Business, Investments

Infosys to Acquire Digital and Mobile Commerce Solutions Provider Kallidus for $120M

Image Source: poetsandquants

Image Source: poetsandquants

After acquiring a US-based automation technology startup Panaya, now Indian multinational corporation, Infosys has entered into a definitive agreement to acquire Kallidus Inc., for a deal amount of $120 million.

San Francisco-based Kallidus which operates under the brand name Skava, which provides a cloud hosted platform that powers a range of online services for retailers, like mobile wallets, apps, web stores and more.

“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,” Infosys further added.

Infosys is also investing $2 million in a personal air quality monitoring startup Airviz, to acquire a minority share. “This investment was made out of the $ 500 million Innovation Fund earmarked for investments in disruptive new technologies, and positions us as a driving force in the fast-growing personal health monitoring market with a big data solution that provides indoor air pollution sensing and visualization,” the company added in a statement.

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The company has also announced the creation of an ‘Innovate in India Fund’ from its $ 500 million Innovation Fund. The $ 250 million (Rs 1,550 crore) Innovate in India Fund will be dedicated to investments in promising new Indian companies.

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