IT major Infosys has signed a definitive agreement to acquire European consultancy firm GuideVision for up to 30 million euros including earn-out and bonuses. GuideVision’s training academy and near shore capabilities in Czech Republic, Hungary, Poland, and presence in Germany and Finland will strengthen Infosys’ ServiceNow capabilities for its clients in Europe. Ravi Kumar, President, and Infosys said, “This acquisition is an important milestone in our journey to build capabilities relevant to the digital priorities of our clients. This move reaffirms our commitment to the growing ServiceNow ecosystem.”
ServiceNow is one of the fastest growing enterprise software companies, and is becoming an ‘essential service’ and workflow standard for organizations. Infosys was recognized by ServiceNow as the 2019 and 2020 ServiceNow Global Service Provider Partner of the Year.
Narsimha Rao Mannepalli, EVP and Head – Cloud & Infrastructure, Infosys, said, “GuideVision’s addition is another significant step towards strengthening our Infosys Cobalt offerings portfolio, bringing the combination of services, solutions and platforms, that acts as a force multiplier for cloud-powered enterprise transformation. Our recently announced Infosys Cobalt portfolio has a large repository of ServiceNow Industry Cloud solutions like ESM Café, and this will now be bolstered by GuideVision’s SnowMirror suite of Industry templates.”
Pavel Muller, Co-Founder, GuideVision, added, “We are happy to become a part of the Infosys family and we strongly believe that the shared underlying values are a great foundation for our common goals in the future. Our combined expertise will further drive our customers’ digital transformation in the European market.” The acquisition is expected to close during the third quarter of fiscal 2021, subject to customary closing conditions.
Infosys is a global leader in next-generation digital services and consulting and enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, It expertly steer our clients through their digital journey. Company do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. Their always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from their innovation ecosystem.
