August 3, 2016

Infosys makes $4 million investment in Cloudyn

Global software major Infosys invests in Israel based SaaS provider, Cloudyn

Earlier today, Infosys, a global software company, announced that it has made an investment of USD 4 million in Cloudyn, a SaaS provider for the management of multi-cloud deployments.

The IT major in a regulatory filing with BSE in Mumbai said :

Cloudyn enables enterprises to manage and optimize their hybrid, multi-cloud deployments. The solution provides visibility into usage, performance and cost, coupled with actionable recommendations for confident cloud growth.

The investment is expected to be completed on August 15.

Infosys, in a letter dated August 3 2016 has informed BSE regarding the investment in a letter titled “Infosys Invests in Cloudyn”.

Incidentally, Infosys’ investment in Cloudyn comes two days after its rival, Wipro announced that it was buying an Israeli-based aerospace firm H.R. Givon for an undisclosed amount.

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