Infosys to buy Swiss firm Lodestone
Infosys Limited has agreed to buy Lodestone Holding AG in a deal valued at 330 million Swiss francs, as India's No. 2 software services exporter strives to boost income from higher value services and accelerate growth. The acquisition of Lodestone, a Zurich-based management consultancy firm that advises clients on strategy and on business management software from SAP, will add more than 200 clients to Infosys' 711 customers at the end of June. Infosys Chief Financial Officer V. Balakrishnan said that the acquisition is the first step taken towards achieving high-quality revenue growth.
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