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23 November, 2024 13:29 IST |
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Infosys inks pact for divestment of entire investment in Cloudyn
Source: IRIS | 03 Jul, 2017, 08.33AM
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| Rating: NAN / 5 stars. |
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Infosys has signed an agreement for divestment of its entire investment in Cloudyn Software for a total consideration of approximately USD 4,400,000. The divestment is due to Microsoft signing a definitive agreement for the acquisition of Cloudyn.  Recently, the company had launched 'Infosys Boundaryless Data Lake' offering powered by its Information Grid Solution on Amazon Web Services (AWS).
Infosys is a global leader in technology services and consulting. Shares of the company gained Rs 6.15, or 0.66%, to settle at Rs 935.65. The total volume of shares traded was 79,652 at the BSE (Friday).
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