Infosys’ $560 million bet on two US tech firms is its all-time highest M&A spend in a year
Infosys Ltd’s announcement late Wednesday to buy two US-based tech services firms for $560 million takes its acquisition spend in a fiscal to an all-time high, reflecting the pressing need for new capabilities as automation tools upend India’s tech sector.
The country’s second-largest information technology (IT) services company said it will spend up to $465 million to buy Optimum Healthcare IT, a Florida IT services and consulting firm.
