Infosys gets nod to purchase assets of Channel Bridge Software Labs

Infosys Ltd. | IT - Software | IT & ITES | BSE: 500209 | NSE: INFY

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	2250.00
Infosys	1076.00
HCL Technologies	1255.00
Wipro	169.85
Tech Mahindra	1575.00
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