Infosys invests $3 million in US-based company WHOOP

Infosys invests $3 million in US-based company WHOOP

Infosys on Monday informed the stock exchanges that it has made an investment of $3 million in an early stage company ‘WHOOP, which offers a performance optimisation system for elite professional sports team.

WHOOP Inc, a Delware Corporation, offers a highly differentiated performance optimisation and analytics solution that is of strategic importance to Infosys in the professional team sports and connected wellness markets.

The investment will be completed by December 16, 2015.

WHOOP was originally incorporated on Dec 31, 2011 with presence in the US.

Share price of Infosys was trading 0.95 per cent up at Rs 1062.30 (at 10.28 am) on Monday.