Last year, Infosys invested $4 million to pick a minority stake in Cloud Endure Ltd, an Israeli-based start-up, which offers solutions to help large companies move applications to cloud and cloud-based Disaster Recovery software. Cloudyn’s software helps chief information officers at large enterprises keep a tab and manage the usage of cloud computing when bought from service providers like Amazon Web Services. Bengaluru: Infosys Ltd has invested $4 million to pick up a minority stake in Cloudyn Ltd, an Israeli company that makes software for monitoring and optimizing cloud computing, marking the Bengaluru-headquartered firm’s second investment in an Israel-based cloud-computing start-up from the company’s $500 million innovation fund. Infosys also bought three firms in 2015, spending $390 million to purchase automation technology provider Panaya, digital commerce firm Skava and Noah Consulting Llc. Infosys believes that by picking minority investments in start-ups and taking their technology to its clients, it stands a better chance in winning outsourcing deals.

Source: Mint August 03, 2016 11:15 UTC