Tuesday, February 17, 2015

INFY BUYS PANAYA FOR RS 1250 CRORES

Infosys has agreed to acquire Israel-based Panaya for an enterprise value of  Rs 1250 crores in an all-cash deal.

Clients use Panaya’s tools called CloudQuality Suite to gauge and speed up changes in enterprise applications like SAP Enterprise Resource Planning (ERP) and Oracle E-Business Suite. Panaya claims its tool, available as a software as a service (SaaS) application, will help clients save up to half of the
ir integration costs.

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