The talks come barely 18 months after the Silicon Valley-headquartered firm, Accel Partners, raised its fourth India fund of $305 million.
In a statement to stock exchanges, Wipro said that it has picked up a minority stake “of less than 20% on a fully diluted basis” in Intsights.
The company is in the process of tightening hiring processes at campuses that it will visit, even as it plans to hire roughly 20,000 freshers this year.
Infosys is putting new programmes in place to develop its next batch of top leaders, says executive vice-president Krishnamurthy Shankar.
Salvi will be the company’s new chief information security officer (CISO), filling a position that’s been lying vacant since company veteran Prabhakar Mallya retired.
Cognizant slashes FY revenue forecast for second consecutive quarter, despite strong Q2 sales growth
Cognizant is now predicting revenues in the range of $13.47 billion to $13.60 billion, implying growth of only about 8.5%-9.5% -- well below average industry growth rates of about 10-12%.
Cloudyn, which monitors and optimises cloud deployments of top Fortune 500 companies, counts Israel-based Carmel Ventures and Titanium Investments among its existing investors.
The city-based company did not disclose the minority holding in percentage equivalent to the cash investment in the five-year-old Israeli firm, which has presence in the US.
The Infosys investment — from its $500-million Innovation Fund set apart for early-stage investments — will mark the second such deal by the company in a venture capital fund.
Infosys promotes Rajesh Krishnamurthy to president; replaces 7th exit of senior hand after Vishal Sikka at helm
Infosys also witnessed yet another top-level departure with the exit of another company veteran Manish Tandon, marking at least the seventh senior executive exit.
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