Infosys to invest €30 million in Europe’s GuideVision

Infosys Ltd on Monday i.e. 14th September, said it has entered into a definitive agreement to take over Europe-based GuideVision for up to €30 million (approximately $35 million) to augment its Cobalt portfolio of cloud services and further strengthen near-shore delivery presence in the European region.

In August 2020, Infosys launched Cobalt which is a set of services, solutions, and platforms to help its clients, mostly large enterprises, build new cloud-first capabilities. The acquisition of GuideVision is expected to close during the third quarter of fiscal 2021.

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GuideVision’s training academy and near-shore capabilities in Czech Republic, Hungary, and Poland, and presence in Germany and Finland will strengthen Infosys’s ServiceNow capabilities for its clients in Europe.

Ravi Kumar, president, Infosys said, “This acquisition is an important milestone in our journey to build capabilities relevant to the digital priorities of our clients. This move reaffirms our commitment to the growing ServiceNow ecosystem.”