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Infosys acquires Finnish salesforce consulting firm Fluido for Rs 5.45 bn

Press Trust of India/New Delhi 13 Oct 18 | 06:10 PM

FILE PHOTO: The logo of Infosys is pictured inside the company's headquarters in Bengaluru | Photo: Reuters

India's second largest IT services firm Infosys on Saturday said it has completed the acquisition of Finland-based company Fluido.

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In September, Infosys had said it will acquire Fluido in a deal worth up to 65 million euros (over Rs 5.45 billion), including earn-out, management incentives and bonuses.

Through this acquisition, Infosys strengthens its position as a leading Salesforce enterprise cloud services provider, and enhances its ability to provide clients with 'cloud-first' transformation, it said in a regulatory filing on Saturday.

ALSO READ: Infosys to TCS, 12 Indian firms in Forbes' best regarded companies list

"With offices in Finland, Denmark, Sweden, Norway and Slovakia, Fluido elevates Infosys' presence across the Nordics region with developed assets and deep client relationships, a great team and an effective local culture," it added.

ALSO READ: Infosys Foundation announces Rs 1.5 cr reward for innovation in social work

Fluido customers are represented across industries, such as manufacturing, energy, retail and telecommunications sector, it noted.

"Fluido brings to Infosys globally recognised Salesforce expertise, alongside a world-class agile delivery process that simultaneously simplifies and scales digital efforts across channels and touch points," the statement said.

ALSO READ: Infosys installs Finacle banking solution at Australian Military Bank

Founded in 2010, Fluido is one of the largest Salesforce (software company) consulting partners in Europe. It was majority-owned by its management team and CapMan private equity with Salesforce having a minority stake.

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