IT services major Infosys has recently signed a definitive agreement to buy Czech Republic-based enterprise service management consultancy, GuideVision, for 30 million euros. The official statement by Infosys states that the deal is likely to be closed during the third quarter of fiscal 2021.
GuideVision is one of the largest ServiceNow Elite Partners in Europe and offers strategic advisory, consulting, implementations, training, and support capabilities for the ServiceNow platform. This acquisition will enable Infosys to leverage GuideVision’s established ServiceNow training academy and nearshore capabilities for its clients in Europe.
“This acquisition is an important milestone in our journey to build capabilities relevant to the digital priorities of our clients. This move reaffirms our commitment to the growing ServiceNow ecosystem. The combination of scalable and agile near-shore capabilities of GuideVision in Europe, and their unmatched delivery excellence, complements our effort to help global enterprises navigate their next. We are excited to welcome GuideVision and its leadership team into the Infosys family,” says Ravi Kumar, President, Infosys, in a statement.
Founded in 2014, GuideVision serves over 100 enterprise clients in the ServiceNow platform. Its offerings also include a proprietary smart data replication tool for ServiceNow, called Snow Mirror. Infosys itself is a ServiceNow partner and has been recognized as Global Service Partner of the year by ServiceNow for the last two years.
Santa Clara based ServiceNow delivers a cloud computing platform for businesses to manage their digital workflows for enterprise innovations.
Infosys Acquisition: Way to strengthen future capabilities
With the remote-work getting increased traction, digital transformation acceleration has become a central focal point for most of the enterprises. In such a setting, the Infosys acquiring GuideVision is a significant move for the Bengaluru-headquartered company to strengthen its position in the US and Europe, and fortify its digital transformation capabilities.
ServiceNow empowers the IT and operations team of a global enterprise to receive, track, and respond to varied requests of an employee of an organization, irrespective of his location. And they are gradually taking prominence amongst most of the global companies.
Infosys understands that it needs diverse capabilities and solutions to meet the unique demands of its clients and to stay relevant. Time and again, the technology major has made it clear that it will continue to take the digital acquisition and transformation partnership route to stay ahead of the competition. At its recent annual general meeting, Infosys’s CEO Salil Parekh commented that the company was actively exploring acquisitions in areas such as data, analytics, and cloud to further make substantial inroads in the digital capabilities.
GuideVision is Infosys’s third acquisition of this year, after buying Salesforce platinum partner Simplus for $250 million, and US-based product design and development firm, Kaleidoscope Innovation for $42 million.