INFOSYS COMPLETES $75 MN ACQUISITION OF WONGDOODY
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The country’s second largest IT services firm Infosys on Wednesday said it had completed the acquisition of US-based WONGDOODY. In April, Infosys had said it would acquire WongDoody Holding Company, a US-based digital creative and consumer insights agency, for a total consideration of up to USD 75 million.
“Infosys has concluded the acquisition for a consideration up to USD 75,040,000 including conditional deferred consideration and employee retention amounts,” Infosys said in a BSE filing on Wednesday. It added that the acquisition — which is in accordance with the terms set out in the agreement announced by the company in April — brings globally recognised creative talent and deep marketing and brand engagement expertise to Infosys.
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