Infosys picks up stake in US data discovery firm

New Delhi, Jan 28:   India’s second largest software services firm Infosys today said it has picked up a minority stake in data discovery software firm Waterline Data Science for $4 million (about Rs 27.23 crore). The all-cash transaction will be completed by February 4, 2016, Infosys said in a filing to the BSE. “We see a need for automated data discovery solutions like Waterline Data Science in helping our clients achieve greater business value from their Big Data assets,” Infosys Senior Vice-President Corporate Development Ritika Suri said. With the investment, Infosys has picked up a minority stake, not exceeding 20 per cent of the outstanding share capital of the company, it said. Set up in 2013, the privately-held Waterline Data Science has a presence in the US. The Bengaluru-based firm…

Link to Full Article: Infosys picks up stake in US data discovery firm

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