Home > business, india > Infosys Looking for Acquisitions

Infosys Looking for Acquisitions

Infosys Technologies Ltd., India’s second largest software exporter by revenue, is looking for small acquisitions in the range of $100 million to $200 million, Chief Financial Officer V. Balakrishnan said Monday.

Infosys, which last year opted out of the race to buy UK-based Axon Group PLC after it was outbid by smaller rival HCL Technologies Ltd., has been looking for acquisitions to lower its dependence on the U.S. and the banking and financial services industry, which have been the worst hit by the global crisis.

“Our acquisition strategy is to fill in gaps in our existing portfolio in terms of geographic presence, services and vertical portfolio,” he told Dow Jones Newswires.

Read original article

This article was originally posted on WSJ.com

Advertisements
Categories: business, india Tags: ,
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: