Infosys invests in cloud, health monitoring market

April 25, 2015 Off By David

Grazed from CIO.  Author: John Ribiero.

Indian outsourcer Infosys has made an acquisition in the area of cloud computing and invested in a personal health monitoring company as it tries to move into high value products and services.

The transition is, however, taking time and in the financial results the company reported Friday its revenue and profit grew only slightly. The company said it faced pricing pressure in its core outsourcing business, which still largely prices its services around the number of people deployed on a customer’s project…

As it expands into other markets, Infosys has agreed to pay US$120 million to buy Kallidus, a cloud-hosted platform for retailers to provide apps and other mobile content. The company also invested $2 million from its Innovation Fund in Airviz, a spinout from Carnegie Mellon University that is focused on personal air quality monitoring…

Read more from the source @ http://www.cio.com/article/2914614/infosys-invests-in-cloud-health-monitoring-market.html