IT sector on the move: Infosys signs deal to buy Fluido for $76 million

The acquisition is expected to close during the third quarter of fiscal 2019, said Infosys

The country’s second largest software services firm Infosys on Friday announced an agreement to acquire Nordic region’s salesforce advisor firm Fluido for around euro 65 million ($76 million). This buy will make it the second acquisition for the IT giant this year.

In April, Infosys had acquired WongDoody Holding Company, a US-based digital creative and consumer insights agency, for around $75 million.

Fluido also becomes the second entity to be acquired under the leadership of Salil Parekh, who took over as the CEO of the Bengaluru-headquartered IT firm in January this year. “The acquisition is expected to close during the