Infosys Ltd informed the stock exchanges it will acquire Simplus, one of the fastest-growing Salesforce platinum partners in the US and Australia for up to $250 million. During the fourth quarter of fiscal 2020, closure of this acquisition is expected. Simplus is a leading provider and advisor in cloud consulting, implementation, data integration, change management and training services for Salesforce quote-to-cash applications with more than 4,500 projects.
The cost of the acquisition is ‘$200 million including contingent consideration to be paid for the acquisition of shares subject to closing adjustments,’ according to the regulatory filing. There are employee incentives and retention payments amounting up to $50 million on meeting certain performance conditions over three years, they added.
This acquisition, Fluido announced in September 2018, is expected to strengthen Infosys’ position as an end to end Salesforce enterprise cloud solutions and services provider, providing clients with the necessary capabilities for cloud-first digital transformation.
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