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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.

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"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.

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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.

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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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