Infy to acquire consultancy firm GuideVison

Shares of Infosys rallied over 3.5% to Rs 984 apiece on NSE after the second largest software exporter decided to acquire GuideVison, a Czech enterprise service management consultancy specialised in offering strategic advisory, consulting, implementations, training and support.
The acquisition will cost Infosys 30 million euros including earn-out and bonuses. The acquisition is expected to close during the third quarter of fiscal 2021, subject to customary closing conditions.

Through this acquisition Infy hopes to build capabilities relevant to the digital priorities of our clients. The move also reaffirms its commitment to the growing ServiceNow ecosystem.
The combination of scalable and agile nearshore capabilities of GuideVision in Europe, and their unmatched delivery excellence, complements Infy’s own effort to help global enterprises navigate their next.

GuideVision’s end-to-end offerings, including SnowMirror – a proprietary smart data replication tool for ServiceNow instances – enables over 100 enterprise clients to simplify complex business and IT processes.
GuideVision’s training academy and nearshore capabilities in Czech Republic, Hungary, Poland, and presence in Germany and Finland will strengthen Infosys’ ServiceNow capabilities for its clients in Europe.

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