Indian IT major Infosys on Thursday announced it has completed the acquisition of digital experience solutions provider Skava.
“Infosys completed the acquisition of Kallidus Inc. (doing business as Skava) and its affiliate, a leading provider of digital experience solutions, including mobile commerce and in-store shopping experiences to large retail clients,” said Infosys
“The acquisition is in accordance with the terms set out in the agreement announced on April 24, 2015,” it added.
It was an all-cash deal which included retention bonus and deferred component. The aggregate purchase consideration was $120 million and Deutsche Bank advised Infosys on the transaction.
“The acquisition of Skava is part of Infosys` strategy to help clients bring new digital experiences to their customers through IP-led technology offerings, new automation tools and unparalleled skill and expertise in these new emerging areas,” they added.
Skava`s solutions include developing and hosting mobile websites, apps and other digital shopping experiences across desktop, tablet, mobile, in-store and emerging channels.