<p>IT major Infosys has invested USD 3 million in US-based wearable device startup firm WHOOP to pick up a minority shareholding in the company.<br /><br /></p>.<p>In a regulatory filing, Infosys said it "has made an investment of USD 3 million (about Rs 20 crore) in WHOOP, an early stage company offering performance optimisation system for elite professional sports teams."<br /><br />Infosys said with through this transaction it will acquire "minority shareholding, not exceeding 20 per cent of the outstanding shareholding of the company."<br /><br />Infosys said WHOOP's system includes a device worn by athletes on their wrist that continuously measures key strain and recovery variables and actionable analytics powered by proprietary algorithms that generate intensity and recovery scores.<br /><br />"This enables athletes and coaches to gain visibility into the drivers of high performance, guide training and make optimal game day decisions," it added.<br /><br />The company said the transaction is expected to be completed by December 16.<br /><br />Shares of Infosys were trading at Rs 1,063, up 1.01 per cent from previous close on BSE. <br /></p>
<p>IT major Infosys has invested USD 3 million in US-based wearable device startup firm WHOOP to pick up a minority shareholding in the company.<br /><br /></p>.<p>In a regulatory filing, Infosys said it "has made an investment of USD 3 million (about Rs 20 crore) in WHOOP, an early stage company offering performance optimisation system for elite professional sports teams."<br /><br />Infosys said with through this transaction it will acquire "minority shareholding, not exceeding 20 per cent of the outstanding shareholding of the company."<br /><br />Infosys said WHOOP's system includes a device worn by athletes on their wrist that continuously measures key strain and recovery variables and actionable analytics powered by proprietary algorithms that generate intensity and recovery scores.<br /><br />"This enables athletes and coaches to gain visibility into the drivers of high performance, guide training and make optimal game day decisions," it added.<br /><br />The company said the transaction is expected to be completed by December 16.<br /><br />Shares of Infosys were trading at Rs 1,063, up 1.01 per cent from previous close on BSE. <br /></p>