Photo: Hemant Mishra/MintBengaluru: IT services firm Infosys Ltd on Friday said it will acquire WongDoody Holding Co., a US-based digital creative and consumer insights agency, for a total consideration of up to $75 million. “On 13 April 2018, the company entered into a definitive agreement to acquire WongDoody...for a total consideration of up to $75 million including contingent consideration and retention payouts, subject to regulatory approvals and fulfilment of closing conditions,” Infosys said in a regulatory filing. The move, Infosys said, would strengthen the company’s creative, branding and customer experience capabilities. The WongDoody acquisition is expected to close during the first quarter of FY19, subject to customary closing conditions. “With Infosys Digital Studios spanning the globe—from Bengaluru and Pune to New York, London, and Melbourne—the addition of WongDoody strengthens Infosys’ ability to fulfil the needs of global clients for comprehensive digital transformation solutions required to meet customer demand for next-generation, enhanced customer experiences,” Infosys said.

Source: Mint April 13, 2018 13:41 UTC