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    Infosys closes Simplus acquisition

    Synopsis

    Simplus has over 500 employees and offices in North America, Sydney, Melbourne, London and a delivery centre in Manila. The company had about $67 million in revenue for the fiscal year ending January 31, 2020.

    InfosysAgencies
    Infosys paid $200 million including contingent considerations for the acquisition of Simplus shares.
    Infosys said it closed its $250 million acquisition of Salesforce platinum partner Simplus.

    The Bengaluru-headquartered IT services company announced the deal in February.

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    Infosys made a previous Salesforce acquisition Fluido in 2018.

    Simplus has over 500 employees and offices in North America, Sydney, Melbourne, London and a delivery centre in Manila. The company had about $67 million in revenue for the fiscal year ending January 31, 2020.

    Infosys paid $200 million including contingent considerations for the acquisition of Simplus shares. In addition, there are employee incentives and retention bonuses amounting to $50 million on meeting certain performance conditions over three years.
    The Economic Times

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