Infosys to Acquire Skava, a Leading Provider of Digital Experience Solutions for the Retail Industry

Infosys (NYSE: INFY), a global leader in consulting, technology and next generation services, today announced a definitive agreement to acquire Kallidus Inc. (d.b.a Skava) and its affiliate, a leading provider of digital experience solutions, including mobile commerce and in-store shopping experiences to large retail clients. This acquisition was an all-cash deal, with an aggregate purchase consideration of $120 million including retention bonus and a deferred component. – – Recognizing the …

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Source: The Market