IT major Infosys acquires US-based firm Panaya
Sources said New Jersey-based Panaya provides cloud-based quality management services for enterprise applications.
The company’s client list includes names like Coca-Cola, Mercedes-Benz and Unilever among many others.
Panaya takeover is Infosys’ second largest acquisition since September, 2012 when the Indian IT major had acquired Zurich-based Lodestone Holding, reports said.
A statement issued by Infosys said that the all-cash deal will likely to be closed before March 31 this year.
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