Infosys Eyes More Acquisitions to Expand Its Footprint in Tech Services

Infosys, India's second-largest IT services company, plans to continue its acquisition spree to expand in areas such as data analytics and SAAS. Recently, it acquired InSemi Technology Services and in-tech Holding. CEO Salil Parekh emphasized the importance of strategic synergies, financial cost, cultural fit, and integration in evaluating potential deals.

Infosys, India's second-largest IT services company, is actively seeking additional acquisitions to strengthen its foothold in key technology sectors. Recent acquisitions of InSemi Technology Services and in-tech Holding have set a precedent for future deals, according to CEO Salil Parekh.

Parekh revealed that the company is particularly interested in acquisition opportunities in data analytics, SAAS, and specific geographic areas within Europe and the US. He noted that strategic synergies, financial costs, and cultural fit are critical factors in the decision-making process.

The Grant Thornton Bharat Dealtracker Q2 2024 report highlights overall Indian dealmaking trends, noting 501 deals valued at USD 21.4 billion in the second quarter of 2024. However, despite an increase in volumes, there has been a decline in the value of merger and acquisition transactions.

(With inputs from agencies.)