BANGALORE, India, August 3, 2016 /PRNewswire/ --
Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has made an investment of US$ 4 million in Cloudyn, a company that provides SaaS solutions for the management and optimization of hybrid, multi-cloud deployments.
The investment will be completed by August 15, 2016.
Disclosure under SEBI Listing Regulation -
Investment
Name of the target entity Cloudyn, An Israeli corporation
Whether related party transaction(s)
and whether the promoter/ promoter
group/ group companies have any
interest in the entity being
acquired? No
Industry to which the entity being
invested into belongs Cloud management and optimization
Cloudyn enables enterprises to manage
and optimize their hybrid, multi-cloud
deployments. The solution provides
visibility into usage, performance &
cost, coupled with actionable
Objects and effects of the recommendations for confident cloud
investment growth.
Any governmental or regulatory
approvals required None
Indicative time period for Expected to be completed on August 15,
completion 2016
Nature of consideration Cash
US$ 4 million investment in Series B-3
Cost of investment Preferred
Percentage of shareholding A minority holding
Originally incorporated on June 1, 2011
Brief background with presence in the U.S.
This is a disclosure announcement from PR Newswire.