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Infosys Completes Acquisition of Australian Cybersecurity Firm The Missing Link

OutlookIndia

OutlookIndia · 3m ago

Infosys Completes Acquisition of Australian Cybersecurity Firm The Missing Link

Infosys has completed the acquisition of The Missing Link, an Australian cybersecurity services firm, for AUD 98 million (about Rs 532 crore), through its subsidiary Infosys Singapore Pte Ltd. The acquisition enhances Infosys' cybersecurity capabilities and strengthens its presence in the growing Australian market. This strategic move aims to bolster Infosys's service offerings and expand its reach in the cybersecurity domain, as stated in a regulatory filing made last month.

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Infosys to acquire semiconductor design provider InSemi

VCCircle

VCCircle · 1y ago

Infosys to acquire semiconductor design provider InSemi

Infosys, one of India's leading IT services exporters, has announced its acquisition of semiconductor design firm InSemi in a cash deal worth $33.7 million. The acquisition will strengthen Infosys' engineering capabilities in areas such as AI, 5G, and IoT, where semiconductors are driving growth. InSemi offers comprehensive semiconductor design services and is expected to support Infosys' chip-to-cloud strategy. The deal is set to be completed within the current quarter.

Infosys subsidiary hit by cyber security attack; investigation underway

Livemint

Livemint · 1y ago

Infosys subsidiary hit by cyber security attack; investigation underway

Infosys has reported that its US subsidiary, Infosys McCamish Systems, experienced a cyber security incident, leading to the unavailability of certain applications and systems. The company is working with a cyber security firm to resolve the issue and is conducting an investigation to determine the impact on systems and data. Data protection and cybersecurity are a top priority for Infosys, and the company is taking measures to address the situation.

Australian spies blame Russian for major cyberattack

Economic Times

Economic Times · 1y ago

Australian spies blame Russian for major cyberattack

According to the Economic Times, Australian intelligence agencies have identified Russian hackers as the culprits behind a major cyberattack. The attack targeted Australian government organizations, businesses, and individuals. The Australian government has not publicly named Russia as the responsible party, but officials have privately attributed the attack to the country. This incident highlights the ongoing cybersecurity concerns and tensions between nations in the digital world.

Infosys completes 25 years to US listing, here are its hits and misses

Livemint

Livemint · 1y ago

Infosys completes 25 years to US listing, here are its hits and misses

IT services company Infosys celebrated its 25th anniversary of being listed on the Nasdaq exchange in the US. Since listing in the US, Infosys has grown significantly and established itself as a global leader. The decision to list in the US was strategic, as 60% of the company's business came from America and it wanted to instil confidence in its clients. Infosys was founded in 1981 and went public in India in 1993. The company's focus on corporate governance and disclosure norms, coupled with its continuous growth, has made it highly attractive to investors.

Unicommerce completes 100% acquisition of Shipway

Entrackr

Entrackr · 4m ago

Unicommerce completes 100% acquisition of Shipway

Unicommerce completes 100% acquisition of Shipway E-commerce SaaS company Unicommerce has approved the 100% acquisition of Shipway. The Ace Vector owned company had acquired over 42% stake in the shipping solution firm late last year. According to a preferential issue filing, Unicommerce eSolutions will issue 60,33,189 equity shares to acquire 7,610 equity shares of Shipway from its shareholders Vikas Garg, Gaurav Gupta, and Puneet Gupta through a share swap approved by SEBI. Earlier in November last year, Unicommerce acquired a 42.7% stake in Shipway for Rs 68.4 crore to expand its product suite. Shipway will become its wholly owned subsidiary after the proposed acquisition. Founded in 2015 by Gaurav Gupta and Vikas Garg, Shipway provides post-purchase automation solutions for D2C brands. In 2021, IndiaMART InterMESH acquired a 26% stake in the company for Rs 18.2 crore. Unicommerce collaborates with India’s leading brands, marketplaces, and logistics providers to enable end-to-end management of e-commerce operations. Beyond India, it also has a presence in the Middle East and SEA. Unicommerce, which went public in August last year, reported revenue of Rs 29.3 crore in Q2 FY25, with a profit after tax of Rs 4.4 crore.

Infosys and Temasek Extend Digital Services Joint Venture for Five Years

OutlookIndia

OutlookIndia · 1y ago

Infosys and Temasek Extend Digital Services Joint Venture for Five Years

Infosys has announced a five-year extension of its joint venture collaboration with Temasek, an investment firm based in Singapore. The joint venture company, Infosys Compaz ("iCompaz"), focuses on digital transformation initiatives in the Southeast Asian market, providing services such as cloud solutions, data analytics, cybersecurity, and artificial intelligence. The extension reflects iCompaz's commitment to expanding its presence in Singapore and the broader Southeast Asian market, which is experiencing rapid economic growth. The collaboration aims to help clients with their technology transformation and leverage the potential of digital innovation.

Antfin completes 3.6% stake sale in Paytm

IndianStartupNews

IndianStartupNews · 1y ago

Antfin completes 3.6% stake sale in Paytm

Antfin (Netherlands) Holdings, founded by Jack Ma, has sold a 3.6% stake in Paytm for Rs 2,097 crore ($280 million). The investment firm offloaded 2.27 crore shares at Rs 895.20 per share. This follows Paytm CEO Vijay Shekhar Sharma's acquisition of a 10.30% stake through his overseas entity, raising his holding to 19.42%. Paytm recently reported a 39% YoY growth in revenue to Rs 2,342 crore and a 167% YoY growth in loans disbursed to Rs 14,875 crore.

NVIDIA Now Partners with Infosys for Boosting Generative AI in Enterprise

Startup News FYI

Startup News FYI · 1y ago

NVIDIA Now Partners with Infosys for Boosting Generative AI in Enterprise

NVIDIA has partnered with Infosys for the integration of the NVIDIA AI Enterprise ecosystem into Infosys Topaz, an AI-centric suite of services. This collaboration will enable Infosys to incorporate generative AI into their offerings, driving innovation and productivity. Infosys will also establish the "NVIDIA Center of Excellence" to train and certify 50,000 employees in NVIDIA AI technology. The partnership extends to various sectors, including retail, language models, contact centers, and emerging domains like 5G and cybersecurity.

EV charger maker Exicom to acquire Tritium for $30 mn

VCCircle

VCCircle · 1y ago

EV charger maker Exicom to acquire Tritium for $30 mn

Indian electric vehicle charger manufacturer, Exicom Tele-Systems, has agreed to acquire Tritium, an Australia-based DC fast charger firm, for $29.6m. The deal will expand Exicom's operations to include Tritium's US manufacturing facility and Australian engineering centre. Exicom offers EV charging and energy storage solutions in 15 countries. The acquisition is aligned with Exicom's goal of contributing towards a greener future.

Zendesk Completes Acquisition of Klaus

Finsmes · 1y ago

Zendesk Completes Acquisition of Klaus

Zendesk has finalized its acquisition of Klaus, an AI-powered quality management platform based in Tallinn, Estonia. The terms of the deal were not disclosed. Klaus' AI technology helps spot gaps in the customer experience, automates quality management, and improves agent performance and productivity across conversations. This acquisition adds to Zendesk's existing workforce management solutions, enhancing its ability to provide comprehensive customer support and communication tools.

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