Infosys completes Fluido acquisition
IT services firm Infosys on Saturday said it has completed the acquisition of Finland-based company Fluido.
In September, Infosys had said it will acquire Fluido in a deal worth up to €65 million (over Rs 545 crore), including earn-out, management incentives and bonuses.
Through this acquisition, Infosys strengthens its position as a leading Salesforce enterprise cloud services provider, and enhances its ability to provide clients with ‘cloud-first’ transformation, it said in a regulatory filing on Saturday.
“With offices in Finland, Denmark, Sweden, Norway and Slovakia, Fluido elevates Infosys’ presence across the Nordics region with developed assets and deep client relationships, a great team and an effective local culture,” it added.
Founded in 2010, Fluido is one of the largest Salesforce (software company) consulting partners in Europe. It was majority-owned by its management team and CapMan private equity with Salesforce having a minority stake.