India’s Infosys to acquire Simplus for £193m


"The company will cooperate with the Securities and Exchange Commission's (SEC) investigations," Infosys said in a statement, which came days after the firm announced its own probe into the claims (Photo: MANJUNATH KIRAN/AFP/Getty Images).
"The company will cooperate with the Securities and Exchange Commission's (SEC) investigations," Infosys said in a statement, which came days after the firm announced its own probe into the claims (Photo: MANJUNATH KIRAN/AFP/Getty Images).

INDIAN IT giant Infosys has announced that it will acquire Simplus in a deal worth up to $250 million (£193m).

Simplus is a leading salesforce consulting and advisory firm in the US and Australia.

The acquisition is expected to close during the fourth quarter of the financial year 2020.

The deal size is “$200 million, including contingent consideration to be paid for the acquisition of shares subject to closing adjustments”, the Bengaluru-based business said in an exchange filing.

Simplus is a leader and advisor in cloud consulting, implementation, data integration, change management and training services for salesforce quote-to-cash applications.

This acquisition, coupled with the acquisition of Fluido announced in 2018, further boosts Infosys’ position as an end-to-end salesforce enterprise cloud solutions and services provider, offering clients unparalleled capabilities for cloud-first digital transformation, the Indian IT giant said in a release.

Simplus brings to Infosys salesforce expertise, industry knowledge, solution assets, deep ecosystem relationships and a broad clientele, across a variety of industries, including high-tech, financial services, retail, healthcare, life sciences and manufacturing.

It has offices across North America, Sydney, Melbourne, London, and a large delivery center in Manila.

Ravi Kumar, president, Infosys, said: “Simplus will be a valuable addition to the Infosys family. Complementing our industry knowledge and existing salesforce footprint with their strong presence in key markets, deep salesforce consulting and advisory expertise will help accelerate the transformation journey of incumbent companies. With this strong addition to our portfolio, we look forward to unlocking additional value for our clients.”

Isaac Westwood, COO , co-founder, Simplus, said: “Infosys has incredible global scale and breadth, and joining forces gives us a powerful value proposition to enable global digital transformations.”