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Showing posts with the label Infosys

Infosys invests $4mn in Israeli startup CloudEndure

New Delhi:  Country's second largest software services firm Infosys today said it has picked up minority stake in CloudEndure, an Israeli startup that provides cloud migration and cloud-based disaster recovery software, for $4 million (about Rs 26.7 crore). Pushing for innovation. Reuters The all-cash transaction will be completed by 11 December 2015, Infosys said in a filling to the BSE. "The company (CloudEndure) offers a highly differentiated solution addressing a USD 15 billion software and services market that is of significant strategic importance to Infosys," it added. With the investment, Infosys has picked up a minority, not exceeding 20 percent of the outstanding share capital of the company, it said. Set up in 2013, the privately-held CloudEndure has a presence in Israel and the US. The Bangalore-based firm is actively scouting for companies working on innovative technologies. Earlier this year, Infosys had announced a $500 million Innova

Infosys Creates IBM Bluemix-powered Innovation Lab to Accelerate Creation of App Solutions

Bangalore, India – October 16, 2015:  IBM and Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services today announced a collaboration in which Infosys will tap Bluemix, IBM’s Cloud platform to rapidly prototype, develop and deploy the next generation of Cloud apps for its global client base. The collaboration includes the launch of Bluemix-powered Innovation Lab for co-creation of apps with clients; training of Infosys developers on Bluemix and cloud app development skills; as well as Infosys’ adoption of Bluemix Dedicated to leverage its vast library of cognitive computing and analytics solutions and other services to build client apps. Srikantan Moorthy, Head of Application Development and Maintenance, Infosys said , “Digital transformation is unleashing the power of smarter processes for our clients. Our goal is to bring these advanced technologies to clients’ application landscape in the most rapid and collaborative way po