Infosys, India’s second largest IT services company, on Wednesday announced that it would invest $4 million (Rs 27 crore) in an Israeli company Cloudyn.
The company provides software as a service (Saas) solutions for the management and optimisation of hybrid, multi-cloud deployments. In a BSE filing, Infosys said the cloud enables enterprises to manage and optimise their hybrid and multi-cloud deployments.
“The solution provides visibility into usage, performance and cost, coupled with actionable recommendations for confident cloud growth,” the company said in the regulatory filing.
Infosys 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. The company also made it clear that the investment is expected to be completed on August 15.
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