The Indian IT services giant, Infosys, has entered into a definitive agreement to acquire Simplus, a Salesforce consulting and advisory company based out of Utah, U.S. Simplus is one of the fastest growing Salesforce Platinum Partners in the U.S. and Australia.
This acquisition will strategically give Infosys the advantage as it pushes into Salesforce enterprise cloud solutions and services. Infosys acquired Fluido in 2018, another Salesforce CRM consulting firm. It is being reported that the price of the acquisition is $250 million.
Pravin Rao, Chief Operating Officer of Infosys said: “The strategic combination of scalable and agile global delivery capabilities of Simplus complements our effort to help global enterprises to transform their businesses. We are excited to welcome Simplus and its leadership team into the Infosys family.”
Simplus is known for its expertise across various industries including financial services, retail, healthcare, manufacturing, life sciences, retail, and high tech. With offices across U.S. and Australia, the company will also increase Infosys’ reach.
Ryan Westwood, CEO and Co-Founder of Simplus said that the partnership is in complete alignment with his company’s values and will preserve the company’s DNA. He further said that the acquisition will also help it grow and become stronger.
Indian game-streaming platform Loco raises $42 million in latest funding round
U.S. sanctions $100 million sales for Taiwan missile upgrade
Mukesh Ambani’s Reliance Industries to buy the Mandarin Oriental in New York for $98 million
Xiaomi India slapped with $88 million notice for alleged tax evasion
Walmart, Flipkart invest $145 million in Agritech firm Ninjatech
© 2022 CIO Bulletin. All rights reserved.