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Business deals

Infosys acquires US software provider in digital business push

India's second-largest software exporter buys Simplus in $250m deal

An employee walks past a signage board in the Infosys campus in Bangalore, India.   © Reuters

MUMBAI (NewsRise) -- Infosys's acquisition of U.S. cloud consulting software provider Simplus underscores the Indian software exporter's push to expand digital business as clients curtail spending on traditional technology outsourcing.

The Bengaluru-based company agreed to buy Simplus for $250 million, including $50 million in earn out payments, it said in a statement last evening. Simplus specializes in the so-called Salesforce business software implementation on the cloud.

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