Infosys Acquires US Firm WongDoody
Infosys Ltd, the IT services company announced on Friday that it reached an agreement to make the acquisition of WongDoody Holding Co., a digital creative and consumer insights agency based in America for $75 million.
“On 13 April 2018, the company entered into a definitive agreement to acquire WongDoody… for a total consideration of up to $75 million including consideration and retention payouts, subject to regulatory approvals and fulfillment of closing conditions,” Infosys said in a regulatory filing.
Infosys Ltd. bought out the firm in order to strengthen the firm’s creative, branding and customer experience abilities. The deal, which is subject to customary closing conditions, is expected to be complete at the start of FY19.
“With Infosys Digital Studios spanning the globe—fr...