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Infosys buys Skava

Bangalore: Infosys, the Indian IT consultancy, saw net profit up 15% to $2.01 billion on revenue up 5.6% to $8.7 billion in the year to the end of March. The firm also announced a definitive agreement to acquire Kallidus Inc. (which goes to market as Skava), a leading provider of digital experience solutions based in San Francisco. This acquisition was an all-cash deal, with an aggregate purchase consideration of $120 million including retention bonus and a deferred component.

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