Sunday, May 26

IT Firm Infosys Acquires Finland-based Fluido

One of India’s largest IT company Infosys has announced the acquisition of Finland-based firm called Fluido. It was in September that the company stated that it would acquire  Fluido in a deal worth up to 65 million euros (over Rs 545 crore), including earn-out, management incentives and bonuses.

Following this acquisition, the IT firm is expecting to strengthen its position as a leading Salesforce enterprise cloud services provider. Also, Infosys is looking forward to enhance its ability to provide clients with ‘cloud-first’ transformation.

“With offices in Finland, Denmark, Sweden, Norway and Slovakia, Fluido elevates Infosys’ presence across the Nordics region with developed assets and deep client relationships, a great team and an effective local culture,” Infosys stated.

Fluido includes customers in fields like manufacturing, energy, retail and telecommunications sector as well. The company was founded in 2010 and is one of the largest Salesforce (software company) consulting partners in Europe.

It was majority-owned by its management team and CapMan private equity with Salesforce having a minority stake. Fluido brings to Infosys globally recognised Salesforce expertise, alongside a world-class agile delivery process that simultaneously simplifies and scales digital efforts across channels and touch points.