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Infosys to acquire automation technology provider Panaya for $200 mn


Infosys is buying a startup that helps companies manage major changes to their software systems, in the first signature acquisition by Vishal Sikka after he took over as CEO in August last year. Panaya, which has raised $59 million from venture capital investors, including a firm founded by Sikka’s mentor and SAP cofounder Hasso Plattner,…

Infosys to Create USD 250M “Innovate in India Fund” to Support Startups


Infosys Ltd plans to invest USD 250 million (INR 1,554 crore) in “Innovate In India Fund”, aimed at supporting startups and new ideas. The funding plan was announced by Infosys Chief Executive Officer and Managing Director Vishal Sikka in a meeting with the Prime Minister Narendra Modi in New Delhi, as according to a The Hindu report. Infosys’ Innovate…