Image via CrunchBaseThe second best software services exporting company of India, Infosys Technologies Ltd, has declared that it is looking to have a good deal to make acquisitions in near future. The C.E.O. of the company reportedly said on Sunday, that Infosys has been looking in the areas including Europe and Japan and hoping to get an upper hand in the industries like healthcare and public services.
S. Gopalakrishnan, the C.E.O. of Infosys at the moment, was talking to Reuters, just after the day the company announced to make major changes
in its elite-level management. Gopalakrishnan also mentioned that Infosys will find it even more suitable to find a good acquisition in the new areas which are yet to make their own new markets, like cloud computing. He stated that "Our philosophy has always been that you plan organic growth.”
Gopalakrishnan has been decided to quitting the post of C.E.O of company and will act as the co-chairman from this coming August, 2011. He continued explaining that "You keep your eyes and ears open, you have a dedicated team looking at acquisitions." He mentioned that there is no hurry in this process, Infosys does not really need any acquisition right away, he implied that the company can wait for the best deal and would only make any acquisition when it has find a place or company which was at the right price and suited fit strategically.
He was speaking from his Headquarters just outside Bangalore, the IT Hub of India, when he prompted that "We do not want to set a target for acquisition because we are not doing acquisition for growth. We are doing acquisitions for strategic fit and adding capability at this point of time."
Gopalakrishnan than afterwards revealed his real intentions that the company is actually looking for investments in new industries in different parts of the world so Infosys could create multiple areas of growth in the coming three to five years. He said that "There are multiple strategic requirements for acquisition so those are the things we are looking at, typically a smaller acquisition rather than a large one."
Infosys, also listed on Nasdaq, has recently made the announcement on Saturday that it will alter its highest ranks in management originated by the retirement of its billionaire chairman.
No comments:
Post a Comment