23 January 2017, India:
Second-largest Indian IT services company Infosys has invested a little over $62 million from its $500 million innovation fund in startups covering areas like IoT, automation and drones as per ET report.
“The startup world is incredibly exciting. We have been investing in companies there. We have been bringing these companies to our clients and that rate at which we bring these companies to clients is just exploding. So that’s very exciting,” Infosys CEO Vishal Sikka told PTI.
Sikka has said about $1.5 billion will come from acquisitions, while about $2 billion will come from newer services to increase revenue per employee to $80,000 and an operating margin of 30%. “Few weeks ago we did a large deal with one of our banking clients where we brought two of our companies that we have invested in into building a solution for them around big data, cloud infrastructure and so this is a very exciting time, we are working with startups,” Sikka said.
Infosys has invested in a dozen startups including Stellaris Venture Partners, Unsilo, Trifacta, Cloudyn and TidalScale using the fund.
Infosys Limited is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. It has the main headquarter in Bengaluru, Karnataka. (Source- PTI/ Image- Infosys)
