InvestorQ : What does Infosys stand to gain from the acquisition of Blue Acorn?
Archita Jajjoo made post

What does Infosys stand to gain from the acquisition of Blue Acorn?

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Niti Shenoi answered.
3 weeks ago
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India’s technology giant, Infosys, has entered into an agreement to acquire Blue Acorn iCi in an all-cash deal. Blue Acorn offers digital customer experience, commerce and analytics as an integral and indispensable part of its product portfolio.

The total consideration for the deal will be $125 million payable entire in cash. Blue Acorn will bring to Infy the advantages of convergence of customer experience, digital commerce as well as its core strength in analytics.

These skills have become all the more relevant as the global IT services demand gravitates increasingly towards digital needs. On its part, Infosys has already undertaken a massive effort to build skill sets relevant to the digital priorities of clients and this is an extension.

This deal is subject to extant and necessary regulatory approvals but Infosys is confident that the deal will be fully closed out during the third quarter of FY21. Infosys will be announcing its Sep-20 quarter results on 14 October, which is expected to be strong.

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