MoneyWorks4Me

Infosys gets nod to purchase assets of Channel Bridge Software Labs

14 Oct 2022 Evaluate

Infosys has received an approval to purchase assets of Channel Bridge Software Labs. Purchase consideration towards IP and Contracts is at Rs 1.42 crore, excludes employee retention and performance bonus. The Objective of acquisition is to augment EdgeVerve’s TradeEdge offering with mobile based sales force automation solution.  The Board of Directors of the company at its meeting held on October 13, 2022 has approved the same.

Infosys is a global leader in next-generation digital services and consulting.

Peers
Company Name CMP
TCS 2084.00
Infosys 992.10
HCL Technologies 1183.80
Wipro 159.40
Tech Mahindra 1489.10
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