NEW DELHI: IT providers main Infosys on Thursday mentioned it has inked a pact to accumulate Blue Acorn iCi, a digital buyer expertise, commerce and analytics providers supplier, for as much as $125 million (about Rs 915 crore).
The transfer additional strengthens Infosys’ end-to-end buyer expertise choices and demonstrates its continued dedication to assist purchasers navigate their digital transformation journey, Infosys mentioned in an announcement.
Along with Infosys’ earlier acquisition of WONGDOODY that gives inventive and advertising and marketing providers, BlueAcorn iCi brings complementary capabilities to assist international CMOs and companies thrive in a digital commerce world, it added.
This acquisition additional deepens Infosys’ capabilities within the Adobe, Magento, Salesforce Commerce and Shopify ecosystems, it mentioned.
The price of the acquisition – which is anticipated to shut in the course of the third quarter of FY 2021, topic to customary closing circumstances – is “as much as USD 125 million together with administration incentives and bonuses”, Infosys mentioned in a regulatory submitting.
The acquisition is being undertaken by Infosys Nova Holdings, LLC, a wholly-owned subsidiary of Infosys Ltd.
Blue Acorn iCi group is owned by Beringer Capital, firm administration and former homeowners. The corporate is headquartered in Charleston, USA, and has presence throughout the US. Its income in 2019 was at $43.6 million.
With providers that embrace technique, analytics, design, and engineering, Blue Acorn iCi works with manufacturers throughout industries from media, shopper items and retail, monetary Companies, manufacturing and expertise.
“We’re targeted on partnering with international manufacturers and CMOs to assist them navigate their digital expertise and commerce challenges. The Blue Acorn iCi acquisition is one other necessary milestone in Infosys’ journey to construct capabilities related to the digital priorities of our purchasers and reaffirms our dedication to the Adobe ecosystem,” Infosys president Ravi Kumar S mentioned.
Chris Guerra, Co-CEO of Blue Acorn iCi, mentioned by changing into part of the Infosys household, Blue Acorn iCi will have the ability to higher serve purchasers and their clients because it elevates its scale, technical acumen, international attain, inventive capabilities and shopper perception experience.
Collectively, we will provide unmatched providers and insights to assist corporations change into the brand new leaders of digital expertise & commerce,” he added.
Funding Financial institution CG Petsky Prunier, a part of Canaccord Genuity, suggested Blue Acorn ICI on the transaction.



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