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Infosys has signed an agreement to spend UD$ 76 million (around Rs. 550 Crores) to buy Fluido, a Salesforce consulting partner in Europe, marking the second acquisition under chief executive officer (CEO) Salil Parekh, within this year.
Infosys said in a statement, “This acquisition strengthens Infosys’ position as a leading Salesforce enterprise cloud services provider and enhances its ability to provide clients with an unparalleled cloud-first transformation. The acquisition strengthens Infosys’ presence in the Nordics region.”
Ravi Kumar S, president and deputy chief operating officer of Infosys said: “Fluido will be an important addition to the Infosys family, bringing a unique combination of market presence, deep salesforce expertise, agile delivery and training, that combined with our existing capabilities will help companies reimagine and transform their businesses.”
He further added, “This acquisition also aligns with our efforts to invest in local capabilities in the regions in which we operate.”
Finland-based Fluido is a privately held firm that was founded in 2010. Fluido has offices in Finland, Denmark, Sweden, Norway and Slovakia. Fluido is one of the largest Salesforce (software company) consulting partners in Europe.
It is majority-owned by its management team and CapMan private equity, with Salesforce Ventures having a minority stake. Its offerings include cloud consulting, implementation and training services.
