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Infosys arm buys Salesforce advisor Fluido for $76 mn (Lead)
Bengaluru, Sep 14 (IANS) Global software major Infosys on Friday said its consulting arm acquired Fluido Oy, a leading Salesforce advisor and consulting firm in Finland, for $76 million to help its clients in digital transformation.
“The acquisition of Fluido by our subsidiary (Infosys Consulting Pte Ltd) will help our clients navigate into digital transformation and strengthen our position as a leading Salesforce enterprise cloud service provider,” said the city-based IT major in a statement here.
Though the company did not disclose the acquisition cost in its release, it mentioned in a regulatory filing on the BSE that “100 per cent of Fluido’s shares have been acquired in cash for Euro 65 million”, which translates to $75.8 million (Rs 546 crore).
“Fluido is majority-owned by the management team and CapMan private equity, with Salesforce Ventures having a minority stake,” added the filing.
The US-based American cloud computing firm Salesforce offers customer relationship management and sells applications of social networking.
As Salesforce consulting and training delivery partner in Europe and in the Nordics region, Fluido will give Infosys expertise and an agile delivery process to simplify and scale digital efforts across channels of its clients.
“The acquisition demonstrates our commitment to the Salesforce ecosystem to address our client’s digital priorities. Fluido brings market presence, salesforce expertise, agile delivery and training to our capabilities, which will help our clients reimagine and transform their businesses,” said Infosys President Ravi Kumar in the statement.
The buyout also aligns Infosys’ efforts to invest in local capabilities in the regions it operates in, in Europe.
With offices in Denmark, Finland, Norway, Slovakia and Sweden, the Espoo-based Fluido elevates Infosys’ presence across the Nordics region with assets and client relationships, a team and local culture.
Fluido customers are represented across verticals, including manufacturing, energy, retail and telecom and to whom it delivers services spanning strategy, consulting, implementation and training.
“With Infosys, we will be able to provide global scalable services to our customers. With digital experience playing a key role in customer success, we will have an opportunity to help our clients change the way they connect with their customers,” said Fluido founder and Chief Executive Kai Makela.
The acquisition is expected to close during the third quarter of fiscal 2019.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.