Infosys to acquire Kallidus for USD 120 mn
Source: IRIS | 24 Apr, 2015, 03.00PM
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 Infosys, India's second biggest software exporter, said Friday the board of directors has approved the definitive agreement to acquire Kallidus Inc. (d.b.a Skava) and its affiliate, for a consideration of USD 120 million including a deferred component and retention bonus.
The company also approved the definitive agreement for an early-stage investment of USD 2 million in Airviz, to acquire a minority share.
Further, the board approved the transfer of the business of Finacle and EdgeServices to the company's subsidiary- EdgeVerve Systems.
Shares of the company declined Rs 115.75, or 5.45%, to trade at Rs 2,006.80. The total volume of shares traded was 1,264,062 at the BSE (2.50 p.m., Friday).
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