Infosys invests $4 million in Israeli company
IANS | Aug 3, 2016, 06.24 PM IST
BENGALURU: Global software major Infosys Ltd on Wednesday announced investing $4 million (Rs.27 crore) in Cloudyn, an Israeli corporation, providing software as a service (SaaS) solutions for the management and optimization of hybrid, multi-cloud deployments.
“Cloudn enables enterprises to manage and optimise their hybrid, multi-cloud deployments. The solution provides visibility into usage, performance and cost, coupled with actionable recommendations for confident cloud growth,” said the IT major in a regulatory filing with stock exchange BSE in Mumbai.
The city-based company did not disclose the minority holding in percentage equivalent to the cash investment in the five-year-old Israeli firm, which has presence in the US.