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The Silicon Review Asia

IT Services Discover Silver Lining in Cloud Deals

IT Services Discover Silver Lining in Cloud Deals

IT service companies are seeing an increase in the opportunities in chasing revenue from the new software vendors sparking a series of buyouts. In the latest deal that affirms the strategy, Infosys said on Monday that it would pay around $250 million to buy Simplus a consulting and implementing Salesforce software. The deal comes after a week after Cognizant, a rival, announced two transactions in the space heating the race for cloud services revenue. During 2018, Infosys had acquired Fluido, a firm with core competence in Salesforce software for the European market. Infosys’ latest acquisition along with the Fluido buy will help bolster its Salesforce practice.

“This acquisition is a strong one for Infosys. When we did a study on provider capabilities for Salesforce ecosystem, we had seen that Infosys – though being  a leader – was lagging some of its competitors.,” said MrinalRai, principal analyst at consultancy ISG. “They had strong offshore capabilities, but they needed a similar onshore presence.”

Salesforce is one of the largest Software-as-a-service companies aptly named because it allows customers to rent software per user on the Cloud or the Internet. Salesforce is growing at 20% annually. “This acquisition is key to staying relevant to the digital priorities of our clients and demonstrates our commitment to the Salesforce ecosystem,” Pravin Rao, CEO of Infosys, said in a statement. “The acquisition reaffirms our continuous endeavor to strengthen our strategy of scaling our Agile Digital and cloud-first digital transformation capabilities.”

 

 

 

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