Infosys acquires Skava for $120 million

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Indian multinational IT and software engineering corporation, Infosys announced on its website that it has completed the acquisition of Kallidus Inc. and its affiliates on Thursday.

Infosys in April had made public its agreement of buying e-commerce services provider Skava for $120 million.

“The acquisition is in accordance with the terms set out in the agreement announced on April 24, 2015. The acquisition of Skava is part of Infosys’ strategy to help clients bring new digital experiences to their customers through IP-led technology offerings, new automation tools and unparalleled skill and expertise in these new emerging areas,” Infosys said on its website.

Infosys also acquired Panaya, an Israel based automation solutions startup for $200 million earlier this year.

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