Infosys invests $4 million in Israel’s Cloudy


BENGALURU: Global software major Infosys Ltd on Wednesday announced investing $4 million (Rs.27 crore) in Cloudyn, an Israeli corporation, providing software as a service (Saas) solutions for the management and optimization of hybrid, multi-cloud deployments. “Cloudn enables enterprises to manage and optimise their hybrid, multi-cloud deployments. The solution provides visibility into usage, performance and cost, coupled with actionable recommendations for confident cloud growth,”said the IT major in a regulatory filing with stock exchange BSE in Mumbai. The city-based company did not disclose the minority holding in percentage equivalent to the cash investment in the five-year-old Israeli firm, which has presence in the US.”The investment is expected to be completed on August 15,” the filing noted. Incidentally, InfosysBSE 0.06 % investment in Cloudyn comes two days after its rival WiproBSE -0.45 % Enterprises’ infrastructure engineering division announced on August 1 buying an Israeli-based aerospace firm H.R. Givon for an undisclosed amount.

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