Infosys to acquire Blue Acorn iCi for up to $125 mn
“The move (to acquire) further strengthens Infosys’ end-to-end customer experience offerings and demonstrates its continued commitment to help clients navigate their digital transformation journey,” the IT major said in a statement.
By ETMarkets.com |
PTI
NEW DELHI: IT major Infosys on Thursday said that it will acquire Blue Acorn iCi, a US-based data analytics company for up to $125 million.
The shares of the firm were trading 4.45 per cent higher at Rs 1,114 on BSE.
“The move (to acquire) further strengthens Infosys’ end-to-end customer experience offerings and demonstrates its continued commitment to help clients navigate their digital transformation journey,” the IT major said in a statement.
Blue Acord brings to Infosys significant cross-technology capabilities through the convergence of customer experience, digital commerce, analytics, and experience driven commerce services, Infosys added.
“We are focused on partnering with global brands and CMOs to help them navigate their digital experience and commerce challenges. The Blue Acorn iCi acquisition is another important milestone in Infosys’ journey to build capabilities relevant to the digital priorities of our clients and reaffirms our commitment to the Adobe ecosystem. We are excited to welcome Blue Acorn iCi and its leadership team into the Infosys family,” said Ravi Kumar S, President, Infosys.
Together with Infosys’ earlier acquisition of WONGDOODY that offers creative and marketing services, BlueAcorn iCi brings complementary capabilities to help global CMOs and businesses thrive in a digital commerce world. This acquisition further deepens Infosys’ capabilities in the Adobe, Magento, Salesforce Commerce and Shopify ecosystems.
The acquisition is expected to close during the third quarter of fiscal 2021, subject to customary closing conditions.
The shares of the firm were trading 4.45 per cent higher at Rs 1,114 on BSE.
“The move (to acquire) further strengthens Infosys’ end-to-end customer experience offerings and demonstrates its continued commitment to help clients navigate their digital transformation journey,” the IT major said in a statement.
Blue Acord brings to Infosys significant cross-technology capabilities through the convergence of customer experience, digital commerce, analytics, and experience driven commerce services, Infosys added.
“We are focused on partnering with global brands and CMOs to help them navigate their digital experience and commerce challenges. The Blue Acorn iCi acquisition is another important milestone in Infosys’ journey to build capabilities relevant to the digital priorities of our clients and reaffirms our commitment to the Adobe ecosystem. We are excited to welcome Blue Acorn iCi and its leadership team into the Infosys family,” said Ravi Kumar S, President, Infosys.
Together with Infosys’ earlier acquisition of WONGDOODY that offers creative and marketing services, BlueAcorn iCi brings complementary capabilities to help global CMOs and businesses thrive in a digital commerce world. This acquisition further deepens Infosys’ capabilities in the Adobe, Magento, Salesforce Commerce and Shopify ecosystems.
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The acquisition is expected to close during the third quarter of fiscal 2021, subject to customary closing conditions.
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