Infosys to leverage Panaya's automation tech

BANGALORE, INDIA: Infosys today announced a definitive agreement to fully acquire Panaya, a automation technology provider for large scale enterprise software management, in cash, for an enterprise value of $200 million.

Panaya’s CloudQuality suite will help Infosys to bring automation to several of its service lines via an agile SaaS model, and helps mitigate risk, reduce costs and shorten time to market for clients

Dr. Vishal Sikka, CEO and Managing Director of Infosys said, “The acquisition of Panaya is a key step in renewing and differentiating our service lines. This will help amplify the potential of our people, freeing us from the drudgery of many repetitive tasks, so we may focus more on the important, strategic challenges faced by our clients."

Doron Gerstel, CEO, Panaya, Inc. said, “We are excited about leveraging Infosys’ global reach, service footprint and broad customer base to deliver compelling, simplifying, value to clients. I am confident this integrated proposition will uniquely position Infosys as the services leader in the enterprise application services market.”

The transaction is expected to close before March 31, 2015, subject to customary closing conditions.