Indian firm Infosys said today that it has spent $200 million to buy a company that specialises in automation technology.
The Bangalore based company bought Panaya, which is based in New Jersey.
Infosys has been seeking for some years to diversify its business after its initial success came in the outsourcing marketplace.
According to CEO Vishal Sikka, the company wants to leverage the importance of the cloud and AI. Sikka said that buying Panasya was an important step in diversifying its current lines of business.
Panaya sells CloudQuality, automation in the cloud and is intended as an automation method.
Sikka said: “This [acquisition] will help amplify the potential of our people, freeing us from the drudgery of many repetitive tasks, so we may focus more on the important strategic challenges faced by our clients.”
Infosys has over 165,000 employees worldwide and works in 50 countries.
