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Infosys Shares Hits All-Time High On Announcement To Acquire GuideVision

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On Monday, shares of Infosys Ltd rose over 4 percent to hit a new all-time high of Rs 987.90 on BSE after the IT giant announced that it has entered into a definitive agreement to acquire GuideVision, one of the largest ServiceNow Elite Partners in Europe.

Infosys will be acquiring 100 percent equity share capital holding in GuideVision for a cost of acquisition of 30 million Euro, including earn-out and bonuses.

Infosys Shares Hits All-Time High On Announcement To Acquire GuideVision
 

GuideVision is an award-winning enterprise service management consultancy specialised in offering strategic advisory, consulting, implementations, training and support on the ServiceNow platform.

Infosys will be acquiring 100 percent equity share capital holding in GuideVision for a cost of acquisition of 30 million Euro, including earn-out and bonuses.

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," the company 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. The combination of scalable and agile nearshore capabilities of GuideVision in Europe, and their unmatched delivery excellence, complements our own effort to help global enterprises navigate their next. We are excited to welcome GuideVision and its leadership team into the Infosys family," said Ravi Kumar, President of Infosys Ltd.

Read more about: infosys
Story first published: Monday, September 14, 2020, 12:05 [IST]
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