Infosys to acquire startup Panaya to automate customer tasks
Indian outsourcer Infosys is to acquire Panaya, a U.S. vendor of automation technology for testing enterprise software deployments and upgrades.The cash deal values Panaya at an enterprise value of US$200 million, and is in line with the company’s strategy under new CEO Vishal Sikka to automate processes, including by using artificial intelligence, to cut down on repetitive tasks and accelerate services delivery.“This acquisition aims to use automation to boost the revenue of the company without a corresponding increase in staff,” said Sudin Apte, CEO and research director at analyst firm Offshore Insights. He pointed out that Infosys’ rivals like Tata Consultancy Services already use some degree of automation developed in-house.To read this article in full or to leave a comment, please click here
