidated basis, posted a rise of 3.51% in its net profit at Rs 3097 crore for the quarter ended March 31, 2015 as compared to Rs 2992 crore for the corresponding quarter in the FY14. However, total income of the company rose 4.12% at Rs 14292 crore for quarter under review as compared to Rs 13726 crore for the same quarter ended previous year.