Skava Acquired for $120M

Posted Apr 27, 2015 by Media Post. See original article here.

Infosys, the India-headquartered consulting and IT firm, is on the verge of making its second significant acquisition of the year after it announced a deal to buy digital e-commerce services provider Kallidus for $120 million. It also made a $2 million investment in an air monitoring startup. With the Kallidus deal Infosys, which revealed the acquisition of enterprise resource planning (ERP) software company Panaya for $200 million in February, is buying the holding group behind Skava. The San Francisco-based company provides a cloud-based platform that powers a range of online services for retailers, for example mobile wallets, apps, web stores, and more.

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