Infosys has announced that it is investing $4 million which is approximately Rs 27 crore in Cloudyn, an Israeli corporation, providing software as a service (Saas) solutions for the management and optimization of hybrid, multi-cloud deployments. “Cloudyn enables enterprises to manage and optimise their hybrid, multi-cloud deployments. The solution provides visibility into usage, performance and cost, coupled with actionable recommendations for confident cloud growth,” said the IT major in a regulatory filing with stock exchange BSE in Mumbai. Also Read - Work from home: Here is a look at TCS and Infosys' long-term plan
The company did not disclose the minority holding in percentage equivalent to the cash investment in the five-year-old Israeli firm, which has presence in the US. “The investment is expected to be completed on August 15,” the filing noted. Also Read - Reliance Jio, Infosys to set up projects in Bengal's proposed silicon valley hub
Incidentally, Infosys investment in Cloudyn comes two days after its rival Wipro Enterprises’ infrastructure engineering division announced on August 1 buying an Israeli-based aerospace firm H.R. Givon for an undisclosed amount.