IT services major Infosys has invested $4 million in Cloudyn, an Israeli corporation, as it seeks to strengthen its cloud computing service offering, an area in which the majority of Indian export companies struggle.
Israeli-based Cloudyn is a start-up that enables corporates to monitor their cloud computing usage and optimise its usage. of these services. The Infosys investment will give them for a minority stake, Cloudyn supports multiple infrastructure services including Amazon Web Services, Microsoft Azure, Google Cloud and OpenStack, and has 80 per cent of its customers in the US.
- The investment will be completed by August 15, Infosys said in a notification to the stock exchanges. The stock barely reacted to the news, closing at ₹1,085, up 0.06 per cent over the previous day’s close.
- All these efforts are part of CEO Vishal Sikka’s strategy to take the company towards the ‘aspirational’ $20 billion target by 2020-21. Since taking over, Sikka has made acquisitions and invested in companies like Cloudyn. Infosys acquired e-commerce services provider Kallidus for $120 million, bought SaaS firm Panaya for $200 million and Noah Consulting for $70 million.
- It has also invested $3 million in sports start-up Whoop, acquired a minority stake in San-Francisco based data visualisation start-up Trifacta, and bought an undisclosed minority stake in Delaware-based Waterline Data Science, a start-up that makes sense of the huge data that companies accumulate.
